--- title: "Primary Residence: Key Factors To Consider Before Making A Purchase" description: This article outlines key considerations when deciding on a primary residence. Learn more about things to consider before making a major purchasing decision. image: https://pdxdirectrealty.com/hubfs/Imported_Blog_Media/image_207-3.png --- [Skip to content](https://pdxdirectrealty.com/articles/primary-residence-key-considerations#main-content) [![PDX Direct Realty](https://pdxdirectrealty.com/hs-fs/hubfs/Black%20logo%20-%20no%20background-2.png?width=150&height=147&name=Black%20logo%20-%20no%20background-2.png)](https://pdxdirectrealty.com/) - Services Show submenu for Services - [Listing Services](https://pdxdirectrealty.com/listing-services) - [Buyer Services](https://pdxdirectrealty.com/buyer-services) - [Additional Services](https://pdxdirectrealty.com/additional-services) - [About Us](https://pdxdirectrealty.com/about-us) - [Customer Portal](https://pdxdirectrealty.com/customer-portal) Open main navigation Close main navigation - Services Show submenu for Services - [Listing Services](https://pdxdirectrealty.com/listing-services) - [Buyer Services](https://pdxdirectrealty.com/buyer-services) - [Additional Services](https://pdxdirectrealty.com/additional-services) - [About Us](https://pdxdirectrealty.com/about-us) - [Customer Portal](https://pdxdirectrealty.com/customer-portal) - [Contact Us](https://pdxdirectrealty.com/contact-us) [Contact Us](https://pdxdirectrealty.com/contact-us) [All posts](https://pdxdirectrealty.com/articles/all) December 22, 2023 # Primary Residence: Key Considerations By  PDX Direct  ·  2 minute read This article outlines key considerations when deciding on a primary residence. Learn more about things to consider before making a major purchasing decision. ## What to Consider Before Designating a Home as Your Primary Residence Designating a home as a primary residence can be a big decision. A primary residence is generally where you live for most of the year, and it has certain tax implications that might be beneficial depending on the cost and terms of the property. Even if you're not currently considering a move, it's still useful to consider your primary residence and what should go into the decision-making process. ## Location Location can be a huge factor when it comes to designating your primary residence. Depending on the area you live in, you could be near a lot of amenities, activities, and convenient transportation. This can be especially beneficial for people who need to frequently travel for their job, or want to have access to a wide variety of services nearby. At the same time, location can also make a big difference in terms of the cost of living. Some areas may have higher taxes or higher housing costs, so it's important to consider these when making a decision about your primary residence. ## Cost Once you have an idea of the location that you would like to make your primary residence, the next step is to think about the cost. Depending on the area, you may find that there are different options for affordability. Think about the size of your family and the type of house that you need to accommodate everyone. You may need to consider a smaller house that is more affordable, or a larger one that may not be as pricey. It's also important to think about the short and long-term costs associated with the home. Some properties may have homeowners insurance costs that are higher, while others may require upkeep and maintenance that can add to the long-term costs. All of these things should be taken into consideration before you make your decision. ## Tax Implications Finally, it's important to consider the tax implications of designating a home as your primary residence. Depending on the area, there may be certain tax benefits associated with this designation, such as a Homestead Exemption or additional credits depending on the state. It's a good idea to research the tax requirements of the area before making a decision. There are a lot of things to consider when deciding on a primary residence. Location, cost, and tax implications are all important. By taking the time to research and consider your options, you can make an informed decision that's best for you and your family. ## More Articles to Consider Reading [Demystifying Mortgage Points: Should You Pay or Pass?](https://pdxdirectrealty.com/articles/demystifying-mortgage-points-should-you-pay-or-pass) [What Is a No Closing Cost Mortgage? 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