When you are searching home in a new area, it is imperative to spend some time in research. Weigh up all available choices before making one property final.
These essential aspects are for everyone, a citizen of the UK, or immigrant.
Assess these aspects in every prospective location to make sure you feel at home in the new place. Remember, these aspects are applicable for both, buying a property or renting.
When it comes to search for a property, location is of the highest precision. When the property you are looking for is in proximity to reliable public transport, it improves your quality of life.
It means you will save a fair bit of the day commuting to and from the workplace. Therefore, choosing a property that is close to the public transport facility is better.
Not just that, it appreciates the value of your home over time. Thus, it becomes a good decision.
Studies conducted by property market researchers have proved that the value of a home rises faster if the locality is close to a bus stop, railway station, or tube stop.
To give a ballpark figure, a house near the tube station in London adds at least 40K pounds or more. As the distance increases, the price premium disappears.
Local business marketplace
When you shift to a new location, you expect the banks, shops, schools, hospitals and pharmacy shops, gyms and malls nearby.
If these things aren’t conveniently available within proximity, then you will have to spend a lot of time and energy in commuting.
It is quite practical being near to a supermarket that keeps the daily needs, and not to some fancy cafeteria or multiplex.
When you are moving to a new location with your family and kids, an essential element to consider is the quality of the schools.
Even if you do not have any family, you should still keep it your mind. It has an impact on the potential appreciation in the value of the property you are buying.
Again, just to give an idea, an appreciation of 30000 pounds can be expected when a property is near to a top-performing primary school.
These figures are estimated figures. The real appreciation may be further high.
When the house is in proximity to facilities, it influences the investment potential and appreciates the value as well.
Some people want to be near to theaters and multiplexes, whereas some want to be near to shops and malls.
Some love to be in proximity to restaurants and hotels.
It all depends on personal preferences. However, one thing is sure that facilities play a key role in deciding the value of a property.
Before finalizing one, you have to be clear about your choice. Start searching only when you know what is best for you?
Last but not least, you have to be aware of the environmental and economic factors also. These are not the national-level aspects, but the local factors influencing the area.
For example, the local crime rate is an important thing. The locality you are moving to should be safe and peaceful. The safety of your family is critical.
Is the locality developed well or emerging? Are many people want to shift to the area, or you see a lot of ‘for sale’ signs around?
If more people want to sell their properties, then it means there is some problem. You should investigate it further. Do not make any hasty decisions unless you are sure about it.
These guidelines will help in searching for a perfect property in a new area.