Buying a new family home is an exciting experience, but it’s imperative that you don’t jump for the first property that catches your eye. Here are some factors to consider before signing the contract.
Proximity to good schools
If you’ve got a young family, being close to a good school should play an important role in your decision, but there is such a thing as going too far. The Telegraph claims that house prices near the best schools in the country can be 170 percent greater than similar properties located further away. It’s important to find a middle ground that benefits your chidren while not leaving you out of pocket.
American Real Estate company Trulia reports that more than half of homeowners regret at least one of their decisions during the buying process, with one of the top regrets being opting for a house that is far too small for their needs, particularly their future needs. While a small two bedroomed flat may seem like the ideal new home for a couple, or even a couple with a small child, it’s important to consider how your requirements may change as your family expands.
A Good Kitchen
They say that a kitchen is the heart of any home, and that’s certainly true of family homes with young children. While you may not have much time for cooking when you have a baby, they’ll be heading off to school before you know it. So, you’ll need a good kitchen to provide breakfast and dinner for the whole family.
Private Outdoor Space
Choosing a city centre apartment right in the heart of the action may seem exciting and alluring, but it’s important to consider if a city center location is really the best choice for your family. A lack of outdoor space could be an issue as the children get older and you want them to be getting regular outdoor exercise with a safe space to play.
Credits: thanks to PrioTime for this article.
At Martin & Co, we can help guide you through the buying process. Buying a property can be daunting, it's a decision with long-term consequences and it is likely to be your largest financial commitment.
We understand the pressures that you will be feeling to get this decision right, so whether you're a first time buyer, a buy-to-let investor or you're looking to trade up or downsize your property, we are here to help you.
Why not contact your local branch a call if you have any questions or need assistance.