OK, we’re cruising around with a real estate agent, checking our potential house selections, the time is, 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


Maintenance requirements

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.

Article by Steven Secon