There is a lot to think about when buying a home, which makes it easy to overlook some of the smaller details.
Before buying a home it’s important to take as much into account as you can, because it could affect your enjoyment of the property for a long time to come.
Take your time in the home-buying process and before you start signing any paperwork, consider whether some of the below factors are important for you:
- The neighbourhood
It’s always worth a knock on your potential neighbour’s door to get some feedback about the local street and area, and also just to find out who you could end up living next to. It’s particularly important to do this if you’re not too familiar with the area you’re buying into.
Another way to get a good feel for the area is to go for a walk down some of the local streets and perhaps grab a drink at a local café.
It’s also worth researching things like local schools and public transport. The website – www.microburbs.com.au – is well worth visiting for a good overview of what can be found in the local area.
- Internet speeds
Fast internet is an absolute must for most individuals. Make sure you check the internet providers in the area and find out what services are available. This is particularly important if you need to work from home and slow or unreliable internet won’t be suitable.
- Zoning restrictions
Whether or not you plan on doing renovations after purchasing, it’s always worth checking if there are any zoning restrictions on a property.
Heritage zoning, for example, may prevent you from doing particular renovations, or from doing a knockdown rebuild if that is something you had in mind for the future. Another reason to look into zoning is to find out whether it’s possible for a neighbour’s house to be turned into a block of apartments one day.
Get information from the local council about any building or zoning restrictions on the property and surrounding areas that you need to be aware of.
- Future developments
To avoid any surprises after moving in, it’s a good idea to research planning approvals in the area and find out if construction is about to begin on any nearby developments. The last thing you want is to move in and have a new shopping centre built behind your backyard.
On the other hand though, it’s also good to know whether you have new local cafes or restaurants to look forward to, or major infrastructure planned that could soon improve amenity in the area.
- Long term needs
People’s needs change over time and while you’re not locked into staying at a property forever, it’s always a good idea to find a home that will grow with you.
Compile a list of all the things that you would like your home to have that will meet your needs over time, so that you’re not disappointed with the property you purchased after a couple of years.