If this is your first time buying a home - it is important to consider five factors which should influence your decision of making an offer. Purchasing a home can be a very intimidating and overwhelming process. When we start looking at homes let's remember the following -
1) Location - location is the most important thing to consider. Remember we can not change location once we have purchased a home. Location, Location, Location... Gain a clear idea of what is important to you in terms of location - look at the big picture!
2) Schools - remember to educate yourself on where learning takes place. Access to schools is an important component when purchasing your home. Homes in good neighborhoods with good schools - helps create value for your home. Protect your investment!
3) Commuting Distance - where you work should have influence on your decision of where you buy a home. People do not want excessive commutes on a daily basis. The distance to emplyable centers will definitely influence your resale. Inquire about the economics within the neighborhood of interest.
4) Your Budget - make sure that the home you purchase falls within your budget.
5) Long Term Plan - as you purchase your first home, make sure that you have a long term vision for the property. Your home may be a starter home to begin with but then evolves into a rental property and could also turn out to be the property that you spend many years in. Despite the direction and purpose of the property - you need to remember to plan.
THE GOAL WHEN BUYING IS TO ENSURE THAT YOU ARE WELL INFORMED AND HAVE THOUGHT ALL ASPECTS OF HOME OWNERSHIP THROUGH. AND REMEMBER...
Location + Schools + Commuting Distance + Budget + Long Term Plan
EQUALS - A Successful Purchase