What are the 7 factors to consider when buying a home?

Buying your new home is probably going to be one of the most important financial decisions of your life, so you need to invest wisely. First and foremost, you want to hire a local estate agent; get in touch with the best estate agents in Doncaster if you are buying a house in South Yorkshire. But, even after looking at multiple properties, how can you tell when you have found the perfect place? Here are the 7 factors that you have to consider when buying a home in the UK in 2023.

1 Location, location, location

The location of your new home matters, a lot! From the asking price of your new home to the resale price of your home, it all depends on the location. The location of the property is something that will remain constant for the years to come, so you want to buy your new home in the best possible location. Think about it, you can always re-do the interiors and change the exteriors, you can even create more space, but you cannot change the location of your home.

2 Surrounding area and amenities

The location will also impact important aspects such as crime statistics, transportation and connectivity as well as quality schools in the area. How close is the best supermarket or grocery store? Are there any good cafes or restaurants around? How far is the best school in the district? What about transportation hubs? These factors will play a big role in determining whether a property is right for you, or not.

3 Age of the house

Buying an old house or a new build each has its pros and cons. While old houses have a certain charm and aesthetic about them, new builds are usually more eco-friendly with energy-efficient systems. If you are looking at old homes, you need to do your due research about every property. How old is the house? How old is the roof? What about the plumbing and the electrical? At the end of the day, if you need to renovate the roof or change all the plumbing, it is going to cost you a whole lot of money. In that case, it may be better to look at a newly built home to save money in the future. 

4 Garage space

A home with a garage has become a very popular demand among buyers in the UK in 2022. Every homeowner that has a car is going to want a garage. In fact, homes with garages have become popular among potential buyers who do not own cars. This is because the garage can be used as a storage space or it can even be converted into a home office, which is very high in demand these days.

5 Layout and bedrooms

If you are thinking of buying a new home where you plan to spend the next few years of your life, then you want a home that is just right for you. Not every 4,000-square-foot home is created the same.  While one may have a spacious kitchen and a massive living room with smaller bedrooms, the other may have a huge master bedroom with a walk-in closet. What kind of layout are you looking for? Understand your current needs, as well as your future needs, before deciding on the number of bedrooms you want your new home to have.

6 Gardens and outdoor space

Another popular demand among potential buyers is homes that have outdoor spaces and private gardens. Due to the Covid-19 pandemic, people were forced to stay indoors and that is one of the major reasons for this new buyer demand. The resale value of a house with a garden is also drastically higher than that of a house without a garden or any outdoor space. Plus, who wouldn’t love to host family barbecues in the backyard and watch your children play in the garden?

7 Size of the plot

If you are a young couple who is looking to start a family, you will probably want to invest in a two-bedroom or three-bedroom property. However, if you are planning on downsizing after your retirement, you might want to look for an apartment for a townhouse. The size of the plot is an important factor to consider when buying a new home. Understand your personal requirements and look at properties accordingly.

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