There’s almost nothing more exciting than buying a home, particularly when it’s your first home or you’ve decided it’s time for the forever home. But careful consideration is needed to ensure that you get the home most suitable to your needs. Whether it be close to work so you don’t need to do a long commute, or close to family and friends, there are some key factors to consider when buying your new home.
House prices and rental prices are currently on the rise across the country, so finding somewhere affordable to live is at the top of everyone’s list. Being able to have more money in your pocket at the end of the week is important, so take the time to sit down and decide on what is affordable for you, taking into consideration all costs of living.
Commuting can take up a lot of your day, and no one wants to be sitting in traffic or on public transport for hours if they can help it. If you work for a business that allows you to work from home, the commute time might not be as much of an issue, however for those who do need to commute daily, it’s essential to not only take in the actual distance to work, but how you will get there every day.
If moving to a new location, doing your research on employment opportunities means that you won’t move to a location with no work opportunities (unless of course you’re looking to retire, or you work online, and this isn’t an issue for you). Taking time to consider income levels in the area, as well as general cost of living is essential.
Real Estate Value
Yes, house prices are currently on the increase but it’s important to think about trends. Looking at past trends for properties in the area, while not an exact science, can give you an idea on long term value for the region. When looking at buying, take some time to look at sales prices from the last two – three months; you will generally get a good idea of whether you are getting value for your money.
Are you moving with a young family? Education facilities should be relatively high on your priority list. If moving to a new state, make sure you find out how the school systems work. Some areas will have school catchments, so it may be a good idea to choose a couple of schools and then look at the homes within those catchment areas. If considering moving to a more regional area, considering the proximity to tertiary education facilities is important.
Climate & Lifestyle
One of the biggest factors to consider is lifestyle and climate. There’s no point moving to Tasmania if you can’t handle the cold winters; likewise, there’s no point moving to Cairns if you can’t handle high humidity. Also consider the facilities around and what your family needs – sports clubs, shopping centres, beaches, camp areas, museums, art galleries and so on.
If an outer city location with views and facilities is on your radar, look at Montane Kellyville. With three rooftop terraces and views out to the Blue Mountains, these two- and three-bedroom apartments offer affordable luxury in the heart of Kellyville.