Deciding Where to Move Cambridge MA

So you have found out how much you can afford and how much you will have to pay back. Now it is time to find out where to spend your loan. If you’re looking to buy a home in Cambridge, make sure you look into the future to ensure that the community you choose to live in will remain as good as you feel it is today.

(617) 871-2160
Cambridge, MA
(617) 492-5559
678 Massachusetts Avenue 10th Floor
Cambridge, MA
R J Realty Management
(617) 492-7899
87 Hampshire St
Cambridge, MA

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RE/MAX Destiny
(617) 576-3800
907 Massachusetts Ave.
Cambridge, MA
Charlesbank Real Estate
(617) 492-2265
25 Magazine St
Cambridge, MA

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Cambridge Court Apartments
(617) 497-6220
411 Franklin Street, Suite G-6
Cambridge, MA
Union Real Estate
(617) 666-5555
79 Bow St
Somerville, MA

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Rotterdam Realty, Inc.
(617) 733-3226
162 Sidney St.
Cambridge, MA
Bayside Realty
(617) 868-7979
843 Massachusetts Ave Ste 1
Cambridge, MA

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Alexandria Real Estate Equities, Inc.
(617) 661-6962
790 Memorial Drive, Suite 100
Cambridge, MA
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Deciding Where to Move

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So you have found out how much you can afford and how much you will have to pay back. Now it is time to find out where to spend your loan.

Make sure that you find the right neighborhood. This will factor into your daily lifestyle and how easily the surrounding can accommodate your needs is important. The neighborhood will also factor into how much you will eventually be able to appreciation your home. If you do not like the neighborhood, you will not like your home. So make sure that the things you need are nearby. Are the restaurants? Schools? Gas stations? Parks?

Psychologist experts have found that a person will be happier with a smaller home and a shorter commute than in a large house with a long commute. Do not be afraid to ask people already in the neighborhood how they feel about living there. Be aware of crime statistics and safety issues, like how close the nearest fire department is. Remember you will still have to make compromises. No neighborhood will meet all of your criteria at the price you desire.

Smart homebuyers buy for the future and you do not want to move into a community based on a power plant if the power plant will close in a few years. Your property values will plummet. Most Americans buy a new home seven times in their lifetime, so make sure you are smart and buy for the future. There are definitely clues.

Signs of End Times in Real Estate
Macro-economic factors can influence whether real estate rates increase or decrease. Consider the following:

  • If there is much construction for a new mall or movie theatre, things are looking good for that area. However, if there is construction a six-lane highway, things are not going so well for that community’s appreciation values.

  • Businesses. If a factory shuts down, a whole community can shut down.

  • If there are multiple for sale signs, that is a sign that values in that community are not too high.

  • Beware of multiple rentals in a neighborhood because renters rarely treat their home as if they owned it.

    Neighborhoods are always changing. Therefore it is very important to act as a stakeholder in the community itself and make good business decisions for your future. You do not want to have to accept that you cannot earn as much money for your house as you paid for it. Also, the location of the house in the neighborhood is an important factor. Houses in the middle of things tend to have a higher premium, whereas house on a busy corner have a lower premium.

    Turnaround Neighborhoods
    It happens quite often that a rundown neighborhood will be surrounded by hip clubs and great restaurants which upgrade the value of homes. So should you consider a turnaround area? Yes, but warily because the grand renovation of culture in an area can fizzle out and leave an area just as rundown as it was before the new places started popping up.

    Take care to look into the future when you are choosing where to live. This will increase your chances of appreciating more value on your home for when you choose to sell in the future.

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