When looking for a house, there are many factors to consider like price, size, number of bedrooms, age, location and future value. A large number of home buyers start with their budget but if you are buying a family home for the long run, it might be a good idea to start with what you need first and add in a few “wish list” items.
Ideally, what you will find a property that is going to make your family feel at home and would provide comfort and convenience
How many rooms?
An important factor to consider in that case would be the size of the house that you want to get. Think about the number of people that are expected to live in the house and try to calculate the minimum number of rooms you would be comfortable with. If you are not on a tight budget, add additional rooms to your minimum for guest bedrooms and studies you feel you might need.
It’s important to try to imagine as many use cases as possible, so you know that you are buying a piece of real estate that is really going to fit you and your loved ones. If you are making compromises, make sure you understand what you are sacrificing and why.
For example, if you have children that are in school, it might be a good idea for you to make sure that they would have a comfortable place for studying. Consider the fact that they might need space for their hobbies, extracurricular interests and possibly some math tuition and the like. It will also be a good idea for them to be able to invite friends over which will help their social skills and confidence.
Size of the backyard?
A nice backyard makes a lot of difference and how much of it you have and what you have in it will have a significant bearing on your day-to-day life. Are there trees? Is there a pool or room for one? Is there a garden shed? Is there a nice place for BBQs?
Depending on the type of family activities you enjoy, the backyard might be just as important as the house itself. You want to have space for both family activities and for hosting guests or parties. When you are considering a house always ask yourself if you can imagine your family being happy and comfortable in this space.
Where it is located?
Think about what type of neighborhood you want to raise your children in and what daily commutes you are going to have to deal with. Location is an extremely important factor in the real estate world and the location of the house you buy might play a very important role in both your careers and your children’s education.
Don’t consider the location of the house only based in relation to you and your spouse’s current jobs, but on areas where you are hoping your current career path might take you. You don’t want to have to turn down your dream job because you are living in a house that is too far away from it.
It’s essential for you to consider your children’s current and future education possibilities. You want a house that is located close enough to the schools that you are hoping for your children to attend both at their current age and in the future.
It can also make a difference for them if there are informal educational centers nearby that they can take advantage in by going to course, participating in your movements or going in for tutoring be it for subjects they are struggling with in school or to learn a foreign language or a new skill
Generally speaking, the best piece of advice when selecting a long-term home for your family is to make sure not only to buy a house that is going to be a great investment, but also a house that is going to be a great home for you and your loved ones.
This article was written in collaboration with a Singaporean tuition agency, SmileTutor. You can find their site at https://smiletutor.sg.