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{How to Choose the Right Location for Your New House.|Which {Town| |
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Written by Webmaster
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By Scott Staudt
 Most of the time, new home buyers pick a location for their new home based on where family and friends already live.
This makes the choice easier, since the purchaser is already familiar with all of the features of the area.
If you have no real idea where you want to live, you will have to do some more homework to find your dream town.
For most people, how far their job or a viable job market is one of the first criteria. Retirees don't need to consider this factor. It is no coincidence that housing prices are historically higher the closer one is to a vital town or corporate center.
After the commute, the second most important issue in the location of a home is the school system. For parents, this is a very critical issue, but even for those who don't have children, it should be something to consider since the quality of the school system has big impact on the property value of the homes in the area.
A prospective buyer has to now
examine the cost of the home. For example, you may face an expensive commute if you buy a less expensive home far from a city center. Choosing a home that is further away, that is less expensive, will probably involve higher commuting costs.
Make sure you look at other factors that will affect the overall cost of the home. For example, consider buying in an area underserved by a school district, but with cheaper homes and lower tax rates, and send the children to private school; this may prove to be cheaper in the long run.
Taxes can make a major difference in the ultimate cost of your home. The real estate listing should give you current tax rates, but dig further. If the town has not done an assessment in some time, you may be in store for an adjustment. This is especially important if the home has not been assessed since the prior owner made any big improvements such as new rooms, remodeled kitchen or bathrooms, pool or fireplace or deck.
You also need to find out whether the town is experiencing a lot of growth. You can count on your taxes going up if a new school is in the planning stages. Does this particular municipality have a reputation for frequent increases in the tax rate?
After this kind of information is gathered, you can make a more intelligent decision when you go shopping for your new home.
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