Buying a home is a big decision, and one that should be given time and careful consideration. Most prospective home buyers look for around three months at homes before making a final decision. It’s important for prospective home buyers to consider exactly what they’re looking for, from the type of home to the neighborhood they choose to move to. For example, if a home buyer has children, picking a school district and finding a good neighborhood school are crucial and can heavily influence where prospective home owners look at houses. When it comes to real estate, there are lots of things to consider.
When buying a home, it’s important to decide what type of neighborhood you’d like to live in. Walkable neighborhoods are increasingly popular, the majority of millennials and baby boomers alike prefer to live there. Half said that walkability is even the top priority in the choosing a neighborhood. Again, it’s also important to choose a neighborhood with good schools if you have children. Good schools tend to mean a safer area, providing both education and a safe place to play and explore for your children.
It’s important to consider what TYPE of home you’re interested in when buying a home as well. For instance, around 50% of home buyers looking at new homes said that energy efficiency was a top priority in their home search. New homes themselves are a hot commodity. Over 40% of prospective home owners would prefer to live in a home that has never been lived in before. Town homes are another popular choice. While sometimes smaller than a traditional house, they are often considerably less expensive. Millennials are the most likely to purchase a town home and, as over half of predicted home buyers will be under 35, this means that the popularity of town homes will continue to rise.
No matter what home is perfect for you and your family, it’s important to give the decision of buying a home careful consideration and research. It’s a good idea to look at a number of homes before deciding on one, as well as considering every factor of your decision, from energy efficiency to the safety of the neighborhood to walkability.