Buying a family home for the very first time is stressful, especially because you have so many important factors to consider before making an offer, so continue reading for a list of things that you should think about prior to buying your first family home.
Do You Want a New Construction or Luxury Home?
New construction homes are great because they can give you all of the features you want, particularly if they are located in gated or luxury communities. But even if you do not go the route of a newly built property, there are plenty of resale homes out there that you might find attractive though you won’t get exactly what you want. Quite often, subdivisions have both lots available for new custom homes, spec homes, and resale homes to choose from. For example, my uncle just bought a property in Bella Montagna in Lakeway, Texas, and was able to get a great deal on a spec home because the custom home builder was trying to focus on a new community.
It’s All About Location
When buying a family home, it is really all about location. You may not be able to raise a family comfortably by purchasing a small townhouse or condo in the middle of a bustling city, so you may need to expand your search into suburban or even rural areas. Make sure that these areas have great schools in town so that your kids can get a top quality education. Being close to parks is also great, as it gives your kids a chance to go beyond the backyard and into a new outdoor play area to spend time with friends and exercise. Just be prepared to pay higher property taxes to get the perks that you are searching for, so take those costs into consideration too.
How Far Will You Be from Your Job?
If you commute to work, you will need to find a home that is within a decent driving or commuting distance. If you are planning on taking public transportation to work, you will need to find a home where you can access this public transport system easily. And if you want to drive to work, you should consider the amount of traffic that you will encounter on the way to your job and on the way home. After all, you are buying a family home so that you can spend as much time with your family as possible, so you do not want to be too far away from your job because that could take you away from your family.
Are You Willing to Make Renovations?
When considering the price of your home and whether or not you can afford it, reflect upon whether or not you have a budget for renovations. Do you want to be able to move right in? Then you will likely have to pay more for that type of home. Otherwise, you may need to hold off on starting your family while you renovate your property to suit your needs.