Real Estate Essentials: Choosing the Right Location

When undertaking the experience of purchasing a home, there are lots of important decisions to make. For instance, if you want a detached home or a community lifestyle, how many rooms, what are you willing to spend? The first and most important question any buyer or investor should ask is what locality do I want to be in.


You hear real estate professionals stress this factor often, location, location, location! It truly is the single most important factor on any real estate purchase. If you put the exact same house on two different lots in different areas of town, they will hold different values. How do you decide what vicinity is the best for you?

Economic Factors

Does this city have a high percentage of unemployment? Are there a large number of foreclosures? This is a shaky topic for a lot of Americans right now. Many people have unfortunately been let go of their jobs and are forced to default on loans and are not finding work easily. However if an area’s unemployment rate is increasing, that means more people are struggling and home values decrease with them. Foreclosures have a direct impact on comparatives sales in an area used to appraise your homes value. When looking for a new home, examine these factors and ask a real estate professional to help you compile past data to support your home buying decision.

Education

School systems are always important to consider. If you already have children or plan to in the future, the explanation is not needed, you want the best education for your kids. Even if you don’t use the school system, they can affect your sales potential when you go to resell, always keep this in mind when viewing real estate.

Condition of Homes and Businesses

It is very important to examine the surrounding homes, businesses, and overall condition on surrounding area. This is a time to see yard maintenance of neighbors (this will affect home values), back streets and alleys, and also look for empty businesses in the area. All of these factors reflect the health of the neighborhood. Real estate values are subject to all the factors of a given area and appearance plays a big role!

Entertainment and Recreation

What entertainment options are important to you? Do you want to be near parks and reservation areas? Is shopping and restaurants a high priority to you? Do you enjoy the arts culture? All of these questions might seem minor compared to previous factors to define a district but in the long term, they will be a blessing or a curse depending on what you prefer to do in your spare time.

Here in Tampa Florida, SI Real Estate has experts in the local community. He can highlight some of the best areas for your desired needs and budget. We encourage you to look at New Tampa or Brandon and Riverview for some high demand communities. SI Real Estate utilizes our vast real estate experience and extensive Tampa Bay area knowledge to meet the needs of buyers, sellers, investors, landlords, tenants, and relocations. Contact SI Real Estate today to find your perfect location at (813)631-5144 or email us at Yourhome@SIRealEstateInvestments.com.

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SI Real Estate News in Tampa, Florida

Home Ownership Benefits Local Neighborhoods and Communities

A recent report by the NATIONAL ASSOCIATION OF REALTORS® (NAR) Social Benefits of Homeownership and Stable Housing explores the impact of home ownership on communities. Many home owners in Tampa, Florida who have made an investment in their future by purchasing a home rather than renting already know the positive impact home ownership has had on their lives, but are they aware of the positive impact real estate and home ownership is making in their community as a whole?

This report takes a close look at the ownership of homes and the impact of stable housing, as opposed to transitory housing and homelessness, on social outcomes looking at educational achievements, civic participation, health benefits, crime, public assistance, and property maintenance and improvement.

“Homeownership certainly contributes to positive social outcomes, but those outcomes are truly a result of stable housing communities,” said Vicki Cox Golder, President of the NAR. “With strong social ties and a cohesive community, home owners can enjoy not only the long-term financial benefit of owning a home, but also a more satisfying life – which is what’s really at the heart of the American Dream.” After all, homeownership has been a key element of the American Dream for decades and remains very much alive even today.

Homeownership plays a key role in educational achievement as students from families who own their homes are more likely to stay in school. Students from families that rent move more frequently and this has a negative impact on the level of stability and achievement in academic settings.

Civic participation is more likely from those who own their own homes, as opposed who rent as homeowners have a vested interest in their community. Homeowners are more likely to vote and be active in an effort to bring about positive change in their own communities.

Golder adds, “The research shows that home owners report higher self-esteem and happiness than renters, resulting in better overall health, both physically and psychologically.”

It only stands to reason that home owners are more vested both emotionally and financially in their property than renters. Therefore, property owners are more likely to establish crime prevention programs designed to keep their neighborhoods safe and their property values high. Neighborhoods with higher rates of renters tend to be less stable, and many times the result is social disorganization, which ultimately leads to higher rates of crime.

Those who own their own homes spend more time and money maintaining their homes than renters will. Property values and stability are therefore higher in neighborhoods with higher rates of homeownership.

SI Real Estate believes that homeownership is at the heart of the American Dream. Call an SI Real Estate Specialist today to learn how you can become a homeowner and start living the American Dream.

SI Real Estate is a full-service real estate company that can assist you with whatever your real estate needs may be. We provide the complete spectrum of real estate services, utilizing our thorough real estate experience and extensive Tampa Bay area knowledge to meet the needs of buyers, sellers, relocations, investors, landlords, and tenants.

Call us at 813.631.5144
E-mail us at YourHome@SIREalEstateInvestments.com
Visit us at http://www.sirealestateinvestments.com/

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