Economy a Mixed Bag, Buy Smart.
Buying Real Estate
Last weeks’ national numbers on employment were not what the economists expected. With things in Europe unstable, we’re only guessing where the economy will go from here. Having said that, our area, the Metro West area of Boston continues to move in a positive direction. Interest rates are still at record lows, so if you’re considering buying in this area it’s a good decision to do so.
Here are some very important things to think about when buying to guard against losing value after you buy that property.
- Buy on a quiet street, no double lines.
- Make sure the property has ample parking.
- Buy a home close to public transportation or highway, but not on it.
If the street that the house you like has a lot of traffic or a double line, really consider this because it will most likely only get worse over time. If you’re looking at a multi-family home with 2 units, each with 3 bedrooms and you only have a total of 3 parking spaces for the entire house, you’re going to have parking issues and that too, will only get worse over time. Today many younger buyers are conscious of their “carbon foot print” because of this they use public transportation and we all want as short a commute as possible.
Thanks for reading,
Owner/Broker, Certified Buyer Representative