With Phil Spencer and Move iQ
When I ask people about their ‘dream home’, they often focus on physical features of the property itself. But, remember – you can change the interior of your home but not its location! Sometimes it’s wise to make a few compromises when it comes to the house you want.
Before you buy, ask yourself this: ‘Is it really your dream home?’
Location, location, location
This might be my favourite mantra, but this isn’t without reason! Every buyer is looking for something different, but it’s important you make sure the area you buy in has what you’re looking for. Don’t get carried away looking at the build alone!
Do you commute to work every day? It sounds simple enough – but don’t forget to find out how well-connected your potential new area is. Take my advice, you’ll want to find this out sooner rather than later.
If you have a young family, make sure you check out the local schools. Are you in the catchment area for any good ones?
Remember, when you buy a new home, you’re buying into the area itself also. So – don’t just visit the property alone!
Ask yourself questions such as: what are the local amenities like? How’s the atmosphere? How easy is it to get around?
The people who live next door or across the street can significantly impact your enjoyment of living somewhere.
When buying a house – try not to overlook the ‘small’ things. Believe me, when you part with your money, these can feel a lot bigger.
Separate your needs from your wants
You may want certain interior features in your new home. Some properties you visit may have them all. But, how necessary are these? Are they more important than the surrounding area?
Many homebuyers find themselves wishing they’d prioritised where they live over what they live in. Making a few compromises here and there can help you avoid falling into the same trap.
The area can add value
Location can significantly increase property value. Certain areas are hotspots for development, so look out for signs that they’re up and coming. Thinking long-term can help you make a profit when you eventually come to sell.
You’re investing in your future. So, one piece of advice I always share is choose your location wisely. It can be better to have the worst house on the best street rather than the other way round!
Do your research
I believe location is the most crucial consideration when buying a home. On paper, a certain property may seem to have it all – but this can fall apart when you scratch the surface.
The way around this is to do your research. Or, get somebody else to do it for you!
From local schools to nearby planning applications, a property report can tell you everything you need to know. If you’re planning to buy a house, I highly recommend you get one. Remember, physical elements of your home can be added or changed. The area can’t!
Whether you’re buying, renting or moving, Phil shares his property advice all in one place over on www.moveiq.co.uk