Purchasing a new home is undoubtedly one of the largest, if not the largest investment that the average person is ever going to make. And, with prices of properties going up as we speak, you might want to be aware of the price formation factors which drive those increases. Being able to identify and consider them could allow you to avoid certain and include others in order to conveniently manipulate the prices of the property which would fit your budget.
Low crime rate, taxes, decent schools nearby, noise, infrastructure – all of these are pretty much old news and just the tip of the toe for the brand new homeowner. You would want to dig a lot deeper than that when it comes to it. Based on a survey among a group of different real estate agents, we’d like to provide you with a few absolutely unexpected yet definitive factors which have a rather serious impact on the price tag of a property.
Nightlife – is it within Walking Distance?
Now, there are a lot of people who would conveniently reject certain attractive properties just because they are way too close to the town center. They cherish their peace and privacy and that’s something absolutely understandable. However, settling down in your new home doesn’t really mean that you have to abandon your nightlife entirely. What is more, there are quite a lot of benefits of the latter – socializing, savoring the local flavor of the neighborhood, getting to know the people who live nearby – all of these attribute to proper communal relationships and as such, properties within walking distance of nightlife tend to be a bit costlier. Therefore, opting out of this could potentially put you in a lower price range.
Going Retro
Older neighborhoods which have a lot of exposed bricks are actually becoming areas of complete transformation by the new buyers who manage to see a lot of free space. This retro infrastructure is something that’s becoming incredibly trendy and there is a serious amount of people who want to feel the vibe of it. Take advantage while the prices are still low and buy a property in a neighborhood which is still being revitalized in a way.
Community Standards and Privacy
Most people do not want to share the private sight of their body and, what is more, a lot of people don’t want it shared with them either.
If you want to go ahead and relax in your own backyard, unwinding after a hard day of work, minding your own business, prepare to dip a little bit deeper in your pockets and look for a suburban neighborhood with private yards and proper fencing. You should remember the general rule of thumb here – if you can see me, I can see you. It’s as simple as that.
Neighbors
The last thing you’d want is to walk past your neighbors with your head to your toes, failing to say a simple “Hi” just because you don’t go along. A proper relationship with your neighbors is something that you would most definitely want to take a look at. You want to be on good terms with all of the people that you will, after all, see almost every day. This is going to make your life so much easier.
This is the main reason for which the moral standings of your neighbors is something that you might want to take into account. Certain neighborhoods are more expensive not because they are at premium locations but just because they are built by open-minded and accepting communities and people are aware of it.
As you can see, there are quite a few things that you might want to take into account when it comes to buying a new home. This is a delicate undertaking and it needs to be approached with the necessary seriousness.
As a matter of fact, the best thing that you can do is to get involved with a real estate agent. Buying a home on your own and having to do all the research alone is something absolutely time consuming, bothersome and it requires quite a lot of effort. Instead, for a certain commission which is most certainly worth it, you’d be capable of handling your day to day affairs and sourcing the tedious research work to a professional with a pool of properties already waiting for you. All you would have to do is specify your criteria, including the aforementioned factors, and the professional will start looking.
There are a lot of things that go into buying a new home and that’s certain. If you fail to take the right steps towards it, you can easily find yourself overwhelmed, thinking that it’s hard or even impossible to fit within your budget while finding a property that you truly love and would easily live in. These are all serious considerations and when you’ve been on the look for a few months and nothing pops out, it’s easy to get desperate. This is why you should go ahead and engage the services of a professional – why should you do all the hard work? Let Team Couch find you the property of your dreams.