It’s often said the most important factor to consider when buying a property is location, location, location. While location isn’t the only consideration, it is the one that requires the most thought.
Many buyers have a good idea of the sort of property they want, in terms of number of bedrooms, property style, etc. but location can be more subjective.
Here are the top five reasons why location is so important.
1. Property Value
The location of your property can have a huge impact on its value. Buying in an undesirable location, such as in close proximity to a motorway or airport, will limit the potential of your property to grow in value as noise and traffic pollution will put many buyers off. It could leave you unable to sell your property when you decide to move on.
On the flip side, if you target an up-and-coming location, your property will grow in value and may turn out to be an excellent investment.
2. Public Transport Links
If you don’t drive, or you prefer to use public transport to get to work, living close to an excellent public transport network is essential. Even if you do drive to work, it’s worth considering the availability of public transport – if your vehicle breaks down, you don’t want to feel totally stranded.
If you have young children, is there a regular bus to take them to and from school? Plus, as they grow up, consider whether they can easily get to shops, a cinema or sports centre – unless you plan to be a parental taxi service until they’re old enough to drive.
3. School Catchment Areas
If you have or are planning to have children, then living in a good catchment area is a key consideration. Check out the local schools and look at the school league tables to see how well they’re performing.
The local government website has more information on local schools, and don’t forget to check the waiting lists before you decide to buy.
Even if you don’t have children, the value of your property could still be affected by the school catchment area it’s in.
4. Amenities and Services
When considering location, draw up a list of the amenities and services that are the most important to you and keep this in mind.
Living in a rural area may sound idyllic, but could you cope with having to jump in the car every time you needed to buy a pint of milk? How about access to bars, pubs and nightclubs – do you want a hefty taxi bill every time you fancy going for a drink? If you work from home or are a heavy internet user, do you have access to a decent broadband service?
5. You Can Always Alter a Property
Finally, if there’s an aspect of the property you don’t like, such as its bathroom suite or kitchen set-up, that can always be modified. But you can never modify its location.
The location of your home can have a huge impact on the value of your property, and your happiness and comfort while living there. So choosing the right location is essential.
Thanks to Best Gapp, an estate agents with property for sale in Knightsbridge.