Questions to Ask About the Area Where You are Home Shopping

Shopping for a home is one of the most exciting things you will do in your life. Chances are good you are putting most of your thought and energy into finding your dream home: the right layout and features, and a beautiful design inside and out. But you should not overlook the importance of choosing a lovely home in the right area. Here are some questions to ask as you shop.

1. 1. How close is it to where you work? Let’s say you found your dream home, but it is an hour and a half away from a job you intend to remain at for many years. Then, perhaps, you found another home that is not quite as perfect, but it is just thirty minutes from your workplace. Which do you choose? Many people would take their dream home, figuring they can stand the commute. But after a few years, a long commute can really erode at your feelings for your home. You should strongly consider picking a home that minimizes your commute.

1. 1. How are the schools? If you have children or plan to, make sure that you are buying a home in a great school district.

1. 1. Is the neighborhood safe? How would you feel going out for a walk after dark in the neighborhood where you are home shopping? How would you feel about your kids running around outside unsupervised? It is worth it to pick a safe neighborhood, even if it means paying a little more.

1. 1. How quiet is it? Noisy streets or neighbors may drive some homeowners crazy, while leaving others un-phased. You will need to decide whether the neighborhood will be quiet and peaceful enough for you to live happily.

1. 1. Do you like the aesthetics of your surroundings? Depending on your budget, the appearance of the neighborhood may be one area where you end up compromising. When you are in your home, after all, you do not have to look outside, so you may be able to be contented even in a neighborhood you consider unattractive. If you like to spend a lot of time out in your yard though, or if you are seeking pleasing views through large windows, it may be worth it for you to choose a neighborhood that is as beautiful as the home you are purchasing.

1. 1. Is there a micro-climate? You probably already are familiar with the overall climate where you are shopping for a home. But have you considered the impact of micro-climates? Depending on the exact spot where a house is situated, average temperatures could be a bit warmer or cooler than they are for other homes, sometimes even in the same neighborhood. If you want to save on your heating and cooling costs and live as comfortably as possible throughout the year, you may want to be highly selective with respect to this criteria.

1. What will happen with this area in the future? All of the things we discussed above have to do with assessing the neighborhood where you will buy a home as it exists presently. But it is important to keep in mind that change is a constant. Try and research the real estate market and zoning regulations for the area. How likely is it that developers might move in? Could a neighborhood that is quiet and open today end up becoming crowded with buildings and people a few years down the road? Keep in mind that future real estate development can also impact the value of your property. On one hand, it is good for your investment for the value of your property to climb. But on the other hand, it can cause your property taxes to rise as well.

Find the Right Mortgage for Your Home Purchase

Now you know more about choosing the right area for your new home. The next step you will need to take is to start shopping for the right mortgage. Mortgage Consultants Group can assist you in Rancho Cordova or anywhere in California. To schedule your consultation now, please give us a call today at (916) 669-1682.