More people from larger cities are buying homes in small towns nowadays, and it’s easy to see why. Families can usually buy larger properties in smaller cities for the same price as in big cities. It’s also an excellent way to build wealth because the prices of homes in small cities are rising.
Small cities are also superb places to raise a family, with stronger communities and lower crime rates than sprawling metropolises. Finally, thanks to a better network of highways, it’s easy to drive from a small city to a major area when needed.
While the benefits of moving to a smaller city are undeniable, it’s a good idea to plan your move to avoid mistakes. Here are some tips that can help your big move to a small city:
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#1 Work with A Local Realtor
Working with a local realtor can help you find the property of your dreams for a price that suits your budget. A local realtor can also give critical advice on local market conditions that you may be unfamiliar with. They’ll also point out the right opportunities for you to capitalize on.
Fortunately, there are some renowned and experienced agencies that know small towns inside and out. For example, you can easily find a specialized realtor in Bowmanville, a small town in the Canadian region of Durham, who can provide critical market insights.
#2 Tour the Area
During the pandemic, many home buyers bought physically unseen properties with mixed results. Although some new homeowners found good deals, others ended up with regrets. That’s why it’s a good idea to tour the area to get a feel for the location and the property itself.
Talking to people who live in the area can help you appreciate the local environment. Learn about schools, shopping, and the overall community. Having firsthand insight will help you make the right decision.
Please also consider what amenities you can’t live without, such as parks, gyms, restaurants, grocery stores, parks, and libraries. Tour these amenities to ensure the town has everything that you need.
#3 Learn About Your Commute
If you plan to work remotely, learn about the Internet in the area. If your job requires you to have a high-speed connection to work remotely, ensure that the Internet Service Providers (ISPs) in your new neighbourhood offer the right connectivity options.
Learn about the commute if you’re in a hybrid work situation that requires you to drive to the big city a few times a week. A small town close to a major highway shall allow you to commute easily to a major city centre.
#4 Prepare Your Budget
Although properties in smaller towns can be more cost-effective to purchase, you should still prepare your budget. You should have a down payment and enough savings to cover the first mortgage check, taxes, and insurance. You’ll also have to pay higher moving costs when shifting a long distance between cities.
Finally, be patient and don’t rush into anything. Remember, you’ll have to make some adjustments when moving from a big city to a smaller one. But while you may not have all the conveniences you’re used to; you’ll gain many new advantages. Keep an open mind and stay flexible to enjoy living in your new environment.
