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What’s the optimal commute time for most people to get to and from work? According to many surveys and research studies, this amount of time is around 30 minutes at the most. The closer you live to your job, the happier you’ll be (that is of course if you do like your job!) If you live further from work, you may think that the bigger house is worth it because of your paycheck. If your commute is miserable, however, you may want to rethink your journey.
You’ll choose where you live based on a variety of factors including the neighborhood dynamics, the school system and the safety of the area. You may be willing to sacrifice one of these factors to gain another.
Metropolitan Or The Suburbs?
Generally speaking, the center of jobs tends to be in metropolitan areas. Yet, better schools and neighborhoods are often seen outside of the city. This makes for longer commute times. Depending upon which city you’re talking about, commute times can vary widely. New York and Los Angeles may beat smaller cities like Cleveland or Kansas City in the average number of minutes that people commute to work.
Don’t Worry, Be Happy
Your happiness factor is very important when it comes to your living situation and your commute time. Whatever is most important to you should go on the top of your property search list. If you don’t mind spending an hour in the car each way to get to and from work, then you can live a bit farther away without much issue. You’ll also need to add in factors like public transportation, if that’s important to you.
If you do prefer to take public transportation to get where you need to go, you may need to weigh a few factors. You’ll need to look in areas where trains and buses are more accessible. Living closer to public transportation can often come at a bit of a higher price tag. However, you’ll be able to save some money on the cost of keeping a vehicle. All of these factors need to be kept in mind when you’re beginning your house search and making your wishlist.
Remember that the area of the country that you choose to live in has an effect on your commute. While some cities have more traffic than others, jobs my be more plentiful in a wider area, making it easier and more affordable to live closer to work. New York City has a much different dynamic than Tulsa, let’s say.
Working From Home
In the most ideal of situations, maybe your commute is only to your home office! In this case, you’ll only need to be mindful of how far it is to get to the places you need to visit most often. You’ll also want to find a home that has a good space for you to have your office in.
We all need to work in order to pay for the beautiful homes that we own. Why not make it much easier to get to and from work, and be mindful of commute times in your home search? With today’s technology, it’s a whole lot easier to get this information, so do your research! Happy house hunting!
Ready to buy a home? Ultimately, you'll want to prepare for the homebuying process. By doing so, you can avoid many costly mistakes.
Believe it or not, it is easy to make mistakes as you browse the housing market. Some of the expensive mistakes that homebuyers frequently make include:
1. Overspending on a Residence
No one should be forced to overspend on a home. Unfortunately, if you fail to study the real estate market, you risk paying too much to acquire your dream house.
Remember, an informed homebuyer will be better equipped to optimize the value of his or her real estate investment than others. And if you understand the costs of properties in your area, you can avoid the temptation to overspend.
Explore the real estate market closely and assess the prices of similar houses. By doing so, you can understand the price range of homes that fall within your budget and plan accordingly.
Also, work with an experienced real estate agent. This real estate professional will help you determine how much you can spend on a home and can provide you with details about properties that match your budget.
2. Failure to Get Pre-Approved for a Mortgage
After you find your dream home, you'll need to figure out how to pay for it. And if you struggle to obtain a mortgage before you start your home search, you might miss out on the opportunity to purchase your dream residence.
Meeting with banks and credit unions prior to checking out properties is ideal. This will allow you to obtain a mortgage and search for houses that fit your price range.
Moreover, getting pre-approved for a mortgage may help you stand out in the eyes of a home seller, as he or she won't have to wait for you to secure financing to finalize a purchase agreement.
3. Lack of Realistic Expectations
As a homebuyer, it is important to understand that every house has its pros and cons. But if you fail to establish realistic expectations for the homebuying process, it may be impossible for you to find the right property at the right price.
Separating your homebuying wants from your homebuying needs is vital. If you determine exactly what you'd like to find in your dream home before you explore the real estate market, you can narrow your search and streamline the process of acquiring the perfect residence.
Furthermore, hiring a real estate agent can make a world of difference for homebuyers. Your real estate agent can keep you up to date about new homes as they become available, set up home showings and help you submit offers on residences. This real estate professional also can offer homebuying recommendations, ensuring that you can minimize the risk of homebuying mistakes.
With a real estate agent at your side, you can accelerate the process of going from homebuyer to homeowner. Collaborate with a real estate agent today, and you should have no trouble securing your ideal residence.