Property taxes are a significant part of owning a home, and while they’re often something we pay every year without much thought, understanding how they work is essential. Whether you're
Homebuyer Compromises
Dated: December 9 2021
Views: 360
Homebuyers are struggling to find affordable housing. Unlike recent years when inventory was high and finding a great home was easier, now buyers are faced with very low inventory, high prices and lots of competition forcing many to either postpone homeownership or make compromises.
If you are faced with making decisions about what to give up when buying a home, here are 3 compromises that make sense, and 6 things not to.
3 Compromises
1. Yard Size – Outdoor space is wonderful, but if price is an issue, find a home close to a park or other common area.
2. Turnkey Design – Paint, fading carpet and other cosmetic issues can be addressed over time.
3. Extra Living Space – Consider carefully if you need the extra bedroom or great-room living space and compromise where you can.
6 Things You Never Compromise
1. Location – Real estate is always about the location; a smaller home in a great area will hold value.
2. Parking – Always make sure you have access to adequate parking for your needs.
3. School District – Regardless of whether you have children, future buyers will care about schools.
4. Commute – Quality of life is very important. Don’t cut into family time with a long commute.
5. Building Quality – Good bones make a difference; cosmetic issues can be changed.
6. Safety – Never compromise on safety.
Buying a home in this market can bring compromises. Before shopping, consider where you can make compromises so that you are able to build your financial future with homeownership.
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Sweet Magnolia Homes brings a local knowledge to the markets we serve that has been obtained from years of living and working in Atlanta and the surrounding suburbs. This means our agents are intimate....
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