If you’ve ever heard a friend or family member talk about real estate, you’ve likely heard the phrase “location, location, location” in reference to the importance that choosing the right community or neighborhood has in the home buying process. However, if you haven’t bought a home before or if you’re thinking about making a move, you may be wondering just how important is location, anyway? In today’s blog post we’ll share a few key considerations that you’ll have to make when you decide where to purchase your next piece of Salt Lake City real estate.
What Does Your Future Look Like?
If you’re like most homebuyers, you’ll be living in your new home for at least a decade and quite possibly much longer. Spend a few minutes peering into the future. What do you see? Are you going to be working in the same part of the city? If you’re a young professional thinking about living closer to entertainment and the downtown core now, do you think you’ll have the same priorities in the near future? It’s impossible to predict everything, but if you can picture your family composition and what you’ll be doing career-wise it can help with your decision.
Are Children a Factor?
If you have children – or if you plan on starting a family – they will play a vital role in the location of your new home. For example, you’ll need to consider the quality of local schools and whether or not you’ll be within walking distance. You’ll also want to ensure you have enough space, which might mean living a bit outside of the city in a suburban area like Sandy or Ogden where you can get a larger home with a yard for the kids to play in.
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Your Price Range Can Affect Your Location
Depending on which community you want to live in and the size of the home you want to purchase, you may find that your price range affects your choice of location as well. When you’re browsing through our property listings, be sure to use our price range tool so you can see how each community stacks up.
Remember: You May Want to Sell Your Home Later
Finally, don’t forget to consider your future “sellability”. You’ll want to be able to sell your home in case you decide to make an upgrade, or if your career path draws you to another city. If you were to buy now in an area that is growing in popularity, you may find it easier to sell later than if you were moving somewhere that is seeing low growth.
As you can see, location plays a significant role in your real estate decision. When you’re ready to discuss buying a home in Salt Lake City or the surrounding area, contact Exit Realty Success at (801) 352-8000 and we’ll be happy to share our expertise to ensure that you choose the perfect community to call home.
