Do Gas Prices Effect Your Buying Location?

Perhaps it should, but the reality is that sometimes living closer to work isn't an option. Most often the reason a buyer chooses a home location is a combination of price and aesthetics.

For instance, if you work in downtown Austin you will be paying a premium price to live there; upwards of $250/sq.ft. In Austin, the closer you are to the downtown area, the more expensive the houses are because the more aesthetically pleasing the area is.

Downtown and near downtown is highly desireable because of the proximity to work areas, popular older homes, eclectic atmosphere, shopping, walkability and parks.

If you are single or a couple without children you may be able to find an affordable condo but if you have a family you are more likely to look in a suburban area where you can buy a bigger house with a yard and kid friendly environment starting at $86/sq.ft.

On the flip side, you may work in an area where housing is inexpensive and your salary and lifestyle are more affluent. In these circumstances a downtown highrise may be appealing or a lot of square footage on a large lot with a pool with perhaps a view of the hill country, lake or downtown is what you will seek. You may choose to live away from the hustle and bustle of an urban location and prefer to have a mall nearby.

Although gas prices are going to continue to rise, the need to buy something that matches your lifestyle and pocketbook will be prime motivating factors in selecting home location. Afterall, it's your home and must suit your needs.