Tags – Factors to Consider when Choosing a Property
Picking a property is not just about the sturdiness of the structure and the presentation. Here is our set of considerations to look for when looking for a property.
What is important to one person in terms of choosing an area in which to live will inevitably differ from another.
However, the well-worn phrase, ‘Location, location, location’ is coined for a reason when choosing a home.
Whatever your criteria, the decision on choosing your next home will and should most likely be driven by the surrounding area.
For those with a family, locating a family-friendly area is key.
For example, good local schools will no doubt head the agenda.
Equally, amenities such as nurseries and playgrounds will play their part too. Conversely, young couples may well want more of a city vibe, so nearby bars and cafes will be a must.
Another important factor for many property hunters is open spaces.
Whether looking for a rural cottage or city pad, most of us seek some sort of local green space.
Although some searches are based specifically on nearby countryside, even city dwellers will be drawn to parks and wooded areas.
A factor possibly more pertinent to older home buyers is the location and accessibility of medical services.
For instance, if someone has health issues, it is vital to consider the location of the nearest hospital. Equally, for those starting a family, a local doctors’ surgery with a good reputation is advisable.
Whatever the circumstances, the whereabouts of the nearest bus stop, rail station, airport or motorway will be of interest.
For example, the location of the nearest rail station can certainly make or break the sale of a house.
However, even if a regular commute doesn’t form part of your life, transport links are crucial criteria when choosing where to live. With out of town shopping centres and most families living far and wide, easy access is important.
A major factor in choosing an area to live is the proximity to your workplace.
For instance, London commuters have to pay a huge premium to live nearer London.
According to a recent ‘Homes and Property’ report, for every extra minute you spend on the train out of London, you save £3,000 on the price of a home!
It’s of no surprise that in areas with lower crime rates, house prices are higher than comparative properties elsewhere.
To find out local statistics, it’s possible to get hold of the relevant data from the local council or, of course, police station.
Additionally, active neighbourhood watch schemes can be relevant and helpful when looking at this aspect.
There are other more sporadic considerations when choosing an area to buy a house.
For instance, planning applications can evidently have a huge impact on a longer-term view of a neighbourhood.
Moreover, these could also have an adverse effect on future property prices too.
However, fortunately any hidden issues with a chosen location should show up on solicitors’ searches carried out before a property sale completes.
To learn more, get in touch with us today.
In the meantime, check our Estate Agents Wolverhampton service here, to find out how we can help.