The Essential Features To Consider When Choosing Your Home: Location

By Shane | First Home Buyer

Oct 03

Congratulations! You are now embarking on one of life’s big accomplishments, which is looking for your dream home! You truly deserve it. But before you get started, you may want to look at these tips.

Whether you are acquiring your home as an investment, an upgrade in lifestyle or both, one of the most significant decisions you will make is where you’ll want to live. Where you buy or build your home has an overwhelming effect on your ability to meet your existing and future needs, and where you choose to live has a significant influence on both your environment and finances.

In choosing an appropriate location for your home, analyze your lifestyle and financial needs. A new home offers countless opportunities to change lifestyle. These opportunities can be maximized by analyzing your present lifestyle and future needs.

Almost everyone’s bucket list includes buying a dream home. Whether you prefer a modern city loft or an extensive suburban home, most of us dream to find a home that feels like it was built specifically for our family.

Since you’ll likely to be staying in your new home for the foreseeable future, you‘ll want to look for a place that will keep you and your family happy in the long term. Remember, don’t be anxious and rush into anything, be picky until you find a home that feels right.

How can you know that you’ve found the perfect place?

Most important aspects of a location include comfortability, convenience, safety and affordability. These are the factors that most people instinctively consider when they choose a location for their home.

What is a comfortable location? How comfortable a location is for you won’t always be that simple to define. Safety and convenience are contributing factors, but the type of lifestyle you prefer is just as important. We’ve all got distinctive tastes- some of us love the beach, some of us can’t sleep without the dull, continuous buzz of traffic noise, and some of us need more space for gardening.

How is convenience measured? Convenience is a considered a big deal when you’re choosing where to build or buy your home. It has a major impact on you and your family taking into consideration the job opportunities, recreational activities, climate, proximity to your relatives and friends, and even the schools you want your kids to attend.  You have to make this decision very carefully if you’re planning to stay in your home for a long time.

How to check for safety? For most people, safety is a top priority. You’ll often pay less to live in an area with higher rates of crime, but if you’ll have to live in fear or if you’ll become a victim one day, no price discount will be worthwhile. It may also be more difficult to resell your home or get a good price for it if you decide to sell.

What is an affordable location? No matter your income, living securely and within your means should be your primary concern. Affordability covers not only the housing expenses but also the prices for consumable goods, like groceries and other essentials, which vary excessively from location to location. Travel costs, utility services like electricity and water, and other living costs are important to consider.

The reality of choosing a new place to live encompasses a series of considerations towards economic, lifestyle and environmental benefits. In order for your search to be successful, you must determine what is most important to you and your family. Don’t be afraid to be selective until you find the right place to live. It can be frustrating at times, but all your efforts will be worth it in the end once you have settled in your ideal location.

Happy hunting!

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About the Author

Shane specialises in helping Gen Y professionals and business owners make an impact by accumulating more assets, generating more income, and having more time to enjoy life. He has a Master of Applied Finance, an MBA, and a Master of Financial Planning. He is also a terrible golfer.

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