10 Things That Make a Home a Good Home

 

Buyers spend a lot of time looking at properties online, touring homes on the Sunday open house circuit, and talking to their real estate agent. They’re laser-focused on finding the best home that meets their needs. The problem is, buyers sometimes don’t take the long view of a property. They’re only looking at a home as a potential buyer — and not as someone who, years down the road, may also have to sell the property. Given that homes are such a big investment, there should be a little inside your head, picking away at your options and decisions.

As the home buying market starts to heat up again, here are ten things you should consider when choosing your next home.

1. Location, location, location

Perhaps nothing is more important than the three L’s, and there’s a reason why it’s said three times.

Location is extremely important when it comes time to sell. You can have the worst house in the world with the ugliest kitchen and bath. But put it on a great block or in a good school district, and your home will be coveted.

Location location location matters on so many different levels. At the highest level is the town where the house is located, then the school district, then the neighborhood and the block — right down to the location of the lot on the block. Keep all of this in mind when shopping. Also remember that while real estate markets rise and fall, no one can take a great location away from you.

2. The school district

The school district is right up there on the list of what’s most important to many buyers. It’s not uncommon for buyers to start their search based solely on the school district they want to be in. Parents want their kids to go to the best school, which can drive up prices of homes in those districts. Even though you might not have children, buying a home in a good school district is always smart. If the schools are desirable, homes tend to hold their value. As a homeowner, you should always be aware of how the schools are doing, not unlike being aware of your roof’s condition, the neighborhood development or city government.

3. The home’s position on the lot

Where the home sits on the lot in relation to the street or the overgrown oak are key elements in picking out a home. In the case of a condo, an end unit vs. an interior unit is a key consideration. You may have chosen the most beautifully renovated home in the best school district and figure all is good. But if the main living areas are shaded by a neighbor’s extension or the master bedroom looks into the neighbors’ family room, you may have a location problem. Light or privacy may not be a hot button for you, but chances are, they might be concerns for a future buyer.

4. Crime

It’s a good idea to check the latest crime figures for a neighborhood. It can give you a good snapshot about the number and severity of crimes over a time period. So much information is online nowadays that when you find your perfect home, a quick Internet search on the area should provide you with the much-needed information.

Most municipalities post their police blotters or crime statistics online these days.  Don’t freak out if you notice more crime than what you’d have expected. Crime, especially petty crime, is everywhere. If you’re new to the area, consult with your real estate agent if you have concerns.

5. Walkability

More than ever, ‘walkability’ is becoming a key factor in the search process.  There are entire websites, apps and algorithms that help people figure out how walkable their future home is. As a matter of fact, Zillow even has a Walk Score for most homes.  As people get out of their cars and slip into their Keds, they want a home in a walkable neighborhood. People put high value on the ability to walk to a store, school, work or public transportation.  The more we move away from cars and the more we see invested in public transportation over the coming decades, the more of a huge value-add walkability will become.

6. The neighborhood’s character

You may have found the absolute most perfect home, on the best block, in the best school district and on a great lot. But there could be circumstances outside your control that may give you pause — specifically, the character of the surrounding neighborhood.

Check out the area late at night, early morning and in the middle of the day. See if there are any odd weather or traffic patterns and try to observe some of the neighbors. You may even go so far as talking to some neighbors. It’s important to walk around, open your eyes and ears and make sure there isn’t anything you’re overlooking. That next-door neighbor practicing drums in the garage at 9 p.m. could be a source of immediate neighbor conflict. Go into it with eyes wide open.

7. Don’t buy the best house on the block

Simply put, avoid buying the best house on the block because there may not be any room for your investment to grow (unless you physically have the house moved to a better neighborhood). It’s better to buy the worst house on the best block, because you can improve the house to add value to an already great location.

8. Is it a fixer-upper?

If you’re buying a fixer-upper, make sure you understand what you’re getting into.  Did you set out to buy a home that needed work? Or does the home just happen to be in the most desirable neighborhood, the block of your dreams?

Do your homework upfront. If you want to build an extension or add another story to the property, make sure it is within local zoning or building codes. Have the property inspected so that you know exactly what you’re getting yourself into. Sometimes, what appears to be a simple kitchen needing cosmetic work turns out to be a huge project. Ask yourself repeatedly if your life can support a home renovation. Not only does a renovation take money, it takes time, energy and emotional stress.

9. Will the home hold its value?

A good real estate agent who’s been working the neighborhood for some time can vouch for the long-term value or investment potential of the property. But be sure to find ways to add value, or at least be certain the home will hold its value.

The market may be strong when you purchase, but ask yourself, “Am I in a seller’s market?” “What would happen to this property if the market changed tomorrow”? Check out the median home value in the neighborhood as it compares to neighborhoods around it. The Zillow Home Value Index gives you one, five, and 10-year snapshots of how home values have gone up or down in neighborhoods and cities.

10. Taxes, dues and fees

Many people overlook the monthly fees associated with homeownership. Nearly every property will have taxes, and any sort of planned community or homeowners association (HOA) will have regular assessments.

Be sure that the amount of property tax and assessments are clear from the get-go. If in doubt, go to city hall or do research online. If you’d be buying into a condo complex, be sure to get your hands on the meeting minutes, financials of the HOA and the condo documents. Any mention of changes coming down the pike? Does the HOA seem well funded? It could take one quick $10K assessment to immediately affect property values if you need to turn around and sell your new home. And any uncertainty about the building, its integrity or the financials could scare off buyers when it’s time to sell.

Sources (via zillow | Brendon DeSimone)

Congressional Budget Office (“CBO”) Report [ will be used by everyone in Comprehensive Immigration Reform (CIR) bill]

 

Source:                         CBO Publication
Complete Report:        (PDF Format)

 

(Some Interesting Graphs)
Snapshot of the Foreign-Born Population in the United States, 1860 to 2010

From 1860 to 1910, between 13 percent and 15 percent of people in the United States were born in another country. After 1910, the share of the population composed of the foreign born began a steady decline, falling to less than 5 percent by 1970. But that share has increased rapidly since 1970, reaching about 13 percent in the past few years. About 40 million foreign-born people now live in the United States. Of that group, not quite half have fulfilled the requirements of U.S. citizenship. Of the remaining people, about half are authorized to live and work in the United States, and about half are not authorized to live or work in the country.

Snapshot of the Number of Unauthorized Foreign-Born People in the United States, 2000 and 2011

The Department of Homeland Security (DHS) has estimated that, in 2011, about 11.5 million U.S. residents were in the country without legal authorization—about 3 million more than in 2000. Most of that increase was due to an increase in the unauthorized population from Mexico. According to DHS, in 2011 about 6.8 million unauthorized residents in the United States came from Mexico, an increase of more than 2 million since 2000.

Snapshot of the Share of States' Population That Is Foreign Born, 2012

In 2012, three states that account for more than one-fifth of the nation’s population—California, New York, and New Jersey—had a foreign-born population that, for each state, exceeded 20 percent of its total population. In another 17 states, accounting for more than a third of the U.S. population, foreign-born people made up between 9 percent and 20 percent of the state’s total. In the remaining 31 states, accounting for roughly two-fifths of the population—generally, states that are away from the East and West Coasts—the foreign born constituted less than 9 percent.

Snapshot of the Educational Attainment of People Ages 25 to 64 in the United States, by Birthplace, 2012

The foreign-born population tends to be less educated than the native-born population: In 2012, 27 percent of the foreign-born population between the ages of 25 and 64 had not completed high school, compared with 7 percent of the native-born population. That difference was even larger among foreign-born people from certain regions of the world: A majority of people from Mexico and Central America, for example, had less than a high school diploma. However, foreign-born people from Asia, Canada and Europe, and Africa and Oceania are more likely than their native-born counterparts to have a bachelor’s degree or more.

HowTo: Deal With Information Overload

Nice info-graphics from socialcaffeine.com

Playing The Game

Credit to original creators!!

6 Steps To Healing Yourself

 

Take a moment and check in with yourself. How is your body feeling right in this moment? If you’re generally healthy, check in for subtle symptoms. Is your neck feeling tense? Does your lower back ache? Do you have a headache? Are you exhausted — again? Or perhaps you’re battling a more serious health diagnosis and you’re experiencing symptoms from your health condition.

Whether you’re experiencing the nuisance of a minor physical symptom, the more concerning stress of a serious health condition, or simple curiosity about how you might maximize your vitality and longevity, I’m psyched to share with you something they never taught me in medical school.

The Body Knows How To Heal Itself

Your body is beautifully equipped with natural self-repair mechanisms that are under the influence of thoughts, feelings and beliefs that originate in your mind. It knows how to kill cancer cells, fix broken proteins, slow aging, eliminate toxins, fight infections, get rid of foreign bodies, and otherwise keep you healthy. Things go awry and disease manifests when these self-repair mechanisms fail to function properly.

But here’s the kicker. Your nervous system has two operating systems — the “fight-or-flight” stress response dominated by the sympathetic nervous system and the relaxation response run by the parasympathetic nervous system. Only when your nervous system is in a relaxation response do your body’s self-repair mechanisms function!

The stress response is there to protect you in case a tiger chases you. But these days, we’re pretty safe from tigers, and yet our stress responses get triggered, on average, over 50 times per day. How? The amygdala in your lizard brains perceives negative thoughts, beliefs, and feelings, such as financial fears, relationship worries, work stress, loneliness, or pessimism, as threats equally scary as a tiger. Then BOOM. The scaredy-cat amygdala goes on red alert, and when this happens, our bodies can’t repair themselves. No wonder we get sick!

6 Simple Steps To Activate Your Body’s Self-Repair Mechanisms

You don’t have to be at the mercy of your stress responses. As I teach in my new book Mind Over Medicine: Scientific Proof That You Can Heal Yourself, you can be proactive about activating your body’s natural self-healing. Try these scientifically-proven steps as a health prevention strategy or as treatment for any health condition you might be battling.

Step 1: Believe You Can Heal Yourself

Step 2: Find The Right Support

Step Three: Listen To Your Body & Your Intuition

Step Four: Diagnose The Root Causes Of Your Illness

Step Five: Write The Prescription For Yourself

Step Six: Surrender Attachment To Outcomes

 

More @ zenhabits 6 Steps To Healing Yourself

 

How Does a 529 Plan Work?