Location Location Location

Location? What Location?

July 2016

Location? What Location? Which Location?! It’s almost a joke these days, but one solidly mired in truth: the real estate mantra of location, location, location. It is of course the one thing about your new home that you can’t renovate or upgrade; that’s why considering exactly where you are buying is so crucial to your entire homeshopping experience. So when you’re thinking about location, does it mean more than which city or town you want to live in? Of course it does. Here are four factors to consider when shopping for your new home, all related to location, location, location! Urban? Suburban? Rural? You can live in Chicago, or Tucson, or Sacramento without being downtown. Whether you want to be right in the city, on the outskirts, or more of a commuter makes a big difference in home prices and sizes, and in the time it will take you to get around. Narrowing it down. Once you know whether you’re a city kid or a country kid, you’ll need to drill down another layer and figure out what you want in the area directly surrounding your home. Do you want to be close to the freeway? Is it important to be able to walk to a coffeeshop, or to have a local farmers market, or ride your bike to the grocery store? Making a list of the features characterizing the neighborhood you dream of living in will help you find that neighborhood, so you can become part of it. Look up the future. By this, we mean check into plans for infrastructure updates, commercial zoning, and other planned developments in the area. Building on empty lots is good; having a freeway come through your backyard is not so good. The worst house on the best block. This is also an old saying that’s still totally true. If you can buy the worst house on the best block, it’s far better than buying the best house on the worst block. You can work toward getting your home in line with your neighbors’; there’s no guarantee your neighbors will try to catch up with you. Whether you’re looking to settle down to stay for years to come or you’re considering your new home’s resale potential, you’ll always need to put consideration of location at the top of your list of features you’re considering when shopping for your new home. If you’d like to discuss your homebuying options further, get started on a preapproval, or get a recommendation for a knowledgeable and respected agent in our area, it takes just a phone call or email and I can offer you my services. I look forward to working with you.

Scott Melaragno Mortgage Loan Originator Home Point Financial 8351 North High Street Suite 101 Columbus, OH 43235 Office: 614-721-8604 Fax: 614-448-4571 NMLS: 83286 Contact Me My Website

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