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7.2.08

What to look for in the Area when you buy a Property






It’s very important to spend some time thinking about the area that you are planning to move into – and why you want to move there. By considering these factors, you are more likely to understand what it is that you need out of an area.

Here is a list of things that you should take into account when it comes to choosing an area to live in. Prioritize these factors according to how important they are to you. By looking at your requirements, you can better focus your research and your actual property search – and it may even highlight areas that you had never considered before.

Schools

If you have children, you need to look at what types of schools are in the area and what their reputations are like. Find out about their strengths, be it academic or in sport. You also need to consider what your options are if they need to move on to the next level of education in the future.

Transportation

Do you have your own means of transport, or do you rely on public transport? If you own your own transport, you need to look at how easy it is to travel to work, considering the routes that you would take and what the traffic is most likely to be like.

In terms of public transport, find out what is available to you. Check out timetables and routes and ensure that you the walking distance to major transport points isn’t too far away from your new home. It’s also important to get a feel for how safe these places are, especially at times when they are quiet.

Security

Visit the local police station or Neighborhood Watch and find out what is happening in the area in terms of criminal activity. They should also know which spots are targeted and what the most common crimes are. This will help you to assess which security measures are compulsory and how your home security is going to affect your lifestyle.

Talk to Your Real Estate Agent

Don’t be afraid to discuss the area you are looking at buying in with your estate agent – he or she is your best source of information about what is currently happening with the suburb and what the future trends may be. They may also be know a thing or two about future developments in the area that haven’t been widely publicized – and could easily affect your buying decision.

Budget

Set a clear budget according to how much you can expect to sell your home for and (if need be) how much you can borrow from the bank. From there you need to look at the budget in relation to what is available in the area. This brings you to the most important question: Are you going to find a suitable home that fits your basic requirements in that area for the amount that you are willing to spend?

Home vs. Location

Often people are faced with a simple dilemma; get a grotty home in a nice area or a nice home in a grotty area. As a rule of thumb, prioritize the area over the house (as long as the house is in a habitable state if you can’t fix it up immediately). You can renovate the house, but it’s less easy to revive the suburb. You are also faced with the added extras of what comes with a bad area – like crime and litter.

Make Your Own Criteria

These are just a few suggestions of things to look out for, but everyone has certain needs when it comes to looking for the right area to look in. Think of other elements that might affect your lifestyle when you move into an area so that you know that you have covered all the bases.

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