Tuesday, January 11, 2011

Things I Wish My Realtor Had Told Me Part 3


Now it is time for me to weigh in on how to choose the "right" home for you and your family.  When I am advising my own clients, here are some ?s and thoughts that I share:

Will this home work for you for the foreseeable future?  Does it have the space you need now, but also ample space for the next 5 years?  (In the past, the average family moved every 3-5 years.  Now that span has increased to every 5-8 years.)

Does the monthly payment fit into your budget?  Will you still have the ability to eat out occasionally and go to movies?  Will you lose sleep over the payment?  In other words, does it feel comfortable to you?

Does the school district fit your family's needs?  Think ahead beyond elementary school to middle school, junior high and even high school?

Finally,  is the home in an area that would resale well if you are relocated?  Hopefully this will be your home for a very long time.  In the event, you are offered an amazing job opportunity, you want to be in the position to sell your home.  Having a desirable location makes a huge difference in time on the market.

What are your thoughts?  Are there other key criteria that are not mentioned here?  Feel free to weigh in by leaving a comment.

2 comments:

  1. I'm so glad that looked into school districts ahead of time. We built our house in 2006 when my oldest was only 15 months old. Now I have three kids, we still have 38 lots that do not have homes and I have a feeling (like it or not) we'll be here for a few more years. Thankfully we're in a good district!

    Great advice!

    ReplyDelete
  2. Hi Susan, thanks for your comment. A great school district is a great way to keep your home at the top of many people's lists. Even if a buyer doesn't have children, the reputation of the school system is valuable information affecting their resale capacity.

    Kudos to you for choosing wisely.

    ReplyDelete

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