Whether you currently rent or own your home, you understand the importance of location. It’s a key factor in determining how much you can afford, how long your commute will be, and if you’ll be near good schools.
Points to consider when determining your location:
- Urban or Suburban: Do you want the convenience and walkability of city life? Or do you want a larger home with a yard, away from the hustle and bustle?
- School Systems: Even if you don’t have school-age children, it’s important to consider the local school system for resale value.
- Proximity to your job, current and future: Are you willing to make a 45 minute drive to work, or do you want a short commute – 15 minutes or less?
- Access to Public Transportation: Do you need access to public transportation, to get to and from work, school, or your primary health care provider?
- Property Taxes: Property taxes differ from town to town and can affect your affordability and resale value.
- Size: If you can afford a $150,000 home but require four bedrooms and a fenced-in yard for your dog, you may need to consider homes further from a city-center.