The old adage 'location, location, location' has become obsolete as the golden rule of buying real estate. While the location is still very important, homebuyers have a new set of priorities that influence their decisions.
Many families choose where to move based on school ratings and recommendations for the best districts. Locally, homes in top-performing school districts can be as much as 40% higher than in other areas. Buying a home in these areas represents a long-term investment and can add future value if you ever decide to sell.
Do you want to live in a rural area or is a neighborhood setting where the kids have plenty of friends important to you? Does your family enjoy community activities and gatherings? Would you really like to have a neighborhood pool and clubhouse close by? Different areas have different atmospheres, so look around when you're home shopping and see which one fits your lifestyle best.
Where do you like to drink your morning coffee? Does your family watch TV in separate rooms or all together? Do you absolutely love to take baths? Your new home will be a financial investment, but at the end of the day, it's where you live and breathe with your family. Make sure it's a good fit for the way you like to live and play.