The old real estate cliche’ about “location, location, location” is true, as the area of the city where your home is located will have an impact on its future value as well as your lifestyle.
So what factors should you consider when you are choosing which neighborhoods to house hunt within?
Proximity to Your Daily Needs
If you work downtown, living out in the suburbs means that you will be adding time for a commute onto your day.
While this might be worth the cheaper prices for properties out of the town center, it is something to consider when making your decision.
You will also need to consider whether the house is near shopping centers, schools, doctors, dentists and other services that you will need regularly.
Planned Developments
When you are choosing a neighborhood to buy in, do some research into what developments are planned in the future for that part of town.
For example, you might be able to get a cheap price on a home that is out of the way, but a new proposed highway leading straight into the town center that will be built in the next five years could increase property values considerably.
Overall Atmosphere
Take a walk around the neighborhood where you are considering buying and get a sense of the overall atmosphere. Are there a lot of families living there? Are there green places to relax? Are people friendly and saying hello to you?
You want to live in a place where you feel welcome and comfortable.
Property Values
Different neighborhoods will have a range of house prices and you will want to look for something with the right balance of value.
Some areas of town will be very expensive but very nice; other areas will have cheap house prices but might not be as pleasant to live in. Take the time to find the neighborhood that is in the middle, where you will find the right house, and neighborhood, at a good price.
These are just a few of the factors to consider so that you can choose the right neighborhood to buy in.
For more information about buying a Solana Beach home, feel free to contact your trusted mortgage professional today.
Abassi says
March 2, 2016 at 8:05 amThe decision to ddecie when to foreclose on a property is determined by the bank/lender. Each have their own time frame.Some will start the foreclosure procedure after you being one month delinquent, while others will start the foreclosure after missing as many as 6-12 months.You should call your lender and explain to them that you will be late and why you will be late. Between the two of you, you might work out a plan where you can make 1/2 a payment for a certain number of months or some type of program that might add your missed payments to the end of your mortgage.There are several things that might happen, but unless you communicate your capabilities to your lender they will never know your plans or what you can do to maintain your monthly mortgage payments.If your property do go into foreclosure and you are able to make up the back payments to include any fees charged, that will end the foreclosure procedure against you. I hope this has been of some use to you, good luck.”FIGHT ON”References : Was this answer helpful?