If you are thinking about buying real estate there are three things to remember, location, location, and location. Location is a key factor in the value of your new home and how easy it will be to sell when the time comes to do so. Whether you are in a city, suburb, or country area, location really does matter. The York area has consistently been a bargain. Typically, you will find home prices in York 25-30% lower than the Gettysburg  or Lancaster areas.  For a comparable home, we are 30-35% lower than the Harrisburg area.  More dramatic, we are 30-45% lower than the Northern Maryland market. Bottom line, your housing dollar goes further in the York area.

Want to know what to look for? The most desirable neighborhoods have good schools, an attractive appearance, convenient accessibility and a variety of amenities. When looking at real estate in an ideal neighborhood you will choose a home with a nice location within it. If you choose a home that backs up to commercial space know that it will not appreciate as much as a home at the end of a quiet street.

If you don’t have children and don’t plan on having children a good school district is still key. Schools matter to most people who are looking for homes and the better the school district, typically the more stable the home values will remain.

Buying a home is one of the biggest investments a person can make, so do your research. Everyone is looking for different things from a home but we all want our home to retain its value. Look around at the areas that never dropped, or rebounded faster, and you will probably learn something about your local real estate market.

Sourced from: Kinetic Content Library