OK, we’re cruising around with a real estate agent, checking our potential house selections, the time is tight..so, what factors come into play when we assess the “go , no-go”? Wanna try your luck?
Hopefully you’ve already done the school research, commute comparison, tax shudder-dance and you’ve narrowed it down to a target area. The final answer is based on many factors which include:
Accessibility to transportation modes and highways
Is parking sufficient?
Proximity to schools, shopping, friends, family
Usability of the space in its new vs present configuration
Work from home ability
Long vs short term space usage
Cost, not just purchase and tax , but moving, additional utilities, taxes, location-transportation, parking, insurance, rent, etc
Regulations (i.e. do zoning regulations allow you do what you are intending to do- can you work from home with employees?)
Gut instinct and advice from neutral sources who you respect
Nearby development plans
Many customers rely too heavily on the cost paradigm and fail to look ahead as to the use and future planning. Will they possibly be expanding? What is the length of the projected stay? There is no substitute for legwork and due diligence.
So do the analysis, take a deep breath and try to imagine where you want to be in 5 years. Good luck. If you’re a little unsure and want to run it by us, please feel free to call and discuss your specific situation 914 674 2950.