Buyers, think long term!

Buying a house is a long term commitment.  Therefore, you want to think long term! 

Let's say you are dating and decide to purchase a home with your significant other.  A two bedroom, one bath condo with no backyard might be good enough for now, but what happens if you decided to get married and start a family?  

Or maybe you have a newborn baby and decide to live in a location where the school system is not all that great.  What happens in 5 years when your child starts attending school and you now realize you need to be in a better school system?

Selling your home in just a few short years after purchasing, doesn't always come cheap.

Some things to think about long term wise when looking to purchase:

1. Do you have enough space for a growing family or potential family?

2. Are you in a good school district for when your children are school age?

3. Is the area developing around you?  Will there be more traffic in a few years? Will jobs be closer to you?  Or is your city building out in the opposite direction?

4. Are you coming close to retiring and thinking of downsizing or maybe getting rid of a second story home? 

Many people will buy and sell their homes multiple times within their lifetime, however, it is good to assume you will be in your new home for at least 10 years.  So make sure that the home you decide to invest in, will be able to accommodate all your needs through out those years.

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