In this blog, we will cover and discuss buying house near airport. Homebuyers need to consider the benefits and negatives of buying house near airport. One of the main benefits is that homebuyers will immediately notice the price of the homes listed near the airport. Alex Carlucci, a loan officer at Gustan Cho Associates, has lived in Rosemont, Illinois, for many years. Rosemont is under the flight path of Chicago O’Hare International Airport. Here is what Alex says about living and buying house near airport.
My neighbors, when living in Rosemont, Illinois, were concerned about potential health issues from the smells and being under the flightpath of jets. The unpleasant noises were tolerable since you got used to it. When I listed my home, it took nearly a year to sell my home and got 10% lower than market price.
Are you constantly on the go, jetting off to new destinations for work or pleasure? Do you struggle to decide where to call home when your feet are hardly ever on the ground? Look no further! In this blog post, we’ll explore some of the best cities and neighborhoods for those always up in the air.
From bustling metropolises with easy access to major airports to quiet suburbs with a laid-back vibe, there’s something on this list for every frequent flyer looking to put down roots. For some, the hustle and bustle of a big city is the ideal place to call home. After all, cities like New York, Los Angeles, and London offer easy access to major international airports and countless attractions and activities that make them perfect for those who love to explore.
With their diverse populations and vibrant nightlife scenes, these cities provide something for everyone – no matter what adventure you’re looking for!
Home values are generally lower, which attracts many. However, you know how the saying goes, right? If it is too good to be true, it normally is. We will detail the benefits of living nearby airports and the negatives of living near airports. Our associate contributing editors have interviewed dozens of homeowners who either lived near airports or are currently living close to airports. We have various responses.
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The Sky’s the Limit: Where to Settle Down if You’re Always on the Move by Plane
On the other hand, if you prefer a more laid-back lifestyle, consider settling down in one of the many small towns or suburbs conveniently located near major airports. From charming coastal towns with stunning beaches to peaceful mountain villages surrounded by lush greenery, there’s something for every type of traveler.
Alaina Phillips, a dually licensed realtor and loan officer, says the following about where to settle down if you are always on the move by plane:
Knowing where to settle down can take time if you’re always on the Move by plane. After all, the sky’s the limit! But whether you’re looking for a place to call home base or just a place to stay for a layover, there are a few things to consider.
Think about your budget. If you’re constantly flying, chances are you need to earn more income while on the ground. So, you’ll need to find an affordable place. Consider your lifestyle. Do you prefer a fast-paced city or a more laid-back town? If you’re always on the go, you should find a place with good public transportation options to get around easily.
Think about your work schedule. If you’re always flying, your work schedule is hectic. You’ll need to find a place conducive to your work style to rest when you’re not in the air. Remember your social life! Even if you’re always on the Move, you’ll still need time to kick back and relax with friends or family.
Make sure to find a place that has plenty of activities and amenities nearby so you can make the most of your downtime. Settling in one place can take time if you’re always on the Move by plane. But there are a few cities around the world that are perfect for frequent flyers. Here’s a look at some of the best places to call home if you’re always on the go.
Introduction to the Life of a Frequent Flyer
If your travel bug has bitten you, there’s no turning back. You yearn for a life of airports, security lines, and in-flight meals. But it’s not all bad news! If you play your cards right, you can turn your jet-setting lifestyle into a real adventure. Here’s an introduction to the life of a frequent flyer and how to make the most of it.
Airports: The first thing you need to get used to is spending a lot of time in airports. If you’re lucky, you’ll have short layovers and won’t have to spend too much time in the terminal. But sometimes, things go differently than planned, and you could find yourself stuck in an airport for hours. That’s why having a good book or movie handy is crucial to make the most of your time.
Security Lines: Another thing to get used to is security lines. They can be long and frustrating but try to see them as an opportunity to people-watch. You never know whom you’ll meet while waiting in line!
In-Flight Meals: One of the best things about flying is getting free food on long flights! Sure, it’s not gourmet cuisine, but it’s something to look forward to when in a middle seat for hours. So sit back, relax, and enjoy your complimentary meal.
Loyalty Programs: If you find yourself traveling often, it’s important to sign up for loyalty programs with your favorite airlines. These programs will offer exclusive discounts and perks, like free upgrades and priority boarding.
Jet Lag: Unfortunately, jet lag is another part of frequent flyer life. To combat jet lag, try to maintain a steady sleep schedule as much as possible while traveling. This will help your body adjust faster to the time difference between home and destination. By understanding the life of a frequent flyer, you can make the most of your time in airports and on planes. And who knows, you could even turn it into an adventure!
Is It Good To Buy a House Near An Airport?
Buying house near airport can offer a unique blend of convenience and tranquility, providing an ideal balance for those seeking to escape the hustle and bustle of city life while maintaining easy access to travel opportunities. Whether you prefer the excitement of a bustling metropolis or the serenity of a quiet suburb, settling down near an airport allows you to enjoy the best of both worlds.
Remember, when searching for your perfect landing spot, consider your options to ensure you find a place that feels just right. Embrace the endless possibilities of living near an airport – it could be the start of many unforgettable journeys!
New York, New York
New York is the place for you if you’re looking for a fast-paced city that is always buzzing with energy. There’s never a dull moment in this metropolis, and there’s always something new to explore. Plus, with three major airports within its boundaries, getting out of town is easy.
London, England
If you’re looking for a cosmopolitan city with plenty of history and culture, then London is the place for you. This vibrant city has something for everyone, and its convenient location makes it easy to get around Europe. And with Heathrow Airport just a stone’s throw away, getting out of town is a breeze.
Singapore
If you’re looking for an exotic locale with plenty of activities to keep you busy, Singapore is the place for you. From its world-famous food scene to its exciting nightlife, there’s never a dull moment in this Southeast Asian city-state. Plus, getting out of town is a snap, with two international airports within its borders.
Best Cities for Air Travelers in the U.S.
If you find yourself always on the Move by plane, deciding where to settle down can take time. But don’t worry – we’ve got you covered. Here are the best cities for air travelers in the U.S.:
Los Angeles, CA
With two international airports and many domestic airlines serving the area, L.A. is a great choice for those who love to travel by air. And with its sunny weather and proximity to many popular destinations (like Disneyland), it’s no wonder L.A. is one of the most popular travel destinations in the world.
San Francisco, CA
San Francisco is another great option for air travelers, thanks to its large international airport and central Bay Area location. From here, you can easily reach many other California destinations like Lake Tahoe or Napa Valley. And if you’re looking for someplace to settle down, San Francisco has plenty to offer in culture and entertainment.
Seattle, WA
Seattle might be the perfect place if you’re looking for a little more low-key city than Los Angeles or San Francisco. It’s home to a major airport with flights to destinations worldwide, but it also has a more relaxed vibe than some of the other big cities on this list. Plus, from Mt. Rainier to Puget Sound, Seattle is surrounded by natural beauty, so you’ll never get bored of the views.
Denver, CO
Denver is the place for you if you want an outdoor adventure. With its large airport and easy access to some of the best skiing and hiking in the country, Denver is a great choice for those who love to explore by air. Plus, you’ll never run out of things to do in this vibrant city – from music festivals to world-class museums.
Chicago, IL
Chicago is another great option for air travelers, with two major airports offering domestic and international flights. And if you’re looking for culture and entertainment while you travel, there’s no shortage of options here either – from world-renowned museums to famous restaurants and nightlife spots. No matter where you choose to settle down, these cities will provide plenty of options for air travelers. So if you’re looking for a new home base to explore the world, one of these cities might be the perfect fit.
Factors to Consider When Making a Decision
Deciding where to settle down can be tough when you’re always on the move. There are many factors to consider when making a decision like this, especially when you consider buying house near airport. Here are a few things to keep in mind:
- Where do you want to live?
- What kind of lifestyle do you want?
- How much can you afford to spend?
- What are your job prospects?
- What is the quality of life like in the area?
- Is there anything else that’s important to you?
Take time to think about what’s important to you and what you want out of life. Once you have a good idea, you can look at places that fit those criteria. It may take some time and effort, but eventually, you’ll find the perfect place for you.
Is Buying A House Near Airport A Good Decision?
Several factors should guide your decision-making process when contemplating buying house near airport. Firstly, assess your preferences regarding location, considering the proximity to family, friends, and work.
Consider the cost of living in different areas and whether your current income aligns with the expenses associated with your desired location, including factors like climate preferences, such as warm weather versus cold weather, or preferences regarding rainfall and snowfall.
Evaluate how your lifestyle would integrate into various locations. Determine whether you envision yourself in a bustling urban environment or a tranquil rural setting. If you have children, prioritize areas with high-quality schools, and if furthering your education is a consideration, research the availability of colleges and universities.
Additionally, consider healthcare quality by researching hospitals and doctors in different regions, especially if you have specific medical needs.
Lastly, weigh the cost and availability of housing options in potential areas of interest. Decide whether renting or buying aligns with your financial goals and preferences, and explore the variety of housing types available, including apartments, condos, or houses.
By considering these factors, you can make an informed decision when buying house near airport. This will ensure that the location you choose suits your needs and preferences.
Want To Buy A House Near The Airport? Click HerePros and Cons of Some of the Major Cities
Every city has pros and cons, but some cities are better than others when you’re constantly moving by plane. Here are some of the pros and cons of some of the cities:
New York City
The pros of living in New York City is one of the most exciting cities in the world. There’s always something to do, whether you’re exploring the city’s many museums and art galleries or taking in a Broadway show. The food is also amazing, with countless restaurants to choose from. And if you love shopping, you’ll be in heaven in NYC.
The cons of living in New York City can be very expensive, especially if you’re not used to living in a big city. It can also be quite crowded, so if you’re looking for a more relaxed pace of life, there may be a better place than NYC.
Los Angeles
The pros of living in Los Angeles is a great city for people who love the outdoors. With its many beaches and hiking trails, there’s no shortage of ways to enjoy the California sunshine. L.A. is also home to Hollywood, so if you’re into movies and T.V., this is the place to be.
And, like New York City, there are plenty of great restaurants here. Cons of living in Los Angeles traffic can be notoriously bad, so you need to get used to sitting in traffic (or have a way to avoid it) to avoid it. The cost of living can also be high in L.A., particularly if you’re looking for an apartment in a desirable area.
Chicago
The pro of living in Chicago is a great city for those who love the arts. The city has a vibrant theater and music scene and plenty of museums and galleries to explore. It’s also home to fantastic restaurants and shopping, so you’ll always be energized here. And if you’re looking for an affordable place to live, Chicago can be quite reasonable.
The cons of living in Chicago can be cold in the winter (especially compared to Los Angeles or New York City), so there may be better places for you if you don’t like the cold weather. The city can also be quite crowded during certain times of the year, particularly regarding traffic. Each city has pros and cons, so it’s important to consider your needs and lifestyle before deciding which one is right for you.
Cost of Living Comparison
Assuming you can find a job that pays well, living in any of these cities will make your budget manageable. They are all quite affordable compared to other major metropolitan areas in the U.S. and Europe. According to Numbeo’s cost of living comparison tool, Manhattan is nearly 50% more expensive than London and almost 70% pricier than Berlin. Paris is even more expensive, with costs about 80% higher than the German capital.
By contrast, San Francisco is slightly more expensive than London and about on par with Paris. And Los Angeles is cheaper than all three European cities, with costs comparable to Berlin. So, if you’re looking for an affordable place to live that still offers all the amenities and excitement of a major city, any of these three U.S. destinations could be a good option.
Transportation Options and Connectivity Between Cities
Assuming you can only travel by plane, the options for cities to settle down in are endless. But if you’re looking for connectivity between cities, here are a few things to consider. The first thing to think about is what kind of transportation you’ll need to get around. If you plan on using public transportation, you’ll want to ensure the city you choose has a good public transportation system.
Alternatively, if you’re relying on your car or other private transportation, you’ll want to ensure the city is easy to get around and has plenty of parking.
Another thing to consider is how easy it is to get from one city to another. If you’re always on the move, you’ll want to ensure plenty of flights are available between the cities you’re considering. And if you’re looking for international travel options, then an airport with direct flights to multiple destinations is a must.
When choosing a city to settle down in, think about what kind of lifestyle you’re looking for. Do you want a busy metropolis with lots of things to do? Or would you prefer a more laid-back lifestyle where relaxing and enjoying your free time is easy? Whatever your preferences, there’s sure to be a city perfect for you.
Finally, research what services and amenities are available in each city you’re considering. Check for hospitals, schools, parks, cultural venues, and other important amenities that can make life more enjoyable.
Finding Real Estate in One of the U.S. Locations
There are a few key things to consider when looking for real estate in any location: the housing market, the cost of living, and the quality of life. The United States has much to offer regarding all three factors, so it’s no wonder many people are drawn to live here.
The housing market in the United States is strong, and there are plenty of options to choose from, whether you’re looking for a single-family home, an apartment, or even a vacation rental.
The cost of living in the United States is also relatively affordable, especially compared to other developed countries. And last but not least, the quality of life in the United States is excellent, thanks to its world-class education system, its abundance of recreational activities, and its overall safety and stability.
If you’re considering moving to the United States, you should keep a few things in mind. First, familiarize yourself with the different types of visas that are available. Second, research the housing market and cost of living in various locations around the country.
And finally, take some time to explore all that the United States has to offer regarding the quality of life – you won’t be disappointed! Finding a place to settle down can be difficult if you’re always on the Move. But with so many beautiful locations in the United States, it’s impossible to go wrong. Here are a few of our favorite places to find real estate:
San Francisco, California
There’s no denying that San Francisco is one of the most beautiful cities in the world in some areas. With its rolling hills, iconic Golden Gate Bridge, and Mediterranean climate, it’s no wonder this city is constantly ranked as one of the best places to live. If you’re looking for real estate in San Francisco, you’ll have your pick of stunning Victorian homes, luxury apartments overlooking the Bay, and everything in between.
New York City, New York
If you want to be in the heart of the action, there’s nowhere better than New York City. From the bustling streets of Manhattan to the leafy neighborhoods of Brooklyn and Queens, there’s something for everyone in NYC. And when it comes to real estate, there are options for every budget – whether you’re looking for a cozy studio apartment or a penthouse with breathtaking views of Central Park.
Maui, Hawaii
If you’re dreaming of an island getaway, look no further than Maui. This Hawaiian island is home to some of the world’s most beautiful beaches, lush rainforests, and volcanic mountains. And with its year-round warm weather, Maui is the perfect place to find your dream home. Whether you’re looking for a vacation rental or a permanent residence, there’s something for everyone in this tropical paradise.
Locating a Lender to Help You Make Your Move
Finding a lender to help finance your new home can be tricky if you’re always on the Move. But with a little research, you can find a lender who can work with you to get the best mortgage rate and terms for your situation. When looking for a lender, it’s important to shop around and compare rates and terms from several different lenders.
An online mortgage calculator can estimate and compare your monthly payments. Be sure to consider any fees or closing costs associated with each loan. It’s also a good idea to talk to friends or family who have recently bought a home and ask for recommendations.
Once you’ve found a few potential lenders, take the time to meet with them in person so that you can get a feel for their customer service and level of expertise. Making your Move doesn’t have to be stressful – with the right lender on your side, you can make it happen!
Is It Safe To Live Near Airports?
The consensus on buying house near airport is that it was not as bad as we expected. The verdict with buying house near airport depends on the home buyer. Frequent flyers who travel due to work often find benefits in living near an airport. Others find buying house near airport a negative due to noise pollution in being under the flight paths of airplanes.
Dr. Martin Blank, M.D., of FHA Bad Credit Lenders and a cardiovascular surgeon and trauma surgeon, said the following about buying house near airport:
A scientific study was released in 2015. found air pollution, near airports found people living near airports were susceptible to illness more than those who did not. Airplanes produce pollution that, in large numbers, will lead to cardiovascular issues as well as other types of heart issues such as high blood pressure, cardiac arrest, or heart attack.
It has been proven and documented that the smell from the jets is a health hazard. The claim that living near airports is a health hazard has been substantiated. The potential of a plane crash is very minimal. In this blog, we will discuss the benefits and negatives of buying house near airport.
Considerations For Buying House Near Airport
We have covered blogs on buying house near power lines, buying home near main roads, railroad tracks, and near apartment complexes. Buying house near airport does not devalue a home as much as buying a home next to railroad tracks unless the home is right next to the runways or right below the flight path—many homeowners like being near or close to an airport due to being frequent flyers. Many home buyers will request their realtor to look for homes near a short travel distance to an airport.
Is It Good To Live Near the Airport?
Being near an airport is often an advantage for travelers due to the time it takes to get to and from their destinations. Many cities like Chicago have mass transit access near airports. Many homeowners who live in Chicago are close to O’Hare International Airport. They can often take the CTA (Chicago Transit Authority) El System to the airport without a cab.
Negatives With Buying House Near Airport
Homes near airports that are not under the direct flight path of airplanes add value to homes. However, if the property is directly under the airplane’s flight path, potential home buyers should research how low the airplanes are flying during peak flight times and nighttime when you are sleeping. Newer homes may have great insulation and soundproofing.
How Is Too Close Living Too Close To an Airport?
It’s important to consider airplane noise when buying house near airport. The impact of airplane noise on property values varies depending on factors such as the age of the home and the quality of its soundproofing. Older homes may be more susceptible to experiencing rumbles or loud noise from nearby airports, potentially affecting their resale and appreciation values.
However, newer homes with excellent insulation and soundproofing are less likely to be impacted significantly. Ultimately, the perception of airplane noise differs among homebuyers, with some being more tolerant of it while others find it intolerable. Therefore, the extent to which airplane noise affects property values ultimately depends on individual preferences and priorities.
Will Airport Expand In The Future?
Often airports expand by adding more runways. There are many businesses like being located near airports. Being located near airports often means lower property taxes and higher property value. Ethel Matthews of Gustan Cho Associates is a dually licensed real estate agent, loan officer, and expert representing buyers and sellers near airports. Ethel said the following about buying real estate near airports:
From my experience the recent data, businesses near airport thrive. Commercial real estate near airports are selling at a premium. Residential homes are in demand during sellers market. However, in general, homes near airports sell between 5% to 10% below market value.
Many corporations like to develop their business close to airports. Hotels, restaurants, shopping centers, warehouses, and office complexes are often developed near airports. This means lower property taxes on residential properties since municipalities generate substantial taxes from businesses and commercial property. In general, buying house near airport will not affect the resale value.
Finding Value Buying House Near Airport During Sellers Housing Market
Despite inflation and mortgage rates, real estate near airports remains strong. Although bidding wars persist, they’re less intense than in previous years. Economists and housing experts are puzzled by the sustained demand for housing, which has not diminished as initially anticipated.
This resilience extends to the market of buying house near airport, where buyers continue to find value despite the challenging economic climate.
Ethel Matthews, of Gustan Cho Associates and a licensed real estate agent in South Carolina, said the following about the resale value of homes near airports.
During a sellers housing market, homebuyers can still find plenty of inventory and reasonably priced homes near airports.
Demand for homes still far exceeds supply causing home prices still to increase. Despite mortgage rates heading the north of 7.0%, multiple offers are not as common as last year, but it still exists. Home prices have increased an average of 40% in the past three years with no sign of even the slightest housing correction.
What Kind of Deal Can I Get Buying a House Near Airport?
Buying house near airport raises questions about potential health risks, noise levels, and property value. While some may weigh the convenience of shorter commutes against the potential drawbacks, such as air and noise pollution, others may find it more challenging to tolerate these issues. However, for homebuyers comfortable with the trade-offs, buying house near airport during a seller’s market could prove advantageous.
Resale of homes near airports is below market value. However, no need to be alarmed about resale value. Homes near airports do sell. You may get slightly below market price and may take slightly longer, but homes do sell.
Over the past decade, homes near airports have typically been listed at a discount ranging from 5% to 7% compared to similar properties farther away. Buying house near airport may be available at steeper discounts, with certain listings priced 10% to 12% below the market value of comparable homes not near airports.
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Does an Airport Affect Property Value
If you’re constantly jet-setting for work or leisure, this article aims to offer insights into ideal locations for buying house near airport, catering to various preferences and budgets. Whether you crave the energy of bustling city life or the tranquility of remote mountain towns, there’s a perfect spot waiting for you to call home.
From the vibrant city centers of New York or London to the serene landscapes of Maui or San Francisco, each destination promises unique activities and experiences tailored to frequent flyers.
Embrace the limitless possibilities and embark on your journey to find the perfect landing spot. Whether you’re an adventure seeker yearning for outdoor escapades or a culture enthusiast seeking metropolitan thrills, there’s a destination suited to your lifestyle. Settle near nature-rich areas with hiking trails and picturesque views, or choose urban hubs with bustling nightlife and cultural attractions.
With endless options, the sky’s the limit for those considering buying house near airport.
On the other hand, if your interests lean more towards city life, you can find plenty of hustle and bustle within bustling metropolitan hubs like New York City or Tokyo. No matter what your destination is, make sure always to keep safety top of mind and do your research before packing up and taking off.
With some planning and preparation, you can find a place that meets all your needs! If you should decide to buy, before you begin looking for a home and during the process, we have vast experience working with buyers to get them ready to purchase their dream home. We can take you through your home loan’s buying and financing process.
Ronda Butts, with extensive experience in both lending and real estate, has assisted numerous homeowners in buying house near airport. While she does not directly represent buyers or sellers, she provides invaluable consultation services at Gustan Cho, facilitating connections between homeowners, buyers, and sellers in 48 states.
Through her guidance, individuals interested in buying house near airport can navigate the complexities of the process effectively, ensuring a smooth and successful transaction. Whether seeking financing options or exploring real estate opportunities, Ronda Butts offers expert advice and support to help clients achieve their homeownership goals in proximity to airport locations.
FAQ About The Benefits and Negatives of Buying House Near Airport
What are the benefits of buying a house near an airport? Buying a house near an airport can offer convenience for frequent travelers, shorter commute times to catch flights, and potentially lower property taxes due to nearby commercial development.
What are the negatives of buying a house near an airport? Potential negatives include noise pollution from aircraft, air pollution, potential health issues such as respiratory problems, and lower resale values compared to properties not near airports.
How does living near an airport affect property value? Properties near airports typically sell at a discount compared to similar properties located farther away. However, they still maintain demand and can sell successfully, albeit often at slightly lower prices.
Are there health concerns associated with living near an airport? Studies have shown that air pollution from airports can contribute to health issues such as respiratory problems, high blood pressure, cardiac arrest, and heart attacks. Additionally, the smell and noise from aircraft can be unpleasant and potentially disruptive.
How can I determine if a property is too close to an airport? Researching the flight paths of airplanes during peak flight times and nighttime hours can help determine if a property is directly under the flight path. Additionally, inspecting the quality of insulation and soundproofing in the home can provide insight into potential noise issues.
Will living near an airport affect my resale value? While properties near airports may sell at a slight discount compared to similar properties, they still maintain demand and can sell successfully. However, it’s essential to be aware that resale values may not appreciate as much as properties located farther away from airports.
How can I find value in buying a house near an airport? Buyers who are comfortable with the potential drawbacks of living near an airport can often find value in purchasing properties during a seller’s market, where homes near airports may be listed at slightly below market prices. Additionally, properties near airports may offer unique amenities and conveniences for frequent travelers.
Are there potential future expansions of airports to consider? It’s essential to research any potential future expansions or developments of nearby airports, as these could impact noise levels, traffic congestion, and property values in the area.
How can I finance a home purchase near an airport? Working with a lender experienced in financing properties near airports can help navigate any potential challenges or considerations unique to these properties. Researching different lenders and comparing rates and terms can help find the best financing option for your situation.
What factors should I consider before buying a house near an airport? Before purchasing a home near an airport, consider factors such as noise levels, potential health concerns, resale values, proximity to flight paths, future airport expansions, and financing options. Consulting with a real estate agent experienced in properties near airports can also provide valuable insights and guidance.
If you have any questions about the Benefits and Negatives of Buying House Near Airport, please contact us at Gustan Cho Associates at 800-900-8569. Text us for a faster response. Or email us at gcho@gustancho.com. The team at Gustan Cho Associates is available 7 days a week, on evenings, weekends, and holidays.
This blog about the Benefits and Negatives of Buying House Near Airport was updated on February 8, 2024.
