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What should you compromise on when buying property?

8 Jul 2015 cathrynmcdonnell 0 Comment

house keyUnless you’re cashed up and building a home from scratch it’s impossible to find a home that meets your every need and want.

There’s no such thing as the “perfect” property, however you can come close – you just need to figure out what property features are non-negotiable and what ones you are happy to compromise on.

Location

Location is often the biggest non-negotiable simply because it’s the one thing that absolutely cannot be changed. You can add extra rooms, solar panels or a deck out the back, but you can’t change where you are.

However if you can’t afford to buy in the area you like, it’s worth investigating nearby suburbs. Sometimes you can find houses a few streets away that are much cheaper because of different zoning or because they’re not quite as close to shops or cafes, but are still lovely neighbourhoods.

Land size

Another important consideration is land size and this will be more important for some than others. Some families are happy to live in apartments or townhouses with small gardens, while others want room to run out the back or grow a vegie garden.

Property features

Once you have an idea of where you want to buy, and the property type or size you’re after then it’s time to think about what you want the property to have. This is probably where most people can compromise, but here are a few things that you might want to look for in a property:

–       Property layout – do you prefer open-plan?

–       Number of bedrooms

–       Number of bathrooms

–       Car or garage space

–       Pool

–       Space for a study or man-cave

–       Natural light

–       Storage areas

–       Whether or not the property needs renovations

Your list of non-negotiables could go on and on but it’s best to only have a few, because the more you have, the harder it will be to find a home that meets your needs.

At Arbee Real Estate we’re interested to know what your property non-negotiables are?

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