Buying a house is a big step forward in life. It is a decision filled with anxiety, excitement, and happiness. When it comes to buying a new home, there are three reasons cited by millennials that are top influencers in the decision to move. Moving in with a partner or getting married, becoming dissatisfied with their current living space, and plans to increase the size of their family are the biggest factors. Once you have made the decision to move, you will need to find a place that accommodates all of those needs, and then some. Here are a few important home buying criteria that can make or break a home’s desirability.
If you are going to build a family somewhere, it helps when there are activities and transportation within walking distance. This might be a lower priority for some people, but for many, walkability is a make-or-break factor.
- Local Schools
There is nothing more important for people who want to start a family than living in a top-notch school district. Education is the key to future success and forward-thinking parents know this.
Instead of purchasing a fixer-upper that might very well end up costing you more money than it’s worth, look into luxury townhomes. Buying a luxury townhouse will not only provide a great place to live, but a great community to live in as well. Luxury homes might initially seem pricey, but with all of the amenities, they often work out to be the best value for money.
- Tax Rate
Sometimes luxury real estate will be taxed more heavily, but this isn’t always the case. Learn about tax rates in your desired are so you can save money for important future events.
If you plan on starting a family, size does matter. You want to ensure your children have the privacy and space they need to grow up with some independence. Besides, kids take up a lot more room than you might think, so make sure the home you purchase is well equipped to handle a little one (or two).
Whether you plan on living in a luxury townhouse or an older colonial that needs renovation, weigh the pros and cons of the area. Also, make sure to have the house inspected prior to buying. Homeownership is a big commitment to your future, and you should take every precaution to ensure that it’s a good one.