A client who has a ton of business experiences around the world made 2 great points as we discussed his housing goals.
The first one he had was on how to find the perfect home, "stand on the porch and look out into the neighborhood, if you like what you see go for the home because you can always change what is behind you." (behind you would be the house itself) This is especially true for locations with fantastic views and water front. I have previously posted that buyers should find a sense of enjoyment in the neighborhood when driving to the potential 'house of choice' and less on the house itself. When you have had a long week, long day, a big reason to buy (That American Dream) is really liking the neighborhood surrounding your home (like the streets for a walk, like the playground nearby for your kids, like the shopping, on and on). Standing at the front door with the house behind you and looking out is a better way to state this point.
Last, if you want a larger yard consider reducing expectations on year built for your search criteria. Generally speaking the more recent developments have reduced the lot size to maximize R.O.I.. Better common area parks are being offered and smaller lots are being sold than in the past. You might have to settle on how upgraded the home is. This brings us back to what are your top 5 must haves before considering an offer? In the current market with higher inventories you might have a chance at a remodeled house in these older areas that is priced close to non updated houses.
Monday, October 3, 2011
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