The decision to purchase a new home is a complex one with many factors. Like any market, there is no one issue that determines the price. However, a home is a purchase the usually involves a lot of time and thought, so the factors are more nuanced than normal purchases. However, there are three factors that rise above all else.
1. School System
The school system is critical because it is key to a child's future. Any parent will think long and hard about the school system that they want to send their children to. If the system is unacceptable and the parents cannot afford private school, there is almost no way they will be willing to buy a home in that neighborhood. For that reason, a good local system lifts the values of homes tremendously.
2. Location and Proximity to Jobs
Cities often have clusters of office buildings that have great jobs. Some suburban areas also have corporate headquarters, high end service firms and engineering companies. Even some rural areas are close to oil rigs or manufacturing plants. No matter what, the prevalence a large supply of high paying jobs supports home values because they allow people to pay higher prices. Locations that have many of attractions, restaurants, museums events and community also support high prices because their is a stronger bond holding people to those regions.
Amenities on a home can be the difference between a standard price and a great value. Little things like a pool, custom moldings, automated sprinklers, security system, smart lighting and other features can make a tremendous difference. The discerning buyer will pick up on these differences and add to the price they are willing to pay.
The Lakes of Bella Terra is a well-maintained, splendid community in Richmond, Texas. For more information, please contact us.