Looking for a new home? It must be one of the most exciting experiences you’ll ever have. After all, you probably waited years, working hard and saving money so you can afford a place of your own. There are many lovely homes out there — perhaps too many — so you need a little help narrowing down your choices.
Here’s where you begin:
How much house can you afford? Of course, that also depends on where you’re looking. If it’s a classy and luxurious neighbourhood you’re after, you may have to make a few sacrifices in terms of size and build quality. If it’s a more affordable yet still classy community, you’ll get more square footage for every dollar, such as when you look at Townsville new homes. It all boils down to which aspect you’d rather make sacrifices in. If you don’t want to compromise, think about saving more money and waiting a bit longer.
As explained above, location plays a huge role in the price of your house. Don’t limit yourself to popular options. Ask your real estate agent about reasonably priced options in better neighbourhoods. Don’t be carried away with what you hear or see on TV. This is going to be your home and you’ll likely stay in it for a long time. Put convenience, safety and the quality of the neighbourhood first. Think about the facilities in the area. For example, if your priority is to find a good school for your kids, then tell your agent to find you some options near the school of your choice.
This is for those who put a high premium on the value of the property; those who do not intend to live in the house too long before they sell. Ask your agent how an area you’re eyeing has performed in the past. This will give you an idea whether a property is worth your investment.