Buying a house is one of the biggest events in anyone’s life, but when you factor your family into the equation, it becomes massive! You have a lot of factors to consider before you take this huge step, and the path is littered with many pitfalls. You can avoid many of these by following a simple plan. Here we talk about the sensible approach to choosing your next family home.
Think About The Future
Nobody likes to lose money on a property deal, but remember you are buying a home for your family. You need to see the big picture and forget about any short term investment approach. If the property market is in a slump, then your options will be fairly good. But if it is a sellers’ market, don’t spend too much time worrying about the possibility of losing money on the deal. You are buying a home, first and foremost. Think about your long term needs and understand that eventually your house will be worth more than you paid for it, it just may take a little longer to recover.
This should be your first and most important priority when it comes to choosing your home. You need to consider its proximity to the following places:
- Schools – Your children should be your primary concern and you need to ensure that their educational needs are met.
- Workplaces – Travelling to work should not be a problem and you have to choose a location that is not too far away.
- Amenities – Shopping and banks should be easily accessible from your new home.
Be Very Fussy
Once you have narrowed down the areas in which you would like to live, you can start to be choosy about the actual property you want. Remember that you will be living here for quite some time and you need to be happy with your choice. Make a list of requirements and ask your partner and children to contribute to this. If you really need a spare room, then do not waste time looking at smaller houses. If you are a keen gardener, you will not be happy with a tiny plot of land. If the house looks great but the décor is not up to much, remember that you can add your own touches after you move in. If you have any doubts about the condition of the property, you should pay for an extensive survey. The standard ones do not always dig deep enough to unearth any hidden issues.
Before you even start to look at homes, you should have your budget all worked out. If you see a house that is priced way below your range, have a look by all means. But remember that houses usually are priced according to their location and condition. If this place is in a nice area, but is still cheap, beware of any other factors. When someone is looking for a quick sale, it is usually because they have something to hide. If you spend your money on a damaged house, it will cost you a lot more to rectify the mistake.
Ricky Nash is a real estate agent and is the author of today’s guest post. Buying a new family home is no easy task but with certain insights and useful suggestions one can easily get a good deal. He suggests the name of Prestige home builders, as they have great homes at affordable prices.