A Real Estate group (located in the next county) is marketing locally with a "slogan" that
roughly says: move 30 minutes and save 30K
Now I am not saying that this is not correct (and it most likely is true) but I wonder if consumers are thinking this all the way through? If you are looking to move to a different county just because the home price is less, take a few minutes and consider the facts!
I recently added a "Cost of Commuting Calculator" on the buyer page of my Charlottesville Real Estate website.
With this handy little calculation you simply answer a few questions to see what you actual costs of commuting will be on 2 differently located properties.
The first factor to add into the calculation is the cost of fuel, then the loan amounts of the 2 home loans with the current interest rate.
It does not stop there, the calculation then wants the Commute distance (one-way) of each home. It even figures in the value of your time and wear and tear on your vehicle.
This makes a lot of sense to see the real costs of buying a home further away from where you work.
Do the research you may be pleasantly surprised!
Relocating to Charlottesville Virginia? – START HERE
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About Charles McDonald