If your commute to work takes 25 minutes, congratulations – you’re average, according to a 2009 study by the United States Census Bureau. Commuting to work is a very real part of American life for lots of people, yet seldom considered when they’re shopping for a new home.
Sure, it’s easy to get distracted by an amazing kitchen or a sexy backyard, but this is your opportunity to possibly cut the time it takes you to get to and from work. We’ve put together a few things you may want to consider as you choose your new neighborhood.
We think it’s a safe bet that not many homebuyers are seeking to increase their commute time to work. The more time we spend on the road, the less time we have to enjoy home and family. Keep in mind as you shop for your new neighborhood that gas prices aren’t as likely to decrease as they are to increase so the longer your commute, the higher your monthly gasoline expenses will be.
If you really want to know how long it will take you to get to work from a particular neighborhood, make the actual commute before committing to the purchase. When To Buy A House
Road conditions, freeways and highways
A freeway through a region actually has a positive impact on home values in the area, according to a study commissioned by the Arizona Department of Transportation. The study also found that homes adjacent to freeways are worth less than those further away. When deciding between neighborhoods, the home in a community with a freeway may hold its value better than the one in a freeway-less area, provided the home isn’t directly adjacent to the freeway.
Especially if you plan on buying in a rural area, be mindful that weather events may impede your commute.
If you don’t drive
If you utilize public transportation for your commute, the location of your home becomes an even more important factor. The proximity to the bus line, trains and other modes of public transportation should be considered carefully so you don’t end up with an even more horrendous commute. When To Buy A House
Chuck the commute
Working from home provides the ideal commute. There’s just nothing that compares to that short trek down the hallway to the home office. If your employer offers a telecommute option, consider taking advantage of it, at least on a part-time basis. There’s a lot to consider when hunting for a house and location, because it has a direct impact on your quality of life, is one of the most important considerations.
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5 tips to get financially ready to buy a home
The ability to pay your bills on time and still have money left over at the end of the month makes you financially solvent, important when considering the future purchase of a home. Being able to save money is vital, whether you intend on paying cash or using a mortgage when you buy. Proof that you pay your financial obligations on time and save money can lead to better loan rates and terms. When To Buy A House
Getting back on your feet after a financial disaster takes time. It involves patience, hard work and teaching yourself new habits. The sooner you start, though, the sooner you’ll have the keys to your new house. Continue reading…