Buying a home is one of the biggest financial decisions you’ll ever make—and if you’re looking in Philadelphia, PA, you’re in one of the most vibrant and historic cities in the country. With its mix of charming rowhomes, modern condos, and spacious single-family homes, Philly has something for everyone. But with so many options comes a lot of important decisions.
At The DiCicco Team, we’ve helped countless buyers find the right home in the right neighborhood, at the right price. Whether you’re a first-time buyer or upgrading to your forever home, here’s what you should be looking for when buying a home in Philadelphia.
1. Location, Location—Still Everything
Philadelphia is a city of neighborhoods, each with its own personality. From the cobblestone streets of Old City to the up-and-coming charm of Fishtown, where you choose to live will impact everything from your daily commute to the kind of lifestyle you lead.
Things to Consider:
- Commute & Transportation: Do you need access to SEPTA, Regional Rail, or major highways?
- Walkability: Want to be near coffee shops, parks, or restaurants?
- School Districts: Are public or charter schools a priority for your family?
- Community Vibe: Some neighborhoods are more family-oriented, while others are buzzing with nightlife.
Don’t just think about where you want to live now—think about where you’ll feel at home in five years, too.
2. Check the Age and Condition of the Home
Philadelphia homes are known for their character, but charm can sometimes come with a need for updates. Older homes may have aging systems (plumbing, electrical, HVAC) that need a closer look.
What to Look At:
- Roof Age: Roof repairs or replacements can be costly.
- Basement Moisture: Check for dampness, water stains, or musty odors.
- Windows & Insulation: Older homes may be drafty or less energy-efficient.
- Electrical Panels: Outdated wiring can be a safety hazard.
A home inspection will help uncover hidden issues, but having an eye out from the beginning can help narrow your search.
3. Understand the Market and Pricing
The Philadelphia housing market can vary street by street. Some neighborhoods may be seeing rapid appreciation, while others offer more stability and affordability.
Tips from Our Team:
- Check Comparables: Look at recently sold homes nearby to understand fair pricing.
- Watch for Bidding Wars: Popular neighborhoods like East Passyunk or Northern Liberties may mean acting fast—and bidding higher.
- Think Long-Term: Don’t just buy based on today’s market—consider how the home will hold value over time.
Our team keeps a close pulse on market trends and can help you make competitive, smart offers.
4. Home Style That Fits Your Life
Philadelphia offers a mix of architectural styles—Victorian, Colonial, modern, and everything in between. While the look is important, the layout and function should also match your needs.
Ask Yourself:
- Do you want an open concept or more defined rooms?
- How many bedrooms and bathrooms will suit your family now and later?
- Do you need outdoor space, parking, or a finished basement?
It’s easy to get caught up in finishes, but functionality should lead the way.
5. Check Property Taxes and HOA Fees
Philadelphia property taxes can differ significantly from one area to another, and if you’re buying a condo or a home in a managed development, monthly fees can affect your budget.
Don’t Forget To:
- Review property tax history through the city’s records.
- Understand what’s included in any HOA or condo association fees.
- Factor these costs into your monthly payment estimate.
Knowing the full picture ensures you’re not caught off guard later.
6. Get Familiar With Local Zoning and Permits
In a city as old and established as Philadelphia, zoning regulations can be tricky—especially if you’re considering future renovations or buying a multi-family property.
Important Considerations:
- Are there restrictions on adding square footage or making exterior changes?
- If it’s a duplex, is it legally zoned for two families?
- Were past renovations properly permitted and up to code?
Working with an experienced local agent (like us!) can help you navigate this part with confidence.
7. Think About Resale Value
Even if this is your “forever home,” plans can change. Life happens. It’s wise to consider how well the home would resell if you needed to move down the line.
Good Indicators of Resale Potential:
- Solid school zones
- Up-and-coming neighborhoods
- Proximity to transit, jobs, and amenities
- Homes with flexible layouts or room to grow
We’ll help you see not just what the home is today—but what it could be tomorrow.
Let’s Find the Right Home Together with The DiCicco Team
Buying a home in Philadelphia can feel overwhelming, but you don’t have to do it alone. At The DiCicco Team, we walk our clients through every step—from house hunting to closing day and beyond.
We understand the city’s unique market, know the ins and outs of each neighborhood, and make sure you feel confident with every decision.
If you’re ready to start your home buying journey in Philadelphia, we’d love to help.
Call us today at (215) 385-2006 to schedule a consultation.
Let’s find your perfect Philly home—together.
