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How to Find the Right Home in Any Real Estate Market

Oct 9, 2007
One of the most overused adages that has been around for many years is: Your home is your castle. Of course, the reality is that on a variety of different levels a home actually is far more than your castle. In the end, it will be in your very own home that some of the most precious and memorable events of your life and of the life of your family will be made. However, beyond providing you with shelter and memories, for most individuals their home is the most important investment that they will make in a lifetime. With that in mind, finding the right residence in the Tampa area is one of the most important decisions you will face over the course of your lifetime.

With this reality clearly understood, there are a number of necessary elements that you do need to better appreciate when it comes to your search for the right residential real estate investment in the Tampa area in this day and age.

The first factor that you will want to understand in undertaking the process of finding the right residential home site is valuation trends. As mentioned a moment ago, for most people the most significant investment that they will make during the course of their lifetime is the purchase of home. Chances are this is the case with you as well. Therefore, you need to research the history of property values in the neighborhood in which you are contemplating the purchase of a home.

In this regard, it is important that you do invest in a residence in an area which has enjoyed a trend whereby the value of real estate has increased in a generally uninterrupted fashion. Of course, there is no way to predict the future when it comes to residential real estate valuations. Nonetheless, by researching historical trends pertaining to real estate in the area in which you are looking to make a purchase, you will have at least some basis upon which you can intelligently estimate future worth and value of a home that you may end up investing in at this juncture.

In finding the right residence you need to make certain that you thoroughly research and identify any covenants that might be attached to the real estate. A person investing in real estate normally examines any issues pertaining to zoning. Many people either overlook or do not sufficiently examine covenants that are attached to residential real estate. You need to understand that covenants can significantly effect your ability to utilize a piece of property into the future.

With significant communal development projects underway in thousands of communities across the country, it is becoming ever more important to fully understand issues pertaining to covenants that might be attached to real estate in a certain area as you do go about finding the right residential home site for you, your family and your future. You also need to keep in mind that a covenant bound piece of real estate may end up being harder to sell in the future as well.

Of course, when it comes to finding the right residential home site, you must pay attention to the proximity of the property to necessary community amenities and services including schools, fire stations, shopping centers, commercial districts and the like. The actual livability of a home in the Tampa real estate market as well as its long term value is directly effected by the location of the property in regard to various services and amenities that are offered and available in a typical community.
About the Author
Lance Mohr is your Tampa real estate expert, with over 10 years of experience in real estate sales and 18 years of investing. He holds a real estate broker license in the state of Florida, and is a member of top relocation firms. Lance can be reached at lance@lancemohr.com. Please visit http://www.tampa2enjoy.com and add http://www.tampa2enjoys.com/blog to your favorites section of your browser.
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