Simple Guide to Finding the Right Location for Your First Home
If you have been thinking about getting your feet on the property ladder, but want to make sure that you are getting it right and don’t overstretch your budget, it is important that you do your research. While the interior of the home and the size will matter, you shouldn’t forget about the location, either. Below you will find a few tips on choosing the right location for your first property.
It is crucial that you check out the location and visit the community. Whether you are a churchgoer or would like your kids to have a place to play safely, it is recommended that you do your homework. Once you have a location in mind, you should walk the streets on a weekday and during the weekend, as well as at night. Every neighbourhood looks different when people are at work, so you should take your time to do the legwork.
Convenience is also important, especially if you are a busy professional. You will have to make sure that you can do your shopping and pick up milk and bread without driving ten miles out. Further, if you have kids, you will want to check out the community centres and schools, so you can choose the location that is in the catchment area of good education.
If you work in the city, but would like a quiet life, you will have to find the right balance between country and urban living. Start by exploring the road networks and public transport, so you can calculate how much time it will take you in the morning to get to work and drop the kids off to school. Drive the route in peak traffic, so you can see exactly how much time you will need to get to work. Google Maps is not always reliable.
Current and Future Developments
It is also crucial that you find out about the pending planning applications and local government initiatives. If you are moving into an area that has an aging population, chances are that there will be little or no life and you will have to visit the city to go out. If there is a pending application for an industrial or shopping facility, the value of your home might go up or down accordingly.
If you are looking to find a good deal on first home buyers house and land packages, make sure that you study the market trends. If there are a lot of young professionals moving into the area, chances are that there will be a growing demand for properties. In case there is a company expanding nearby, a number of people will invest in rental properties, and this can drive the prices up.
If you would like to choose the location of your first home right, you must do your research. Check the community links, the facilities and amenities, and research the market trends. Get in touch with property investment experts who can give you an insight into the area.