Property Location Is Everything
Location, location, location. We’ve all heard the saying a million times and there’s a good reason for that. Location is the one thing about your home that can’t be changed. The floors can be replaced, walls can be painted and (depending on zoning laws) you can even add new rooms. So, if you’ve ever asked yourself, “does the address of the house really matter?” or “should I buy a house based on location?” The answer is a big, fat yes. Take a look at the most important things when looking for the best house location.
Best House Location Basics: It’s Not Just About Investment
The best place to buy property isn’t just about making money on resale. If you’re going to be living there, you’ll need to consider what lifestyle the area will afford you. How close is the nearest supermarket? Is there a hospital in close proximity? Can your kids go to school nearby or will you be stuck in traffic dropping them off in the morning? These are just some of the most important factors to consider when choosing a house.
4 Best House Location Hunt Tips
- Daily Commute: if you’re travelling to work every day, whether it’s driving or using some form of public transport, you must think about this. (People working from home can skip ahead). But that doesn’t mean that you absolutely have to live close to work! Check out places where you can travel into work in the morning against traffic.
- Lot Location: Industry specialists all agree: a house, just like a car, is a depreciating asset. But the land is not! That said, not all land is equally valuable. A plot next to the highway or rubbish dump will never be as valuable. Quiet streets are highly prized and if you can, you should keep your eyes peeled for those!
- Your Budget?: Most people would love to live in affluent neighbourhoods like Constantia but you have to work within your budget. That means certain sacrifices might need to be made to find the best value for your money.
- Safety: Feeling safe and secure is extremely important. Areas with low crime rates are less likely to depreciate in value over time. The first place to start assessing the safety of a community is the street lights. Locations with functional street lights have 36% lower rates of serious crimes than areas with poor night time visibility. Beyond municipal lighting, check for children playing outside, neighbourhood watch groups, and regular community events are an easy way to spot safer locations.
With so many variables to consider, it’s a relief to know that experienced, full-status agents at Faircape Sales & Leasing are just a phone call away. Our Cape Town agents know the Mother City well and will be able to guide you to the best property location to put down roots, find your starter house or expand your property portfolio.