Is distance a factor in buying a home, or is it the cost?

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   freepropertycheckposted 14 years ago

   Is distance a factor in buying a home, or is it the cost?

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2. 60

   prosmentorposted 14 years ago

   You consider both factors. Will you be willing to move from your home to your place of business? Can you afford the cost in short term or long term? Enjoy!

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   fdoleacposted 14 years ago

   Distance is not as much a factor as time.  You can live 5 miles from work and it could tak 30 minutes to get there.  Typically, property in areas that are further from major lifestyle centers (does not have to be a city)become less desirable in depressed markets (like 2008-09).  Cost of gas is a minor factor unless you are driving alone along way.

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   Anita Koppensposted 14 years ago

   I live 40 miles from my work in a great house. The drive has gotten to me after 1 1/2 years though. I would not recommend buying cheap if an hour plus commute is the price you have to pay.

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   movearoundusposted 14 years ago

   Look my friend, distance and also time matters, and both are correlated with each other....... if you are a professional person and you have to invest a dedicated time in the office, then you have to buy your home near your house to save the timing, as time is very precious and everybody have to save it.
   
   Cost is also a matter, it you see that your house is far from your office, but it is within your nominal budget, you should obviously choose the other one.

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   Wayne Brownposted 14 years ago

   That depends on the preferences of the buyer.  For example, the distance from the interstate highway to the neighborhood might add an additional 30 minutes to a work commute one way. For some people that might not be appealing. At the same time, if the house they are looking at is perceived to be a very good buy for the money, then the value might outweigh the driving time concern.  People who want a lot of convenience near at hand are not good candidates for homes that are outside the metro area because it requires too much driving and too much planning in terms of food, school events, etc. Thus, even a great price will not necessarily lure them to the area.  At the same time, the person who does not mind a commute from the country is going to still demand a fair and equitable price on the house. WB

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