It doesn't matter how many homes you visit or research is done on each neighborhood the results always comes back to this issue. When making your initial homebuying criteria list it is important that you also RANK what is most important to you.
This list is an important guide to help you with this overwhelming decision making process.
What is "LOCATION?"
-Location can range from accessibility to public transportation, major roadways, restaurants, shopping, work, schools, or even nightlife such as bars, clubs, and lounges.
What is "SPACE?"
-Space can range from square footage, floor plan, and storage.
How does my choice affect home prices?
-There is a direct correlation between Location and home prices...there is a premium placed on sought after location, especially in urban areas. The farther away from the city the lower prices fall.
How does my choice affect Space?
-It is well-known that in more sought after locations, Space is limited based on your price range. You can expect to gain more Space for a lower price range as you move further out of the city.
Now you might read this and think it's common sense...but it is inevitable that many homebuyers will have many sleepless nights tormenting over this same issue, especially since purchasing a home is a very emotional process.
It doesn't matter if you are a first-time homebuyer or second home...the obstacles and anxieties remain the same.
Call me at 301-452-4767 if you have any real estate questions!
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