If the time has come for you to purchase that next family home then you may be slightly overwhelmed at just how much there is to consider here. It is for this reason that we want to offer you some tips on exactly what you should be looking for with regards to that next property. We have recently spoken with the brilliant real estate guru Frank Carioti, check him out here http://frankcarioti.com.au/, to bring you some of the finest tips on how you can ensure that you get this property choice just right.
The Need For Right Now
When it comes to invest in property you have to think about the future of you and your family’s needs. With this being said however the most important aspect to consider is the right now, and this is where the majority of the focus should be. Thinking about what the life of your family looks like in the now will include the following questions with regards to where you should be looking for a property.
How far from your job?
Where is the high quality nearest school?
What are the transport options like?
Where is the nearest grocery store?
Can my children play nearby?
These are key questions which will impact your daily lives and the answers will certainly help you to whittle down which places are possible choices.
The Bigger Picture
One thing which many people fail to look at is the big picture of where you live and this is one of the most important considerations to make. What everyone wants to find is a property that is in a safe place and one which can become more than just a house or apartment to live in, but also a community. Make sure that you do your research around crime rates, community groups in the area and the demographics of the place that you are thinking about living.
Planning For The Future
Ultimately those kids of yours will grow up and get jobs, advance their education and look to enjoy a vibrant social life. You as parents will also move on with your careers and your personal life and it will be important that you are able to find a property which can fit with your potential future needs. This will be a big factor when considering what size property to buy and what extras you would like it to have. You may have twins sharing a room right now but in the future they’ll want their own space, consider factors like this to help you in your decision to buy a property which you can stay in long term.
Budget
The budget will be a huge factor here and more often than not it will be the deciding factor between location or property type. The reason why so many people live in suburbs is because they wanted more bang for their buck and they were happy to travel if it meant a sizable property. This is usually the decision of those who are looking for a family property too, that they want the space more than they want to live in a hot location. The key will be balancing these two and in order to do that you have to work hard on the budget. Even if you are borrowing, it is important that you don’t go too big that you will feel under pressure to pay the mortgage every month, but also not to be too conservative and end up with a property which isn’t fit for all of your needs. Be smart, decide on a healthy budget and stick to it.
Take your time, consider all options and use a process of elimination to get the property which you want.
