Finding the right house can really make a place feel like home. But, it isn’t just about the property itself – it’s also about the location. In the real estate world, agents talk about home location all the time and how it’s important for most people. There’s a reason for that: Location really does matter.
Wondering how you can find the best home location? While everyone has different preferences, here are some general guidelines and tips for you to consider.
1. Consider your life stage and lifestyle.
Do you have children? Then, you should consider living near schools. Do you work at night? Choose an area where there’s visible security personnel and where public transportation is available 24/7. Want to go home to a quiet place at the end of a hectic day? Living in a quiet, suburban community might be best for you.
2. Think about your commute and transportation options.
How do you intend to get around? Will you be walking, boarding public transportation, or driving to get to work, school, and other important activities? Unless you work from home, you’ll need to commute to and from your place of employment. While some people don’t mind spending an hour or so each day in traffic, others prefer to look for home locations closest to their workplace.
3. Consider the neighbourhood atmosphere.
Your personal preferences on neighbourhood atmosphere can play a significant part in where you ultimately decide to live. What home location are you interested in? Some people like busy, dense areas where they can socialize; while others prefer spread-out areas with low foot traffic. Identifying what neighbourhood aspects you enjoy can help you prioritize your home location search as you get into it. Finding a home is about finding a place that makes you truly happy, and this shouldn’t be forgotten when choosing between locations.
4. Get to know your potential neighbors.
Having the same values, interests, and goals as the people around you is important, especially if you’re planning to live in the neighbourhood for a long time. After all, you don’t want to live next to people you don’t like, right?
5. Think about amenities and conveniences.
When looking for the right home location, you should take the time to explore the neighbourhoods you’re considering to identify available amenities and conveniences. Also, it’s important to determine how far you’d have to travel for common conveniences, like groceries, convenience stores, health services, gas stations, and more. Also, you may want to look into other local amenities, like parks, recreational activities, community centers, and other attractions. These days, homebuyers prefer areas where they can walk to dining spots, coffee shops, and shopping centers.
With careful thought, and by evaluating what you really want, you’ll have a higher chance of finding the home location that’s right for your needs. Then, it’s possible to really feel at home with your choice.
Will Bell Mortgage Broker is a mortgage and finance broker based in Melbourne specializing in residential home loans. Will is all about the average Australian understanding just enough of the broader economy to take action on your own personal economy. He is the host of the My Personal Economy Podcast which you can check out here.
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