One of the most important things to consider when you buy a new home is the location. In addition to being the right place for you and your family, you always want to consider resell value should you decide to sell your house in years down the road. Therefore, when you begin shopping around for your first home, keep location near the top of you list since this is ultimately a crucial factor.
Remember, location is definitely an important factor when buying a home but it is not necessarily the most important. Even so, you should make sure the home you settle in is where you want it. For instance, the location of your new home would have to do with the neighborhood, distance from work, and access to parks, schools, and shopping, and so on. Just keep in mind that as a first time buyer, make sure the location meets your needs, even if you have to pay a little more.
Chances are you will stay in your first home for several years. Therefore, you want this first time buying experience to be a positive one. If you would like turn around and sell your first home within seven years, you want the location to be the best so you get the most out of the resell value. Therefore, you will need to make your wish list of the things most important to you and your family specific to location. With that, you can focus on the must haves versus the wants, making the best decision.
One of the best locations for first time homebuyers is to purchase a home within a good school district. Even if you do not have school age kids, this type of location is one of the top things new buyers look for so again, it helps with resell value years down the road. In addition, shopping, recreational facilities, and churches are also important when it comes to location. Even though the value of the home itself can change after being purchased the location will usually stay sound.
However, remember that being in the right school district, specifically elementary schools, is a great investment and well worth a little higher price. In fact, future buyers have been known to drop a few things from their wish list just to get a house in the right school district, which is great news for you. Just remind yourself that location is a personal choice, which varies from one buyer to another. Just keep these recommendations in mind when buying your first home.