Personal Factors to Consider in Your Decision of Buying a Home

Space is a very important thing that should be considered when you are buying a house. How much space do you need? Does it bother you to have very little space to the point where you have to live minimally? Does it bother you to live in small quarters? More space means more upkeep. Is having more space worth it even if means that you may have to do more to keep up the house?

The question of how much space you want or need depends a lot on what you want to use the house for. For example, if you are thinking about having children, this may play a role in how much space you want in a home. Technically, you can fit a lot of people into a small space. However, some people who are thinking of having four or five children may want to have more space than what a small trailer, tiny house or studio apartment can give.

Policies

When buying a home, you should consider local policies. For example, if you buy a condo or a co-op, there may be certain laws and policies that the board of the condo/co-op lays down. Rules that boards lay down might get in the way of your lifestyle.

If you are buying a house, there may be particular rules and laws that you have to abide by in your local municipality. For example, some local municipalities do not allow people to park on the streets at night between specific times. Also, some localities may put restrictions on what modifications you can do to your home, how high fences can be, and hall tall grass can grow. You may have to pay extra fees for licenses if you want to do something to your property that is not easily allowed. If you have the money to pay these fees, you should find out the conditions surrounding the fees and how much they are. For example, if you have to pay a lot of money for a license to build a two-car garage, you would want to ask what is the cost of a two car garage, just so that you don’t get into trouble with your local municipality. You should figure out whether local rules get in the way of your lifestyle, or not.

Safety

Safety is a huge concern when you are looking to buy a home. You must look at the neighborhood and think of various factors that affect its level of safety. For example, is the neighborhood in a well-lit area with plenty of businesses? Are there any 24-hour businesses close to where you are looking to buy? Places that are 24-hours may act as safe havens if you are walking around at night and someone is trying to harass you. There are also other factors, such as crime statistics. If you look at crime statistics, look at various sources. Also, how populated are the areas? A low population can either be a town’s biggest asset or largest downfall when it comes to safety.

 

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