How to Choose Between Buying Real Estate in Two Different Cities
Choosing your new home is difficult enough, with trying to determine what you really need versus what is a luxury, or deciding whether you want a fixer-upper or something that is ready to be lived in. Add into that mix the uncertainty of what city to live in makes the situation very complex. Here are some tips for helping you decide which city to buy your new home in.
Speak to a Local Real Estate Agent
You can speak to multiple agents to ask their opinions about the local area. This is their expertise — knowing the area, what’s good, which areas are up and coming, and which areas are on a downward spiral. They will have a wealth of knowledge about each area and what you can expect there, so don’t be afraid to ask them lots of questions.
Stay in the Area
If you have the money to do so, try staying in a hotel in the two cities. This will give you a feel for what day-to-day life is like in each one. Go to a local bar, check out the restaurants, and find out what is going on socially.
Check Local School Reports
If you have children, it’s a good idea to look at the local school reports to see how they’re performing. You should also visit them to see if you feel your children would settle in well there.
Read Books and Local Magazines
Almost every city has its own magazine that is published monthly to let residents know what’s going on over the coming months. This might include building work, demolition work, road closures, new shops, new theatre productions coming to town, and many other things. Get ahold of this magazine and see what you think.
Other things you can look for are travel books. While designed for tourists, they’re a great resource for all things going on in a location, including things like the history of the city.
Speak to Locals
When speaking to a real estate agent, you could ask for some places to meet locals. Often, a local restaurant or community venue will do the trick. Speak to the locals and ask their opinion of the place you’re looking to buy real estate. Do they like where they live, and how has it changed over the years?
Join Groups on Social Media
There are plenty of groups on social media to help you meet people. These can include groups for those that are new to the area, or they could be groups for a particular interest or hobby. There’s no sense in letting your hobbies stay in the city you move away from — take them with you and make new friends!
By following some of these tips, you can begin to get a picture of what life would be like in the two different cities you’re thinking of living in. Of course, you’ll want to discuss both areas with a real estate agent to get a better idea of how real estate opportunities compare in each one. It’s a big decision, but by doing plenty of research, you’ll hopefully be able to make the right choice.