5 Things to Know When Buying a House in Philadelphia
If you are planning to buy a house in Philadelphia, here are 5 things you should be aware of:
Neighborhoods:
Philadelphia has many different neighborhoods, each with its own unique character, vibe, and real estate market. Some neighborhoods are more desirable than others, and the prices can vary greatly. Research the neighborhoods you're interested in, their crime rates, transportation options, schools, and amenities, to ensure you find the best fit for your needs and budget.
Property taxes:
Philadelphia has high property tax rates. This will directly affect your monthly payment so it’s wise to be aware of how much you will be paying in property taxes and factor that into your budget when buying a home.
Home inspections:
It's important to have a professional home inspection done before buying a house in Philadelphia. This will help you identify any issues or repairs that may need to be addressed before you close on the property.
Historic properties:
Philadelphia has a rich history, and many homes in the city are historic properties. While these homes may have character and charm, they may also come with restrictions on renovations or repairs that need to be made to preserve their historical significance.
Real estate market:
The Philadelphia real estate market can be competitive, and it's important to work with a knowledgeable and experienced real estate agent to help you navigate the market and make a strong offer on a home you love. Be prepared to act quickly, as many homes in popular neighborhoods can sell quickly.