How to Choose the Best Location for Your Dream Home! We all dream of a sprawling bungalow located in a private estate amidst hills and flowering bushes, the windows of which open to pleasant views of running streams and green valleys. But do all dreams look good in reality? Certainly, not! What’s the use of living in such a deserted place if you have to drive 50 miles daily to reach your office? The importance of location can never be overlooked while finalizing the location for your dream home. The choice about ‘where you want to live’ is completely in your hands, but choosing a location is both mind-boggling and a complex process. The distance from your office, children’s school, availability of social facilities- all have to be considered. Before you start the process of buying, consider the following points if you are in a dilemma about the location. Connectivity The first and foremost consideration while choosing a location is the connectivity factor. Areas located close to highways and expressways offer easy accessibility to major parts of the city. Proximity to important commuting infrastructure like bus stops and metro stations should also be given a thought. If your job needs you to travel to other cities more often, having a home near airports or railway stations would be a better choice. However, many a times, the affordability factor of a project clashes with the connectivity benefits of its location. Properties located in close proximity to highways, expressways and commercial hubs are comparatively priced higher. But paying a little more can offer you huge benefits in the long run. Social Amenities Suppose the nearest market is 15 kilometers away and you have to drive to that place every week for your grocery, the act may be quite tiresome. So, before finalizing on the location, you should look for basic amenities like health care facilities, recreation centers, shopping malls, schools, colleges etc. No locality can meet all your requirements. So you should categorize the needs on the basis of their importance and then choose the neighborhood that meets most of your needs. City vs. Suburbs The debate on living in a city versus living in a suburb is an ongoing topic. While you can find spacious homes away from city’s maddening crowd in the suburbs, they are not a viable option as long as amenities are concerned. You may not get all the modern conveniences like commercial centers, thriving markets and entertainment spaces in the suburbs. However, they offer a calmer atmosphere than cities. Quality of the Neighborhood The quality aspects of a neighborhood consist of its safety features and the lifestyle of its inhabitants. Everyone has his own perception as to what constitutes a ‘good’ locality. Talk to the neighbors, learn about the locality and then finalize it only if you feel good about it. Real-Estate Market Trends If you are buying the property for investment purpose, you may also need to learn the current real estate trends in that area. For example- If infrastructural development is expected in the future, the property prices may rise in future. So you should know your preferences and take the decision accordingly. It should be noted that the choice of a location is more of a personal opinion and there cannot be hard and fast rules. Buyers should know that no location is perfect and there’s no place where you can get everything you want. Prioritize your needs to know what you can compromise with and what you cannot. Find the place where you are comfortable and where you feel welcomed. Only then will the house become a dream home. Source: proptiger/
Posted on: Wed, 01 Oct 2014 08:02:07 +0000
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