Since, for most of us, the value of their home, represents their single – biggest, financial asset, doesn’t it make sense, to fully consider, many relevant factors, before deciding, whether you are making a wise, well – considered decision? Most people understand the significance and importance of pricing, and other financial factors (such as one’s credit, down – payment, job security, etc), but, some overlook, focusing on identifying, the pluses, and minuses, of any specific region, neighborhood, community, and/ or, AREA. Why this matters, and how, depends on many factors, and personal priorities, but, it is wise, to proceed, paying keen attention to this aspect! With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, why this makes sense, and benefits, the home buyer (and future homeowner), both in the short – term, and into the future.
1. Access; assets: Don’t overlook, whether a specific house, is conveniently located, and accessible to whatever, is most relevant to you! To some, this means convenience to transportation, while others, seek less accessibility, in order to feel, they are experiencing, more peace, and tranquility! Certain people, who are involved, intimately, in their church/ house of worship, etc, convenience, to their preferred one, is significant. Don’t overlook whether, the specific area, will be a positive, or negative, influence, on the potential value of your asset (house)!
2. Region; relatives; real life issues: Why do you want to reside in a specific region? Is living, conveniently located, to your relatives, important for you? How do a variety of real life issues, affect your overall happiness, residing in a specific location?
3. Excellence; education; emotions: Don’t overlook the importance of a specific, emotional connection, may be! However, be careful, your emotions, and your logical components, are balanced, in a true, head/ heart balance! Don’t compromise in your demand and requirement for excellence, in whatever is most relevant to your enjoyment of your residence! How important is the local school system’s quality, and maximizing the opportunity for your children receiving a quality education?
4. Attention; adjoining: Before deciding, pay keen attention, to the overall area! What do you like, and what might be more negative? Focus, especially, on the adjoining houses, neighbors, etc, and whether, you believe, living there, would meet your needs and expectations, and provide you, with optimal joy of home ownership!
Become a wise home buyer! Consider many relevant factors, carefully, before making such an essential, important decision!