As you view the current selection of homes for sale, it's easy to get caught up in the here and now and forget to consider what your life will be like in the next few years. However, there are 5 essential factors that can drastically affect how comfortable your life will be in the next several years. Let's explore each of these factors in more detail:
1) What's your ideal lifestyle? - Think about what you'd like your social life to look like. if you want to be able to party on the weekends and enjoy the local nightclubs and bars, you'll probably want a home close enough to walk home. If your job requires traveling, buying a townhouse or condo near the airport would save you lots of travel time.
2) Number Of Household Members - If you don't plan to marry, live with a partner, raise a family, or have your parents move in, a home with less square footage may be fine. But if you expect your household to grow, be sure to evaluate other features such as quality of public schools, number of bedrooms, bathrooms, and lot size.
3) Functional Layout - What daily activities will you be conducting in your home? It's important to select a home that allows room for your hobbies, home office, parties, or gourmet cooking. It wouldn't make sense to choose a home with a small kitchen if you frequently entertain friends and family.
4) Daily Activities - Do you love remodeling vintage homes to their original condition? Do you have plans for a backyard paradise? Then you might consider buying a home in the outskirts of town with a larger yard. But if you like being close to the nightlife or hosting big parties, a home in the busy city may be more suitable.
5) Is This Your First Home? - As a new homebuyer, you dream of buying a home with plenty of square footage and ample yard space. However, your budget may force you to consider a smaller home. If this is your circumstances, you may need to purchase a smaller home in a good area that needs some simple cosmetic work. As you restore your home to a pristine condition, you can sell the property for a good profit and use the money as a down payment to buy a larger home.
By addressing these 5 lifestyle facts, you'll be able to select the best property to suit your future needs. A great exercise would be to imagine where you'd like to be in the next 5 years. Practice this with a friend or partner and let your imagination run free without being unrealistic. You may be surprised to discover additional lifestyle goals that will define what type of home you want.
1) What's your ideal lifestyle? - Think about what you'd like your social life to look like. if you want to be able to party on the weekends and enjoy the local nightclubs and bars, you'll probably want a home close enough to walk home. If your job requires traveling, buying a townhouse or condo near the airport would save you lots of travel time.
2) Number Of Household Members - If you don't plan to marry, live with a partner, raise a family, or have your parents move in, a home with less square footage may be fine. But if you expect your household to grow, be sure to evaluate other features such as quality of public schools, number of bedrooms, bathrooms, and lot size.
3) Functional Layout - What daily activities will you be conducting in your home? It's important to select a home that allows room for your hobbies, home office, parties, or gourmet cooking. It wouldn't make sense to choose a home with a small kitchen if you frequently entertain friends and family.
4) Daily Activities - Do you love remodeling vintage homes to their original condition? Do you have plans for a backyard paradise? Then you might consider buying a home in the outskirts of town with a larger yard. But if you like being close to the nightlife or hosting big parties, a home in the busy city may be more suitable.
5) Is This Your First Home? - As a new homebuyer, you dream of buying a home with plenty of square footage and ample yard space. However, your budget may force you to consider a smaller home. If this is your circumstances, you may need to purchase a smaller home in a good area that needs some simple cosmetic work. As you restore your home to a pristine condition, you can sell the property for a good profit and use the money as a down payment to buy a larger home.
By addressing these 5 lifestyle facts, you'll be able to select the best property to suit your future needs. A great exercise would be to imagine where you'd like to be in the next 5 years. Practice this with a friend or partner and let your imagination run free without being unrealistic. You may be surprised to discover additional lifestyle goals that will define what type of home you want.
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