Tuesday, February 23, 2010

Buying a new house?

I plan on buying a new house within the next several months.





Should i buy a close in home to the city prices ranging 700k - 1mil, or a country home on lots of land for 500k-800k?





these will be 3500 square feet or larger houses either wayBuying a new house?
What a luxury, to have to choose.





There are a couple factors at work here. One is that the distant country home may turn your commute into a fairly large expense, both in terms of time and money, either wear and tear on your car or paying for other transportation. The shopping will be different--a drug store run, or going to a movie, may become a big deal. In the event of a medical emergency, you've got a lot longer wait. People may not care to visit you if it means a long drive. Your expenses to maintain a grassy lawn nearest the house will be large, or a lot of work. Pest critters are common and can destroy your landscaping. However, it's a lot cheaper and blissfully quiet, and crime is probably lower.





Flip those factors for the place in town. Convenient shopping and entertainment. Close to the stuff you need, like work, doctors, friends, whatever. Possible difficulty finding a place to park, or for guests to park. Smaller lots mean you will definitely hear your neighbors, so you'd better hope nobody's into loud music or argues a lot. Increased risk of crime, with correspondingly higher insurance.Buying a new house?
I guess it really depends on your preference. Obviously, either way, you can afford the mortgage, but which scenario appeals more to you? If you're single, seems you would rather enjoy the hustle and bustle of the city. With a family, you might enjoy the country more. I have the best of both...My new house is in a suburb of Houston, so I'm close enough to the conveniences of the city, but I enjoy the peace %26amp; quiet of a smaller town.





Good Luck!
Only you can make that choice.


Things to take into consideration are


- whether you prefer town or country life


- where your place of work is


- how far you will have to travel for work, for leisure, for schools for kids


- which area has the best record of maintaining or increasing property prices





In the end, it may just be a case of which property you fall in love with!


Good luck.
If you don't mind the commute and being out in the country (think about grocery store trips, doctor visits, school obligations, etc.), get a country home.





For many, it is nice to not be so close in.
So, if YOU want to live in a city, but I tell you to buy in the country... you'll do what I tell you?...


No? Then what's the point of your question?

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