If you are in the market for a new home in Atlanta, then you should know that you are looking in one of the best markets in the country. Not only because home prices are low, but also because as of right now you have a big selection of homes to choose from. If you really look around you could find some of the best investments for the long term and some great living conditions for the present. There are a few things that you should look for that may be indicators that you will be making a wise investment in a piece of property that’s value will only increase.
School District
Some schools are going to be better than others and it should be clear that if you have kids you should look at how a school district is doing. In Atlanta for example there is the North Atlanta High School which has been ranked in the top two percent in the nation and that is only one example. You should always look at the schools even if you do not currently have any kids. The reason for that is that your situation may change or even if it doesn’t, it makes sense as an investment tool. If you ever need to sell your property there is a chance that the buyers will have kids and will therefore look at how good the schools are in your neighborhood. That can mean a better selling price for your home, especially if you keep it in great condition.
How Long Has It Been On The Market
Not too many people will ask this question but they really should. Having an idea of how long the property has been on the market will give you an idea of why it has not sold. Perhaps the price is a bit high or there may be something that potential buyers did not like. You should know that even if a house has been on the market for a long time it does not mean that there is something wrong with it. It may just be that there has not been a good marketing strategy, or that the house is not in a high traffic area where it can get the attention of people driving by. You should ask the question anyway to make sure that everything is fine.
Compare
You should compare prices with properties that are similar to the one you are looking at right now. Some people will list their property way too high because they think it is worth more than it actually is but some people need to sell fast so they will list the property for a very low price and those are the ones that you are looking for.You can also hire an inspector or an appraiser before you decide to buy a house. That will give you an idea if the house you are looking for is a diamond in the rough. Remember that sometimes even a fixer upper can be a great investment.