Lauren Demerjian, BROKER's Blog
Are you planning to move away from the bustle and frenzy of a major commercial city and want to settle in some peaceful, serene environment? If you answered yes, purchasing a home in suburban neighborhoods is probably on your to-do list already.
Buying a home is a substantial investment; therefore, it requires proper planning and careful considerations before jumping into it so as not to incur significant losses. There are many factors to consider before buying a home, especially in the suburbs, and highlighted below are some of the most crucial to be aware of:
One thing that most homebuyers want is enough space for their vehicles. In some suburban areas, there is ample space for street parking. However, in other places, the reverse is the case. If the home doesn't have a parking space or garage, you should look for street parking at various times of the day. The presence of none indicates that you should look for hidden parking. Some neighborhoods are served by rail service too but parking a car near the station to ease your commute might pose a challenge. Avoid the mistake of assuming you will always find parking.
Some suburban areas are at risk of flooding. This risk is because there may be natural water sources that rise quickly when it rains heavily. Since the safety of both your family and your soon to be acquired property is a priority, it is essential to check for flooding risks before buying the home.
Need for renovation
Suburbs usually have a lot of older buildings and construction, which brings with it the need to renovate some homes when you purchase. If you do not have home renovations in your budget, find yourself a good home without the need for many improvements. However, if you do not mind making improvements, there is no harm in spending on your comfort and style choices.
Schools, shopping facilities, recreational centers, and other essential places may be a considerable distance from your home. Buying a home where these facilities are not readily available will not only isolate you, but it will incur more costs ongoing. Spend time researching the entire community before making such a move so that you know where to find services and shopping.
The condition of the structure and yard
You probably have a kind of structure in mind before going through a real estate site with home listings, which will help to narrow your search and ensure you get what you want. Many homebuyers choose the suburbs because of the tranquility and greenery — some want to tend to their gardens. If a suburban landscape is on your list, you should make sure the yard has enough space for a garden and a lawn you can craft to reflect your taste.
Discuss all your property needs—and desires—with your real estate agent to know what is on the market that meets your requirements.