Thursday, April 14, 2016 / by GetWrittn Blog
When young families purchase a home, they want to believe it will be forever (or until the kids move out). I’ll detail what to look for in a forever home (vs. a starter or retirement home).
Buyers can definitely be emotional beings, especially if they’ve got a family in tow. If you’ve already outgrown your starter home and are looking to move up to that forever home, or are a first-time homebuyer looking to stay settled until the kids leave the nest, there are a few things you need to look for when buying your forever home.
If you have plans for a large family or already have that large family or could have an unexpected surprise in the next few years, you should always ensure that you have enough living space for everyone. Mostly, this includes having a bedroom for everyone. If your kids will be sharing, ensure that you’ve already tested this out and that it won’t cause you immense stress later when you don’t have any other choice.
If you love a landscaped and treed look, don’t buy a home in a newer subdivision where you won’t see those trees be grown for another 20 years. On the flipside, if this is your forever home, it is always nice to plant your trees and greenery and watch it grow over the years, knowing that you planted it. As well, you can’t ever change your yard space, so ensure that you have enough space for whatever it is that you like to do in your backyard.
You’ll really want to make sure that you love the area, the community and specifically your neighborhood if you plan to live there “forever”. Getting your family settled and making friends can be a daunting task and if you don’t love where you live, moving is your only option. Check out the schools, the parks and the shops nearby. Consider how far your commute to work is and make sure it is doable for another 20 years or more. Also consider what kind of opportunities there are for your children in terms of recreation or even with colleges for later down the road. Questions to ask about a neighborhood:
· Are there kids playing outside?
· Do the streets look clean or littered with garbage?
· Do the neighbors care about their lawns and landscaping?
· How far is the school from the home?
· Is it in a good school zone?
· What kind of development will there be in the next 5 – 10 years?
If you were to unfortunately lose your job, would you be able to get another one within close enough distance of your home? Will your kids be able to get jobs that are great for teenagers once they reach the age, or will you be spending too much time driving them to and from work? If you want to stay in your home very long-term, consider the unfortunate circumstances that could happen and how you can stay in your house if so. As well, ensure that your budget is not at the maximum so that if your hours were to decrease in your current job, you can still make payments on your mortgage.
If you are interested in finding your forever home and selling your current one, contact us for a free no-obligation quote.