Considering buying a home as an investment? Has your child joined a new school which is quite distant from your current location? Are you pressed for time to take up new courses since your house is far away from all the activities? Some may want to buy a house as a future investment or for utilitarian purposes. Others may not have considered it as an investment, but more as emotional value. However, the value of the property appreciates over time, even without the homeowners realising it. If they have been living in an area for a particular length of time, then with the
Factors to Consider
Who doesn’t like a lifestyle change?
· Owning your home in a popular locality is considered a matter of pride and joy. It is a status symbol. Choosing a house in the right location is critical to your quality of life and future.
· Before you choose to buy your house, start with basic research of the potential localities that closely meets your needs. Research is the most important aspect or the basic foundation for the huge decision like buying your house. Then through a process of elimination, choose the one that
This automatically also filters the options available to you such as schools, medical facilities, shopping areas in the vicinity, job opportunities and so on. For example, should you be working in an IT organisation, a location that enjoys proximity to IT parks is a better choice. This also means that the sector will encourage employment and exponentially, increase infrastructure development due to demand.
· While lifestyle is one of the aspects to consider, the other crucial consideration is the overall safety and security of the neighbourhood and your family.
Run through information to see how the property is rated against crime statistics. Look for amenities that drive security such as CCTV cameras, police patrolling and so on. If the area is well maintained by the corporation, then that is definitely a brownie point. You certainly will not enjoy living in a pretty house, with garbage overflowing on the roads! Also, if the proposed home faces the main road or is situated next to a school or hospital, then there is bound to be a lot of traffic disturbance in the peak hours. Noise pollution becomes a factor to consider even if the locality is great.
· Access to leisure activities including parks is a great advantage for both kids and family members alike. However, choosing a house that is closely located to your family and friends may not be a great consideration. Your friends may choose to move out tomorrow when their situation changes. So choose a location that is the best fit for you and your family’s needs.