March 1, 2021

Think you’ve found your dream home? Ask yourself this.

From navigating market conditions to seeking financial approval, I don’t need to tell you that the search for your dream property is a complex one. But I guarantee it will also be the most rewarding one you ever do.

Nothing beats walking into a house and just knowing that it’s the one. No matter what the market conditions are, it will never dictate the feeling of home.

But with all the expert staging and clever colour schemes, it’s all too easy to forget the most important thing – long term potential.

The reality is that the area surrounding your property will determine your day-to-day life, so be sure to take the time to ask yourself the following…

Easy access to amenities

You need to think larger than the shops and transport links. If you have children, are there parks nearby? They may be in primary school now, but what about secondary schools?

Are there cafes and restaurants close to home or do you have to need to travel for your evenings out? What about gyms and sporting facilities? Your home is supposed to be a place of comfort and convenience, so choose one that offers a well-connected lifestyle that works for you. 

What’s the neighbourhood like?

Think beyond “safe” and “family-friendly.” Consider where you are in your life and whether your surrounding area will accommodate your current needs and future growth.

For example, if you have young children, it may not be advisable to buy into an area known for its high student rental rates as this often comes with late-night parties and noise.

Are there green spaces?

It’s no secret that a property’s proximity to green space significantly increases its value, with 63% of homebuyers seeking a residence in a location with greenery.

So it may seem like a smart move to buy a property with its own green space, but it’s important not to forget that it is an ongoing commitment to its maintenance. Consider your capability to do so and reap what you sow (in more than one sense).

What are the local regulations?

No one likes red tape, but it’s important you take the time to understand any local regulations that may affect your plans before purchase.

For apartments, consider specific rules put in place by the complex manager. It’s wise to take the time to understand what’s expected of you before committing long-term.

For rural properties, you will need to research any land covenants that may impact your property, which determine the size or materials required in your planned extension and permitted activity types. 

How much are the rates?

Let’s not forget about rates. While these aren’t included in the house price, you should factor this into your overarching budget. 

Rates do vary, but they are always tied to the value of your property. You can usually find these on your local council website, although your real estate agent will be able to help.

A helping hand

So you see, there really is more to consider than the bedroom and bathroom count. I know you know this, but I understand better than anyone else how easy it is to get lost in everything.

Sometimes, you just need an extra hand to help you along and guide you through the lengthy and complicated process.

As a real estate professional who specialises in Applecross and its surrounds, please feel free to reach out at any time should you need a hand yourself.