Buying In -- 5 Ways To The Find The Right Location For Your First Home

Posted on: 22 June 2016

As a first-time home buyer, it can be daunting to try to figure out where you want to make such a major investment. Everyone knows the old real estate adage, "location, location, location." But what does that mean for you? Here are 5 location-picking tips for any budget.

Research the neighborhood. A lot of information can be found online nowadays to help you select a good neighborhood. Crime statistics, ownership demographics, income information and purchase vs selling prices can all be found with some internet digging. In addition, look through the neighborhood to see what amenities it has, how many "for sale" or "for rent" signs are up and whether new construction indicates that it's a growing area. You can also talk to potential neighbors to see what their opinions on the neighborhood are. 

Consider the schools. Whether or not you're planning to have kids, it's a good idea to research the local public schools. Obviously, it will matter down the road if you have little ones of your own. But good public schools can also mean a lot to the value of your home when you try to sell. 

Visit during different times of day. A neighborhood can seem quiet and friendly during a daytime drive-through when everyone is gone at school or work. But the evenings or weekends can be a whole different matter. So be sure to visit the area and check out its parks, businesses and restaurants at different times -- even in different seasons if possible. 

Check the proximity. Proximity to what? It depends on your individual interests and needs. Consider the distances to such things as your workplace, schools, grocery stores, recreational activities you enjoy and other places you visit regularly. You may also want to think about the distance to visit friends and family -- which can have more of an impact than you realize if you're making a big move. 

Look for things to do. Most young homeowners want to enjoy an active social and recreational life, so take this into consideration. Look for a neighborhood that fits your own leisure style -- whether it's the condition of the local library or nearby hiking trails. Can you easily access social activities, meet friends, go out for dinner or find fun local markets? Check out local venues to see what types of gatherings tend to be on tap in your potential home area.

By knowing what you should look for to find your own personal "right location," you can find the house of your dreams no matter what your budget and your personality style is. Visit for more information.