You’ve waited a long time, you’ve saved up, you have a budget picked out and a killer credit score, and at long last, the time has come. You’re ready for a new home! Whether this is your first time buying a home or your seventh, there are still some tips that are essential to helping you choose the place where you want to settle down. Fortunately, the experts in real estate in the Memphis and Germantown area are here to help.
Figuring out where you want to live can be a bit stressful at times. After all, this is a huge financial decision that can end up affecting nearly every aspect of your life. You want a place to call your own, in a location that you love, and ultimately, a living arrangement that’s more “home” than “house.” It’s a very adult moment, and it can feel overwhelming, but have faith. Or rather, get Faith Management & Realty Group by your side to help. Take a look at our tips on finding the perfect location for you, and contact our team to get the ball moving!
Location, location, location.
There’s a reason some of the greatest films lead to production crews and actors relocating around the globe. Arguably one of the best movies ever made, “Star Wars Episode IV – A New Hope” gained notoriety for its cross-continental filming locations (taking place in Mexico, Guatemala, Tunisia, the United Kingdom, and the United States). “Game of Thrones” is famous for taking place in several countries—filmed in nine countries, to be exact. “The Godfather” was filmed in California, New York, and Sicily, and would have been an entirely different movie if the location was not made an integral part of production.
The point that homeowners and directors know alike is that location is everything. It’s not challenging to find a two-bedroom, two-bath home or a split level house, but the location is a significant factor into the final decision. Besides, home renovations can always happen, you can always add on that extra room or remodel the bathroom, but you can’t move your perfect home to your perfect address.
Not to mention, location plays a huge role in the overall value and appreciation of your home. In 10 years, your home could look virtually the same (albeit with some updates and upkeep along the way), and end up appreciating substantially—all based on the location. Keeping this in mind, take a look at how to distinguish and identify the best location for you and your family when looking to purchase a home.
If you have (or are planning on having) children:
This makes a significant impact in your location plans, because it’s no longer just about what you want. You might want a posh penthouse in the downtown Memphis area, but this might not necessarily align with what your family needs and the lifestyle you’re hoping to achieve. Here are some of the key factors to consider when thinking of a home when kids are in the picture.
The toys, the books, the rooms—those are all things that require space, but can also be found in most homes, regardless of where they’re located. There can be huge benefits to finding a place that has some green space—if not in the form of a yard, then a nearby park where your kids can walk to. Getting outside and playing is an essential part of childhood—not only for nostalgia’s sake, but from a developmental aspect as well. Playing outside encourages imagination, creativity, an active lifestyle, and socialization skills, all of which are critical to helping the overall development of your child.
Additionally, you might come across a place in the city that’s near a park, but has a busy intersection that you’re required to cross to get there. From a safety perspective, it could be in your best interests to find a place that’s a little less precarious and a little more playful. Keep green space in mind when looking for a place to live, and your kids will have more opportunity to grow in a holistic manner.
This is often considered one of the most classic things to look into when thinking about the location of your next home. Schools often get a rap for being “good” or “bad,” or for having teachers who care or teachers who don’t. The ultimate thing to keep in mind when looking at schools is that parents and families want the best for their children, nearly unanimously. Not everyone has the luxury of getting to choose where they live or the school they go to, and also, education is not delegated solely to the schools or the teachers, but is a journey that requires participation from multiple parties.
If you feel strongly about your child attending a public school, or conversely, a parochial one, or feel compelled to enroll your kids in some form of magnet program, it makes sense to consider this when working with a realtor in the process of buying a house. But there’s a bigger issue at hand when we consider not living in certain areas because the school’s struggling. It’s by no means up to you, or any one person to fix the problem with struggling schools as a whole. There is, however, something to be said when people collectively stop avoiding a location to live based on the neighborhood school. No matter how you’re feeling towards the education system, our real estate team and property management group can help you find the location you’re looking for. Feel free to contact us, or check out our listings page!
Other major considerations:
One of the most important things for many to consider about location involves its proximity to other, well, locations. Do you want to be able to walk places? Are you desperate for local dive or coffeeshop to be nearby, to eventually be a locale that you call your own? Do you mind being a 15-minute car ride away from conveniences, such as a grocery store or a gas station? These are all things to keep in mind as you’re choosing your location.
Factoring people into the home buying process is much less about whether the neighbors look like people who could throw down in a BBQ with you, and much more so about what you want your home interactions to look and sound like. Living downtown can have some excellent perks, until you’re exhausted and trying to sleep amidst the sounds of lively crowds in the streets nearby. Being in the country can be incredible, until you’ve come down with a virus and the nearest pharmacy is a 20-minute drive away. You might not have neighbors to help, which also might be exactly what you’re looking for. Definitely keep this in mind when looking around.
How important is having a yard to you? Have you always dreamt of a luscious backyard garden? Or is a moderate deck or rooftop space something that will suffice? We refer back to our previous point—you can renovate or remodel your dream home, but it’s much more difficult to do the same with your location. Weigh in and weigh out where property falls on your list of priorities.
At Faith Management & Realty Group, we’re sharing with you now what we’ve known for years—when it comes to real estate and buying a home or apartment, location makes a huge difference. Fortunately for our clients, we are dedicated and skilled in communicating with people, every step of the way, to assess and address your location needs. When you’re ready to buy a house, our team of realtors are more than ready to help. Contact Germantown’s real estate experts today to find the place you dream of, in the place you desire.