Now that you have decided to buy your new home, the question is what type and
Suburbs or Country
Pros: Generally less expensive. Often newer. Tract homes are conforming. More
home for the money.
Cons: More time in traffic if driving to town for work. Further away from
entertainment options cities offer.
Pros: Closer to many employers. Walking distance to theaters, restaurants,
schools. Many period homes offer more distinctiveness in styles.
Cons: Often noisier. Higher crime rates. More expensive.
Pros: Often homes on streets with more traffic are thousands of dollars cheaper. If
noise doesn't bother you, don't pass up homes on busy streets. Drive by at
different times of the day / week to ascertain noise levels.
Cons: These types of homes will always sell for less than others in the same area.
If bedrooms are located near the front of the home, sleep may be disturbed.
Cul de sac
Pros: Number one choice of buyers with children.
Cons: Less privacy, neighbors know more about you.
Pros: Often larger lots. Fewer neighbors. More visibility.
Cons: More traffic noise. More vulnerable to vehicles jumping the curb. Kids might
trespass at the corner. More sidewalk to shovel in winter.
Type of Home
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
Pros: Easy wheelchair access. Some medical conditions such as bad knees make
it hard for certain individuals to climb stairs. Easier to clean.
Cons: Can be noisier if stereos or televisions are located on the same floor as
bedrooms. Some people feel safety is compromised if bedrooms are located at
ground level. More of the lot is absorbed by living quarters.
More than One Story
Pros: More living space on same foundation than a ranch home. Less noise if
entertaining on lower level while other family members sleep upstairs.
Cons: More trips up and down the stairs to carry stuff to bedrooms. If laundry
rooms are on the second floor, washer leaks are major. Might need dual vacuum
cleaners. It is difficult to maintain consistent temperatures on each level without
dual heating and cooling units.
Pros: Often less expensive if purchased with lower level unfinished. Higher
ceilings are appealing. Downstairs family room separates noise levels from
upstairs. More square footage on same size lots as ranch homes.
Cons: Less storage space. Hassle to take trash downstairs and carry groceries
upstairs or vice versa. Kitchens tend to be smaller.
Number of Bedrooms
Pros: Common minimum requested configurations are 3 bedrooms. Newer parents
prefer bedrooms located on one level.
Cons: 2 bedrooms appeal primarily to first-time home buyers, singles or seniors.
However, don't discount a two bedroom if an extra den will satisfy your space
Number of Bathrooms
Pros: More than one bath is preferred by most people. One bath homes are often
Cons: Don't pass up a one bath home is there is room to add a second bath.
Sometimes it costs less to put in an extra bath than it does to buy a two-bath home.
Pros: larger spaces offer more room and cost less per square foot than smaller
Cons: Don't be misled as lay-out is more important than actual square footage.
Sometimes well designed smaller spaces appear larger.
Pros: Extra space for media rooms, art studios, children's playrooms, gyms,
Cons: More expensive.
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