Location & Neighborhood

Suburbs or Country

PROS: These homes are typically going to be less expensive. For the most part they’re newer and you’re going to get more for your money.
CONS: You may want to invest in Satellite radio for the time you’re going to be stuck in traffic. Think about getting a hotel if you’re going to have a fun night on the town.

Urban

PROS: You will be a lot closer to your job. You can even walk to restaurants, theaters, and possibly schools. These homes typically have unique features.
CONS: Don’t expect to have a nice quiet Sunday afternoon. The crime rate may be higher and the homes more expensive.

Busy Streets

PROS: If you can live with the noise, these homes are typically cheaper. We’re talking about thousands of dollars here.
CONS: These homes are always going to be priced lower than any others on the market. Bedrooms that are next to the street may be a burden on the sleep.

Cul de sac

PROS: Buyers with children always love the cul de sac.
CONS: You have less privacy and the neighbors will get to know you whether you like it or not.

Corner lots

PROS: The lots are typically bigger and you have more visibility.
CONS: There could be more traffic passing your home. More sidewalk to shovel in the winter.

 Type of Home

Single Family

PROS: Good appreciation. Opportunity for gardens. More privacy. Quieter.
CONS: More expensive than our next category. More maintenance.

Condos, Townhomes, Cooperatives

PROS: Less expensive than comparable single-family homes. Generally newer so fewer repairs. Lock-n-go lifestyle. No yard or exterior maintenance.
CONS: Less privacy. Noisier. Common walls and/or floors and ceilings. Sometimes no private yard or balcony.

Number of Stories

Single Story

PROS: It’s easier for people who have bad knees. Wheelchair accessible.
CONS: Noise really can’t be secluded if a TV or stereo is on. Safety may be an issue if the area isn’t great. The living space takes up a lot of the lot.

More than One Story

PROS: There is more living space. Less noise since the bedrooms are on a different level than the living area. More living space on same foundation than a ranch home.
CONS: You’ll have to be in shape going up and down the stairs. The gas and electric bills may be high due to maintaining the same temperature throughout the home.

Split Levels

PROS: These are typically less expensive and the separation of the rooms helps with the noise levels. There is more square footage with the different levels.
CONS: It’s a hassle take everything up and down the stairs. The kitchens tend to be a little on the small side.

Interior Specifications

Number of Bedrooms

PROS: The typical amount of bedrooms requested is 3. People prefer to have the master bedroom on the main floor.
CONS: 2 bedrooms and fewer are primarily for first-time home buyers or singles. However, nothing is wrong with 2 bedrooms or fewer, it just suit people without big families.

Number of Bathrooms

PROS: Usually more than 1 bathroom is preferred but one bathroom homes are priced lower.
CONS: It can cost less to add a bathroom after you purchase the home.

Garage

Attached

PROS: Protects your nice luxury car. Don’t have to be in the rain or snow to get in your car.
CONS: They can be noisy if someone comes home late at night.

Detached

PROS: These can be hidden from visibility. They are also quieter.
CONS: You’re going to pay a pretty penny for these. Not ideal if you don’t like walking in the rain or snow.