What Should New Home Buyers Really Consider?
LOUISIANA REALTORS • November 20, 2017
We’ve never had more access to information when it comes to making a new purchase than we do today. Whether it’s a new phone, TV, or even a new car; we are now able to essentially make up our mind before we ever see the product. While this access to information is great, it can also force us into a decision we may not be ready to make or understand. Of course the larger the purchase, the more there is to consider, and this couldn’t be truer than when buying a new home.
This is where the expertise and experience of a REALTOR®
can really pay off. You may have your mind set on a certain size, floor plan, and amenities; but are you positive that these features will meet your needs and wants? Here are a few things to keep in mind as you shop for a new home.
Don’t get hung up on square footage
It’s easy to get a number stuck in your head when it comes to square footage. However, there are many other things to consider. How tall are the ceilings? Are there granite countertops? You can look at two identically sized homes and they can vary drastically in amenities and price. So be sure to have some other objectives in mind and don’t focus solely on size.
Focus on the floorplan
The floorplan in the home you choose is pretty much permanent; short of a major renovation. So even if you aren’t wild about the finishes, floors, or colors, choose a home with the right living room, kitchen, and bedrooms, and you can inexpensively update and upgrade the aesthetics.
Consider the neighborhood
Remember that you are going to be joining a community, not just buying a house. Understanding the values, interests, and ages of your new neighbors should be a key consideration; even if the house isn’t what you imagined, but the neighborhood
is. Accounting for schools, proximity to resources, transportation, and infrastructure should all by key metrics in your decision making process.
Stick with what’s important to you in a home
While a lot of what has been mentioned above urges you to keep an open mind, it is just as important to stick with the items that are non-negotiable. Does the sound of traffic bother you? Then don’t compromise on size and don’t accept a lower price if you still have to listen to it. Does a long commute not work for you? Stick to your guns and keep looking for something that meets these needs.
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Louisiana REALTORS® CEO Norman Morris issued the following statement after SpaceX announced plans to invest $100 billion in a new launch facility in Vermilion Parish. The project is expected to create 3,000 direct jobs and more than 8,100 indirect jobs across Acadiana. “SpaceX’s investment is an extraordinary economic win for Louisiana. We congratulate Governor Jeff Landry, Louisiana Economic Development Secretary Susan Bourgeois, Vermilion Parish leaders, and everyone who helped bring this historic project home. The housing and infrastructure improvements needed to support more than 11,000 new job opportunities should generate a huge economic boost to the Acadiana and Gulf Coast region. According to the National Association of REALTORS®, each typical Louisiana home sale generates approximately $88,600 in economic activity. Even if only half of the new SpaceX related jobs lead to a home purchase, the impact would generate nearly half a billion dollars across our state's economy. That improves our tax base and school systems, and ripples through our economy touching builders, bankers, hardware stores, appliance dealers, contractors and so many more. “Housing is not downstream of economic development; it is an essential infrastructure. Louisiana REALTORS® and our partners stand ready to help turn these new jobs into homes, stronger communities and lasting roots in Louisiana. Economic development creates jobs, but housing turns those jobs into homes. Let’s make Louisiana home again, together.” Economic-impact estimates are illustrative calculations by Louisiana REALTORS® using employment projections from Louisiana Economic Development and the National Association of REALTORS®’ estimated economic impact per typical Louisiana home sale. They are not forecasts or recurring annual-impact figures. Enjoy the video below from the Louisiana Department of Economic Development .
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