If you have already decided to move from your old house and it is up for sale, you might be thinking about choosing a location that will suit you better for years to come. If you have kids, you will have to think about schools and transport, and if you have a car, you must have a safe parking space. There are, however, more things to consider when trying to pick the right property location, such as neighbourhood, safety, and access to hospitals. Find out below what to check before you start looking for a property in a certain area.
Buying a new house is often an emotional process for many people. However, it would help if you also considered it as a real estate investment. You might think that an old house with a character might always preserve its value, but you need to consider how much you need to spend to maintain its condition over the years. Ask a professional about the best investment areas and make a decision accordingly.
You might be thinking about the location from the quality of life perspective, but what if you will have no time to enjoy your home because you have to spend an extra few hours every day to get the kids to school or go to work? You must check online what the commute time from each area is to your preferred location. There is nothing worse than getting home from work late at night and not having the energy to enjoy what your new house has to offer. Check the fastest route on Google Maps to avoid disappointment.
Future Development Plans
You will find that some areas are on the rise, and are likely to undergo property development and regeneration. This will have an impact on the future value of your home and the quality of life in the area.
Initially, you might face roadworks and disruption, and there will be a lot of building traffic in the area. In the end, however, if you can hold on to your home for a few years, your property will be in a more appealing neighborhood, and its value will rise significantly. Check out the plans and initiatives before you choose a location. Or buy into an area that’s already undergone a rejuvenation project. For example, in Singapore, areas like District 15, which for many years has been very popular with ex-pats, has undergone an intensive upgrade, including razing the old Katong Park Towers and replacing it with the LIV @ MB by Bukit Sembawang Estates soon to be sought-after for premium living near amenities roading, schools, and entertainment. Of course, not everyone wants a condo, and they may prefer a small-town charm.
You might find a particular small town attractive but not checked its population demographics.
What if most of the people in the area are retired and you have kids? Will they be able to play out with friends at all? Are there any good schools and parks nearby? Ask questions about the area’s population before you put an offer in.
There are several things to consider before you choose an area to buy a home in. Make sure you check property price and population trends, and the home will serve your needs for many years to come, or at least until you decide to move on and sell your home.