January 23, 2009
Buying a Home in a Small Community
If you are in the market for a new piece of property and never considered a small town, it might be worthwhile to explore your options. Owning property in a smaller community can have a lot of benefits that real estate in large city might not give you.
One big benefit can be the savings on the price of the home. In some cases, the asking price of a house in a smaller town will be quite a bit lower than in the big city. While this is not always true, it is worth looking at the market value of comparable homes in different communities.
Another factor can be the friendliness and neighborly attitude that is common in towns and smaller communities. With the people next door willing to keep an eye out for you and your children, you can feel safer raising your family in a small town than in the big city. Less traffic, smaller schools and shorter distances to get to the playground can leave you feeling more comfortable about your children’s safety.
If one of your main considerations is the long term growth of your home equity, then many small communities will be a good match. It is important to find out as much as you can about the local economy in this case, in order to see if the area will grow over time. Some small towns are growing, and some are slowly withering away.
If you are thinking about looking a little further into small town life, it might be worthwhile to visit a few communities. Taking a drive through a town can tell you a lot about it. Here are a few areas to check out.
Are the yards and streets neat and clean? Is there a modern school and playground, and where are they located? See if you can identify the hospital or medical center, the fire department and the recreational center.
I find small town life to be very rewarding, safe and peaceful. Others like to live in the big city. It is a matter of your priorities, and in many cases the location of your livelihood. If you need more information about a smaller community, ask a local real estate agent. Happy home hunting!
Filed under News, Real Estate by John Kron
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[...] is also called a commercial real estate broker or professional. As such, it is not therefore Buying a Home in a Small Community – financerevealed.com 01/23/2009 Buying a Home in a Small Community by John Kron If you are in the [...]