It’s important to look closely at what areas you are interested in buying. What is the history of the area and more importantly where is it heading. There are different values in areas that people choose to live including proximity to transport and schools. Although the values vary for each person it is best to look for areas that show the following;
So how do you find this information out? Start with your local library and government; they will have demographic statistics as well as information on future planning. If you don’t have time for this the local newspaper always have some interesting articles on what’s happening.
So how do I find the right neighbourhood for me? Consider what type of area you would like to live in. Is it an outgoing place, somewhere secluded, what features do you need? These factors will ultimately decide if you will enjoy your stay at your new home.
It is important to consider whether you will get a return when you want to sell, many people like to look for homes with great potential in growth areas that they can renovate or simply let the capital growth in that area take care of them. Above all you need to make sure the area you decide upon will deliver to your expectations – but remember you will more than likely need to compromise!