What to Look For When Buying a Home

Buying a home is a significant decision, one that often marks a new chapter in our lives. It's not just about the structure; it's about the neighborhood, the lifestyle, and the future it holds. When searching for your dream home, you must examine a myriad of factors that extend beyond four walls. In this article, we'll delve into the key considerations when buying a home, guiding you through the process to help you make the right choice.

Location

We hear it all the time; location, location, location. When considering a home purchase, location is paramount. So before you make the big decision, make sure you research the neighborhood to ensure it suits your lifestyle and needs. When it comes to location however, the neighborhood is just the beginning of things to consider…

🚂Transport

Have a think about the transportation options in the area. Check for nearby bus stops, train stations, and tube stations. Having good access to public transportation can make your daily commute much more convenient.

🚲Cycle Routes

If you're a cyclist or value eco-friendly transportation, look for nearby cycle routes and bike lanes. These can be a great asset for leisure and commuting.

🎒Schools

If you have children or plan to in the future, research the quality of local schools. Proximity to good schools can significantly impact your family's well-being and property value.

🥫High Street

Explore the local high street to see if it offers the amenities you desire. Consider if there's a good grocery store, bakery, or other essential shops.

✈️Landing Patterns

Check if the property is in the flight path of an airport. Frequent overhead planes can result in noise and disruptions.

🚭Smog/Pollution

Investigate the air quality in the area. High levels of smog and pollution can affect your health and well-being.

🔊Noise

Consider potential sources of noise, such as nearby trains, businesses, or pubs and clubs. A quiet environment is crucial for a peaceful home life.

State

Before you put in an offer, make sure you examine the condition of the property. You wouldn’t want to move in and have the nasty surprise of having to renovate or repair the property, without prior knowledge. Identify any necessary repairs or renovations to make it livable and suitable for your needs. Some things to consider include…

🤢Mold/Damp/Rot

Inspect the property for signs of mold, dampness, or rot. These issues can be costly to remediate and pose health risks.

🥵Age of Appliances/Boiler

Take note of the age and condition of appliances and the boiler. Older appliances may require replacement, affecting your budget.

👍Quality of Past Work

Ask for before and after pictures if previous work has been done on the property. Lack of documentation can be a red flag. Look for signs of corner-cutting or areas that have been overly cleaned to hide flaws.

Space

Marie Kondo put it best when she said “imagine yourself living in a space that contains only things that spark joy.” Well, it’s hard to spark joy in a space that isn’t suitable for your needs, so here’s some things to consider…

🛋️Living Space

Assess the layout and shape of each room. It's not just about the total square footage; the usability of each room matters. Additionally, consider the availability of outdoor space and back garden access, which can enhance your quality of life.

🧥Storage Space

Evaluate the property's storage options. Adequate storage space, including attic space that is separated from insulation, can be essential for keeping your home organized.

Value Add

You may be making the decision now to buy, but chances are once you do, you’re going to want to move again at some point. When you do, you’re probably going to make sure that you’re turning a profit on your new investment. Here’s some considerations that may add value to your property, or simply add personal value to you…

⬆️Upgrade Ability

Determine whether you'll have the flexibility to modify the property to meet your future needs. Consider what changes might require planning permission and whether the current owner has knowledge about the structure, like joists.

💲Rent Ability

Assess the property's potential for rental income. This is important if you ever plan to rent it out in the future. Look into the historical value improvement in the area to gauge potential profitability.

📈Value Improvement Over Time

Investigate the long-term potential for property value appreciation in the neighborhood. Some areas may have already reached their peak, while others may offer room for growth.

⚒️Buying a Fixer-Upper

If you're open to making renovations and improvements, focus on aspects that can't be changed, like location. Before buying, get quotes for the necessary work to understand the true cost of your investment.

So, as you navigate the wild world of home-buying, remember, it's not just about the house; it's about creating a life that fits. Buying a home is not just an investment in property; it's an investment in your future, and by carefully evaluating these factors, you can ensure that your new home is a perfect fit for your dreams and aspirations.