Buying a Home: Location is Everything
Selecting a location for your dream home can be very stressful. You may be buying a home for making it your nest for years to come or buying a second home for vacations, choosing the right location is very critical. The location will determine various factors – most importantly – the quality of your life (if you choose to stay there) or the return on your investment incase you plan to use it for financial returns. It is essential to scan the neighborhood for various factors. This research could be primary by going and checking the location or secondary by taking feedback from neighbors and finding the statistics on the internet. Following are some important factors that should be considered before buying a property to stay in: Urban/Suburban Location Choose your location according to your priorities. If you are looking for facilities like hospitals, schools for kids, shopping malls etc very close to your house, you might want to choose a plot in the city centre. Although, this may come at premium real estate prices. However, if the preference is to live in quiet surroundings, it is ideal to choose a plot in suburban or satellite districts where you are far from hustle and bustle of a big city but close to primary facilities. Lifestyle Choices : Kind of Neighborhood It is essential to weigh-in key pointers that are important to maintain or upgrade your current lifestyle before investing long-term in a house. The idea is to choose a neighborhood that caters to your everyday needs as well as provide you with avenues to fulfill your future plans – like proximity to children’s school/day care centre, proximity to work, proximity to places you choose to wind down on weekends etc. You should also check the kind of people who will be your future neighbors and your comfort with the community in that neighborhood. Safety Safety is a matter of prime importance and should rank high on checklist when selecting a location. The safety of your family is entirely dependent on the kind of neighborhood you choose. You may want to check proximity to local police station and fire station. It is important to ascertain the same through primary and secondary checks. Resale rates for house that is bought for investment purposes would be affected if there are nuisance prone elements in the area. Travel Time to Work The length of the daily commute to work can have a significant impact on your lifestyle, the quality time you spend with your family and health. The cost factor for travelling to work should also be considered as that can be heavy on your pockets and can result in low savings. However, everyone switches jobs and the location of your current office should not be the only factor to consider. Check the accessibility and public transport facilities incase you plan to switch jobs in the near future or later. Proximity to Avenues for Recreation Check the proximity to your friends and family’s place of stay. The location should be ideally close to restaurants, parks, malls, cinema halls and other formats of entertainment. One should also check if there are various classes and sports area in the vicinity if the family has kids. Once you’ve narrowed down the factors that are most important to you in a location, it is time to find the right contractors and plan for your dream abode. Happy Home Building!!