In the summer of 2017, the city of Spokane, Washington, experienced something extraordinary. During the week of Fathers’ Day, the average price for a home went down. Normally, the price of a home would increase as the summer progressed, but not this year. In fact, homes were on sale for as little as $189,900.
What made this summer different from previous ones was the fact that a large number of home builders had lowered their prices to make a profit during a time of low supply and high demand. So while the summer of 2017 was a triumph for home buyers, it was also a stressful one, considering there were so few homes on the market.
If you’re thinking about moving to Spokane, or if you’re currently living there and want to buy a home, this article is for you. Here are some of the things you should know about buying a home in Spokane.
The Benefits Of Buying A Home
One of the biggest draws of suburban life is the ease of commuting. With a home, you no longer have to worry about getting stuck in traffic or being late for work because of road construction. You also don’t have to stress about finding a babysitter or school bus driver to take your children to school. So if you have a long list of parental duties, the suburbs may be the perfect solution. The cost of living is also relatively low in these areas, so you won’t have to sacrifice your paycheques just to survive.
Another big selling point of a home is its value. As we’ve established, the price of a home tends to decrease as the summer progresses. So if you buy one in the summer, you’ll be paying less than you would if you waited until the next winter.
Where To Buy?
As we’ve established, the cost of a home tends to decrease as the summer progresses. However, this isn’t true for all areas of the city. There are several hot spots where prices rise as the temperature soars.
One of the best places to buy a home is the North End. Located in the northern part of the city, this area has all the perks of a suburb but with a small-town feel. Families and young singles with kids can enjoy a beautiful outdoor pool with picnic areas, playgrounds, and tennis courts. This makes the North End a paradise for parents looking for a relaxing, green place to bring their children. As for prices, be prepared to pay more here than anywhere else in town because of the area’s popularity and its desirable location. If you’re looking for a bargain, head for the South End or the North Monroe area.
What Amenities Will The Home Have?
The suburban life is great because it comes with all the amenities you could ever want or need. From the malls and grocery stores to the movie theatres and bowling alleys, everything you could want or need is within easy distance. This is why so many people, including myself, choose to live in the suburbs. The problem is, the suburbs don’t always have the most pleasant surprises awaiting the home buyer.
For example, let’s say you buy a home in a desirable suburb like North End. When you drive down the block, you’ll see all the amenities you could want or need, including a tennis court, a swimming pool, and a playground. You may even see a sign for a private golf course! While there’s nothing wrong with the amenities themselves, your home may not come with everything you’d want or need. Consider buying a home in a developing suburb where you’ll have more modern conveniences, like dishwashers and refrigerators.