No matter how hot the market is or how rushed you feel to get a deal before someone else buys the property you have your eye on, be sure you’re buying in the right neighbourhood and aren't getting into a problematic neighbourhood that you may regret later on.
While most home buyers spend their time at simply checking out the layout of the rooms and the name brands on the kitchen appliances, smart buyers know what's really important to look for when buying a home, chief among a good deal is a good neighbourhood.
Get to know the area – remember you’re not just buying a property; you’re also buying a location. Not all parts of every suburb are ideal spots to live.
When you do property search, too many sales pop ups or for sale signatures could be good red flagthat the neighbourhood could be problematic once you move in.
It’s important to find out about the quality of schools, the crime level, transport, and possibly upcoming zoning issues.
Quite often, these problems can surfaces only when it’s too late. Failing to research an area properly can result in your dream turning into a nightmare, and yet plenty of people still neglect this simple stage of the buying process.
Whether you’re a first-time buyer looking for a new home or a property developer after your next investment, it is incredibly important to research the location and avoid not-so-great neighbourhood.