Before buying a home there are many considerations to be taken into account, whether it is for personal use or will be used for investment purposes. Price, location and nearness to local business centres, schools and hospitals all need to be determined at the outset. For single people who work in the city and prefer to live in a unit or flat, something close to the city would cut down on travel time and expense, and allow close proximity to entertainment venues as well. If however they are looking for an investment property they would need to have a closer look at prime value locations and family homes.
Families of course need to be close to schools and hospitals and not too far away from shopping centres. If the breadwinner has to commute by public transport this too must be considered. A park nearby where the children could play and walk the dog would be a desirable factor if this were possible. Of course if driving to work in the family car was the usual practice then it would also be better to locate reasonably close to work to cut down on travel time, especially if both work and have to pick up children after school or child care. Checking online real estate agencies in Sydney could be helpful in finding what you need.
Investors must consider much the same thing when choosing their real estate, as to locality and nearness to local infrastructure if they intend to rent out homes not units or flats. A home with at least three bedrooms, with a good size yard for kids and pets, fully fenced and close to shops, schools and hospitals is a good start. Of course for the investor there is more to consider. If their investment is going to be a short term one with the idea of selling when prices peak they will need to buy in an area that is going ahead and is one of the “desirable” suburbs. This is also a good idea for the long-term investor as well, as tenants will be happy to stay on longer in a good suburb that offers privacy and a peaceful environment.
A well-coined phrase in real estate is “location, location, location”, and this pretty well sums it up. The upmarket areas don’t sell cheap properties, and the profit they realize when selling years later is a small fortune if many cases. Investors that can get into this market will be set for life.
