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Keeping it Local: Getting to Know a Property and Neighbourhood before You Buy

Buying the right home is more than finding a nice property. Learn more about a prospective purchase by getting to know the neighbourhood with these tips.

When you purchase a property you plan to live in, it’s important to understand you’re investing in so much more than a house or an apartment. From the layout and size of the property to the neighbourhood that surrounds it, a home is an investment in your desired lifestyle for years to come.

To ensure your next home suits your needs and is right for you, we’ve gathered some information you might want to consider to get to know a prospective purchase on a deeper level.

Getting to know the neighbours

This doesn’t mean knocking on the front door of neighbouring houses and introducing yourself – although you may want to do that too. What we mean by this is understanding that the placement of your home can really impact its suitability to you. A perfect home right next to a train line, for example, may not be suitable. Just like a new home that is placed next to an upcoming apartment complex may be something you wish to avoid.

Getting to know the properties surrounding your own, as well as any indicators that they are likely to change will help you determine if this purchase is right for you. Constructions projects, while inconvenient in the short term could also impact your enjoyment of a property in the long term if it obstructs your views, introduces noise or reduces the value of the area.

How is the area as a whole?

This is similar to the point above, but branches out further than the street your property is on. Look at the facilities in the neighbourhood, the average cost for homes and if this has increased or decreased recently. Are any public spaces well maintained? Will you have everything you need within walking distance? If not, how is parking or public transport?

You’ll know all too well how important location is when selecting a home. However, many of us look at the location in terms of being close to work or loved ones and not what the neighbourhood itself can offer in terms of the lifestyle you’d like to enjoy.

Asking a local for advice

Getting an objective opinion is important for buyers to identify anything they’ve missed while looking at a property through rose-coloured glasses. A local property inspector is a great choice as they’ll not only know the history of properties in the area; they’ll give you an unbiased opinion on the condition of the property. Your local inspector will have inspected surrounding homes and can identify if there is a trend such as termite prone areas, which could impact you as a potential buyer.

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