THE GUIDE TO BUYING A HOME

Step 4 – What to Buy & Where to Live?

Choose property type

Now that you have an idea of your financial situation, the next step is analysing what kind of property you require and where you want to live. In determining the type of property you want, identify the most important things you want from your home to narrow down your search. Consider the following points:

• Do you want to live in a house, semi-detached house, terrace, townhouse or unit?
• Do you want to live on a large block of land or a smaller, lower maintenance block?
• How many bedrooms do you need?
• How many bathrooms do you need?
• Do you require off street parking? If so, how many spaces?
• Do you want a new or renovated home or are you happy to live in an older run down home with potential
• Do you want any other special features such as a pool, or landscaped gardens, etc?

Once you have decided what type of property you want, you then need to work out where you want to live.

Choose location

It is a good idea to choose 2 or 3 Suburbs that suit you and your family’s needs. Things to consider:

• Is it close to transport, schools, shopping, entertainment, parks, beaches, the city, sports facilities, etc?
• Do you need to live close to family for support?
• Do you want to live in the city or in the bush?
• Do you need to compromise on the type of property you want so that you can afford to live in that suburb?

Summary

By now you should have a clear idea of what you and your family are looking for in your new home. Write your answers in the box below:

Now here comes the fun part…

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