You may have heard about the importance of location when selecting a new home to purchase, but you may not be fully aware of why location matters when moving your family. Location certainly must be desirable in terms of proximity to an urban area. For example, some people prefer to be as close to the downtown area as possible, and others want to steer clear of that scene. You may also want a location that is close to your workplace, a nearby lake or another key area in town. However, real estate location is critical for several other reasons as well. In fact, when you are planning to relocate your family to a new area, location matters in these four ways.
The Quality of Schools
In major cities, there may be two or more school districts that serve the community. Many suburban communities have their own school districts as well. The funding, student-to-teacher ratio, graduation rate, test scores and more for these districts varies. However, the individual schools within a district also can vary substantially, and some schools are considered far superior to others. Your decision to move into one neighborhood rather than into a neighboring community can play a major role in the quality of education your children receive throughout their time in your new home.
The Cost of Living
The cost of living can also vary substantially from one community to the next. You may think that neighborhoods that are right next to each other would have a fairly similar cost of living. However, real estate prices can be much higher in one community than in another. Age, style of homes and quality of construction can influence cost even among similarly sized homes. Differences in school districts and counties can alter property tax rates between these communities. Some areas may also have different utilities rates. As you can see, there are many factors that can vary from community to community that can play a major role in your financial situation in the years to come. This can ultimately affect your quality of life and your ability to save for the future, so it’s a big reason why location matters when choosing a home.
The Crime Rate
When deciding between an FSBO or an agent-listed property, the crime rate should also be considered in various communities. You can ask a real estate agent for detailed crime reports, or you may have to do your own research if you are buying the property without an agent. Crime rates may vary substantially by zip code or neighborhood within the same metro area. The last thing you want is to move to an area where your kids cannot play safely outside or where you feel unsafe inside the home. Therefore, review crime rates carefully when deciding where to live.
The Availability of Services
You may think that the availability of services would be fairly uniform from one community to another, but this is not always the case. For example, some cable and Internet providers only serve select communities. If you are moving to an outlying area, you may even be surprised to learn that the local fire station does not service the area, and instead, it is serviced by a volunteer fire department for the county. These are just some of nuances you may find between various communities that you may be thinking about relocating to, and all can impact your quality of life in the years to come.
As you can see, location matters in very significant ways when it comes to moving. It may be wise to narrow down your search area to a handful of neighborhoods that you have carefully researched as a first step. Then, you can confine your search to preferred communities. This can help you to more easily find an affordable, safe area to live that meets all of your needs for quality education, services and more.
Guest Author Bio: Sophia Belnap is a freelance writer who recommends Fizber if you’re deciding between an FSBO or agent-listed property.