You are probably in the dilemma whether to buy in the city or in the suburbs. We tell you that there are reports that say younger buyers prefer to stay in the city to be closer to the action … But, there is also a recent report from the National Association of REALTORS® where it says that young people are buying more and more in the suburbs. We could tell you that, in our experience, this is because houses are cheaper on the outskirts of the city and this is a factor that cannot be ignored.
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So how to decide where to move? Here we bring you 7 tips that can help you:
Choose a place that is near the places you need to go in a daily basis.
This will depend on whether you have family or not. For example, in the city, you can be close to bars, shops, restaurants, and everything else that makes this area so dynamic. Of course, the number of people living there can make it difficult to find where to park and outdoor space is limited; making this unattractive if you have family.
According to a new study by the University of Bristol, in England, when it comes to measuring job satisfaction, the following comparison can be drawn: an additional 20-minute daily trip is equivalent to a 19 percent salary cut.
They discovered that every extra minute of travel time reduced satisfaction, both work and leisure. On the contrary, if time increased, tension increased and mental health worsened. The study found that those who walk or cycle to work do not report reductions in the satisfaction of leisure time in the same way as other passengers, even with the same length of travel.
Schools tend to be better in the suburbs. And it’s something that shouldn’t surprise us, since urban districts tend to have lower graduation rates than suburban ones. The reason? They often have more disadvantaged and less resourceful students. If you are going to want to live in the city, you will surely have to place your children in a private school or look for a public school that is of a good category.
The closer you are to the city center, the smaller the properties will be. This is no problem for single people or couples; But it definitely will be for a family. Homes in the suburbs apart from being bigger will provide your children with the space and security they need to grow.
This is an extremely important point that you should consider before buying a house. Normally when interviewers do their interviews, they ask clients where do you work? How long do you drive to get to your house and are you sure you don’t mind driving XX minutes? Wondering how much time you are willing to drive every day and think about your family’s needs can help you decide where to live.
In some urban areas, the parks will give you a break from so many buildings and commercial spaces. However, living in the city often means having to make concessions, and broad access to nature is one of them.
Crime rates and data vary depending on location, in general, suburbs have a reputation for being safer. Obviously if this is a problem for you, I recommend you find out the areas well, to ensure the safety of your family. That’s why it is so important to work with a real estate agent who knows the area, that person will give you the data you need such as: proximity to downtown, transit, shopping, services and schools. In addition, we advise you to drive through the urbanizations you are considering and see if you visualise yourself and your family living there.
How old the properties are?
If you want something newer, it will be harder to find it in the city. The new projects are going to depend on the location and these tend to be rarer in the city in large part because of their cost. Why? The land in these areas is relatively scarce and then, the cost has to be passed to the buyer, that we return back to the point of affordability that we talked about at the beginning of the note.
If you are considering buying a new home, it is a good idea to start thinking about the differences between living in the suburbs and living in an urban community. There are other aspects you should consider as well such as:
Urban communities have a significantly greater number of people than suburbs. While an urban community typically has more opportunities to buy a condominium or a village house, living in the suburbs offers a quieter lifestyle with single-family homes being a more common purchase.
When you live in an urban community, everything tends to be a little more expensive than if you lived in the suburbs. You can spend more money on gas, restaurants and groceries. In general, it is generally a higher cost of living. However, the variety of markets, boutiques and cultural opportunities are extremely attractive to some people. Although there may be more variety in an urban community that lives in the suburbs, residents are offered better access to larger chain stores. When it comes to choosing where to live, you need to determine which of these amenities are most important to you and your family.
There are some communities can offer the best of what suburbs offer and an urban community. It is important to know which one best suit your lifestyle, and investigate your options!
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