Three Overlooked Factors to Consider Before Buying Your Next Home

When you’re looking for smithfield va homes for sale, there are many options to weigh before reaching a final decision. General location, square footage and the number of bedrooms and bathrooms are typically the most important criteria to consider when looking at potential homes. Lot size, storage space and school districts are also at the top of most people’s list. But there are other circumstances that should also have a major impact on your decision. Whether you’ve just started searching or you’ve narrowed your choices down, here are some factors to ponder that are often overlooked by home buyers.

 

Property Taxes

Property tax values can vary drastically from one county or region to another. If you’re buying right on the border of a city or district, it’s worth comparing the average tax rates between one area and the next. Property taxes have a huge impact on your monthly mortgage payment, and can end up being the deciding factor on what you can and can’t afford to buy.

 

Commute Time Versus Distance

While the mileage from your current job to your potential new home can give you a general idea of where you want to buy, it’s important to calculate exactly how long the trip will take. Average traffic and the overall layout of the roads in the area may not guarantee that it will take you significantly less or more time to commute to work just because you’ve moved a few miles. Research the average travel time during peak hours to help inform your decision.

 

City Laws and Ordinances

Water, sanitation and even parking laws can vary in different yet nearby areas. Be sure to check government websites to learn what to expect if you choose a particular home in a new city, county or district. In addition, you’ll want to find out if your home is in a neighborhood with an HOA and what rules they have in place that could impact you.

Be sure to research every aspect of your potential new home to help avoid buyer’s remorse.

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