Everyone has their own idea of what constitutes the perfect suburb to call home, so asking 100 people will likely generate just as many opinions. Determining criteria for how to find the perfect suburb, however, is more straightforward and can be applied to a large number of people.
Here are some tips and questions to ask yourself when considering the right suburb for you and your family.
How Safe Is It?Check police statistics to find out the frequency and types of crime that suburb experiences, as well as crime locations within suburbs. Also, it’s worth comparing statistics over time to see whether crime is rising or falling. A high safety rating brings peace of mind and confidence that you and your family are less at risk. A safer area may also lead to lower house and contents insurance premiums.
How Convenient Is It?Consider the activities you like to do and places you regularly visit, such as sporting activities, music venues, social clubs, work and shops. How convenient is a particular suburb to these places, and how much travelling time would you need each occasion you visit them?
What’s the Transit System Like?If you need to commute from home to work each day, would it be a comfortable drive? Or if mass transit is your preferred method, is there a nearby bus stop or railway station with a reliable timetable that gets you to work and home in reasonable time?
What Are the Schools Like?If you have school-aged children or are planning to raise a family, the school zone can be crucial. Certain suburbs are renowned for their educational facilities, and some research is required to determine the catchment areas of popular government schools and proximity to private schools. Demand for places at certain schools can also push up property values due to the competition for a limited housing supply in catchment suburbs.
Is a New Development the Way to Go?New developments in new suburbs may not be as close to city centres, but they are generally more affordable than longer-established areas of similar housing quality closer to CBDs. New developments offer the chance to buy a home and land package for an affordable price that offsets the distance from places of employment. Researching options on the internet can help you locate suitable areas, and checking out builders online, such as at www.coralhomes.com.au, provides useful information on what is available for a price range suiting your needs.
Will Homes in the Suburb Rise in Value?Property prices in any suburb are subject to market forces and will experience rises and falls over time. Factors such as local facilities, proximity to commerce and educational institutions, the local environment, local and national economic conditions, planned developments and property presentation all affect a suburb’s property values. You need to consider whether the balance of factors is likely to increase the value of your home in the medium to long term.
There are many factors to consider when narrowing down your list of potential suburbs to call home. Contribute your ideas and experiences below to help out other house hunters.
- This is a guest post.