7 factors to consider when deciding where to live - Semper Home Loans (2024)

September 9, 2020

7 factors to consider when deciding where to live - Semper Home Loans (1)

Affordability:

One of the most important factors to consider when deciding on a location is affordability. Living comfortably within your means should be a primary concern. Affordability extends well beyond the sale price of the home–property taxes, utilities, and local costs (such as groceries, gas and amenities) also determine what will work for you.

Employment opportunities:

Employment opportunities can vary between states, regions, and cities. So it’s important to do some research about employment opportunities within your industry, and try to locate an area that has a high concentration of those jobs. Keep in mind that salaries vary greatly between locations as well, so using sites like Nerdwallet.com or Salary.com can help you determine salary ranges and cost of living in those areas. If you can, finding a job before you relocate is ideal.

Crime & safety:

Everyone wants to live in a safe neighborhood. Especially if you have a family, you want to feel confident that the area you are relocating to is safe. Many city and town websites offer crime reports and third-party websites like AreaVibes.com and CrimeMapping.com offer some insight into communities you are interested in. Trulia.com, a real estate app for finding apartments and homes for sale, is a convenient tool, as it provides a crime map for the neighborhood of the listing you are viewing.

Climate:

Hate the cold and not a fan of snow? New England and other northern states may not be your top pick. But moderate climates like the Carolinas, or arid hot climates like California might fit your life and hobbies better. Weather can affect your mood, commute and overall health, so do your research! Also keep in mind areas that are vulnerable to natural disasters and severe weather.

School system:

If you are thinking of starting a family, seeking out areas with highly rated school is a smart choice. Even if having kids isn’t in your future, a solid school system is still beneficial to you. Towns and cities with excellent school systems can increase your property value-meaning you could get more for your property down the road.

Commute & transportation:

For many people, Covid-19 has adjusted the typical work structure-with remote work becoming a popular alternative. However, if you have a job which requires you to be in person, or you simply are more productive in an office, you’ll want to consider how you’re getting there. If you plan on utilizing public transit, make sure the locations you are searching in provide a good public transit system that will get you to and from work efficiently. If you’re commuting, take a look into the traffic patterns in the area. Your proximity to your workplace doesn’t guarantee a short commute if you have to battle traffic everyday!

Proximity to friends and family:

If being close to friends and family is important to you, moving to a nearby area may be the way to go. If you are moving further away for a new climate or unique work opportunities, being centrally located will make it easier for friends and loved ones to visit. Moving to a community that is close to a major airport, or that provides easy access to highways will make the trip easier and faster-for both you and those looking to visit your new home.

Deciding on a new place to call home can be overwhelming. But by doing your research and finding a community you’ll enjoy living in, you will set yourself up for a successful relocation. Spending some time in the area you are looking to move to will help you feel the vibe of the community, and can ultimately make you feel more at home once you actually make the move.

Categories: helpful tips

7 factors to consider when deciding where to live - Semper Home Loans (2024)

FAQs

7 factors to consider when deciding where to live - Semper Home Loans? ›

To figure out which factors to prioritize, it can be helpful to use what we call the “90/10 Rule.” Under the 90/10 Rule, you base where you should live on the factors that will affect 90% of your life.

What are the 7 factors that you should consider when deciding where you live? ›

What factors determine where people decide to live?
  • Cost of living. Your budget is one of the most essential factors in your home search (even before you choose where to live). ...
  • Commute. ...
  • Job opportunity. ...
  • Convenience. ...
  • Availability of education and school ratings. ...
  • Crime. ...
  • Availability of healthcare.
Dec 19, 2023

What factors determine where people decide to live? ›

11 Factors To Consider When Deciding Where To Live
  • Affordability. Affordability is a significant factor to think about when deciding where to live. ...
  • Employment Opportunities. ...
  • Crime Rates. ...
  • Climate. ...
  • Proximity To Friends And Family. ...
  • School System. ...
  • Culture. ...
  • Public Transportation.
Dec 27, 2021

How do I figure out where I want to live? ›

How To Decide Where To Live: 12 Factors To Consider
  1. Your Housing Budget. This should be an important factor to weigh when you're thinking of moving to a new place. ...
  2. Cost Of Living. ...
  3. Local Real Estate Market. ...
  4. Job Opportunities. ...
  5. Big City Vs. ...
  6. Outdoor Offerings. ...
  7. Climate And Weather. ...
  8. Crime Rates.

What 7 factors can influence a decision? ›

7 Factors and Personal Characteristics That Have an Impact on the Decision Making In an Organisation
  • Programmed versus non-programmed decisions:
  • Information inputs:
  • Prejudice:
  • Cognitive constraints:
  • Attitudes about risk and uncertainty:
  • Personal habits:
  • Social and cultural influences:

What is the 90 10 rule where to live? ›

To figure out which factors to prioritize, it can be helpful to use what we call the “90/10 Rule.” Under the 90/10 Rule, you base where you should live on the factors that will affect 90% of your life.

What are five factors that may determine where people live? ›

5 key things to consider when choosing where to live
  • Location, location, location. One of the first things you'll want to consider is the type of environment that appeals to you. ...
  • Cost of living. ...
  • Weather conditions. ...
  • The job market & your work situation. ...
  • Quality of life.
Apr 23, 2024

How do we decide where to live? ›

Where Should I Live? 6 Factors to Consider When Choosing a Neighborhood
  1. Neighborhood Safety. ...
  2. Nearby Necessities. ...
  3. School District. ...
  4. Nearby Parks, Walking Paths, or Dog Parks. ...
  5. Commute to Work. ...
  6. Activities in the Area.

What do people usually consider when deciding on a place to live? ›

1. Safety of the neighborhood and the area. 2. Proximity to job, shopping, medical facilities, perhaps schools, entertainment, dining, whatever activities you want to do other than work, etc.

How do I choose a good place to live? ›

How to decide where to live
  1. Draw up your deal-breakers – what can't you live without? ...
  2. Run a reality check on your new everyday life. ...
  3. Test your move for 'future-proofing' ...
  4. Get the lowdown on locals (from your own living room) ...
  5. Worried about making a big mistake?

How to make decisions about where to live? ›

7 Important Decisions to Make When Choosing Where to Live
  1. Cost of Living. This is the most significant factor you need to consider whenever you decide to move to a new place. ...
  2. Housing. ...
  3. Safety. ...
  4. Climate/Weather. ...
  5. Culture/Lifestyle. ...
  6. Infrastructural Facilities. ...
  7. Job Prospects. ...
  8. Conclusion.
Mar 31, 2021

Why is it so hard to decide where to move? ›

Why Deciding to Move is Such a Difficult Decision. Perhaps the most obvious is that there are so many options. Even if, let's say, you don't have a lot of resources, think of how many places you could possibly live within a day's car drive away, and how different they might all be.

What factors do people need to consider when finding a place to live? ›

5 key things to consider when choosing where to live
  • Location, location, location. One of the first things you'll want to consider is the type of environment that appeals to you. ...
  • Cost of living. ...
  • Weather conditions. ...
  • The job market & your work situation. ...
  • Quality of life.
Apr 23, 2024

What are the key factors to consider in the location decision? ›

The main factors that affect location decisions include regional factors, community considerations, and site-related factors. Community factors consist of quality of life, services, attitudes, taxes, environmental regulations, utilities, and development support.

What are the 5 important factors that you need in order to live? ›

Food, water, clothing, sleep, and shelter are the bare necessities for anyone's survival.

What are the 5 major factors to consider about location when choosing a home? ›

If you're thinking of buying a house, consider these five location factors:
  • Schools. If you have children, this is probably at the top of your consideration list. ...
  • Commute times. ...
  • Lifestyle. ...
  • Local amenities. ...
  • Resale value.
Sep 6, 2013

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