What To Consider Between Suburbs and City

 The saga of suburbs vs. city has plagued home buyers for decades.  Both areas have pros and cons, but a big deciding factor has always been cost.  Most people are looking for quality of life in an area that won't completely drain their paycheck each month, but a lot more goes into it than just the cost of housing.  There are every day expenses along with taxes and healthcare to consider.  After breaking down the costs between each area, there may be some things that surprise you.  Keep reading to find out what you should consider when deciding between the suburbs and city, and click this link to read the full article.

Housing

Which is cheaper? SuburbYou obviously get more space for your money when you buy a home in the suburbs. On average, a home in the suburbs costs $230,000, compared with $431,000 for a home in a city. For example, in Silver Spring, MD—a suburb of the nation’s capital—the median price per square foot is $248, compared with a whopping $432 in Washington, DC. (You can find out the price per square foot in any neighborhood at realtor.com/local).But while homes are cheaper in the burbs, home buyers shouldn't overlook their potential return on investment when considering whether to purchase a city home. Recent studies show that urban home values climb 11.3% year over year, outpacing suburban home values, which grow at a more modest 6.7%. So do the math.