It’s important that during a home search your clients consider what it would be like to live in a location and in housing where they can feel comfortable in the long-term.
Just buying a home should not be the ultimate endgame. “Successful ownership should be the goal,” says Lawrence Yun, chief economist with the National Association of REALTORS®.
To find the cities in the U.S. where owners had the best shot at successful long-term home ownership, Bankrate looked at a variety of factors including neighborhood characteristics, property taxes, utility costs, foreclosure rates, maintenance costs, affordability, energy costs, and more.
These are their picks for the 10 best cities for home owners:
- Las Vegas
- Minneapolis-St. Paul
- Salt Lake City
- Louisville, Ky.
Source: “The Best and Worst Cities for Homeowners,” Bankrate (Aug. 31, 2016)