Aside from touching upon the numerous accolades Rochester has received throughout the years, there really are a lot of great benefits to living in Rochester, particularly for first time homebuyers. Since buying a home is a huge financial undertaking, we have noticed that most first time homebuyers tend to be cautious when choosing a home that fits with their budget. And understandably so! To ease your worries, we’re here to explain why Rochester might be a good spot for your first home.
High Value, Low Cost
According to CNN Money’s Best Places to Live 2012 issue, Rochester has a median home price of $136,500. But the low cost comes with high value due to the city’s beaming culture, highly-educated population, charming landscape, and a diversified economy. Along with the influence of local universities on technology, Rochester has been adding jobs in healthcare, food and beverage manufacturing, alternative energy and higher education over the years.
Most recently, the city has been developing its downtown area with the $1 billion it allocated in 2011 to revitalize certain neighborhoods. With more people staying in Rochester after graduation, the city has realized the need to bolster its urban sprawl. Since a young population tends to require an abundance of bars, restaurants, shops, festivals, concerts, the city has recognized the return on investment and is working to further build Rochester’s reputation and local economy.
Touching upon Rochester’s breathtaking landscape, this is the perfect place for those who enjoy the great outdoors and the activities that come along with it. Sitting on the coast of Lake Ontario, as well as being in close proximity to the Finger Lakes, the Greater Rochester area has endless opportunities for recreation, wine tasting, trails for hikers and bikers, and more.
Another benefit of living in upstate New York is the clean air! If you’ve been a big city dweller for a majority of your life, wait until you get a load of this fresh air. According to 2011’s MSN Real Estate Most Livable Bargain Markets, Rochester has some of the cleanest air in the country. That probably has something to do with the fact that you will barely ever have to deal with gridlock, road rage infused commutes. Now, you can finally take back your day even if you tend to work long hours.
Since a lot of first time homebuyers tend to be starting a family around the time they are looking, you’ll be pleased to know that many young families already inhabit or flock to Rochester, with a median age of 35.8. Knowing the likelihood that your neighbor shares similar wants and interests makes moving to a new place a heck of a lot easier! Lastly, Rochester is also a great place for young families when you consider its extremely low crime rate. What more could you want?
If you’re still on the fence about moving to Rochester and require more information to make your decision, the Robert Piazza Palotto Sold Team boasts a group of long-time residents who can give you the ins and outs of your potential new city. We’ve seen it all, and we’re here to help!