6 tips on buying a home that can grow with your family

Last updated on November 25th, 2021 at 09:53 am by Bill Tsouvalas

Navigating the property market to find a home that will meet your needs can be tricky, especially when you are looking for a property that will grow with your family. Considering your family’s needs and the home features can make you be on your way of finding a home that will grow with your family. Here are six tips that can help you find the right home.

1. Spacious living

Space can be a major factor when it comes to finding a home that can grow with your family. This is usually top of the list for family’s that are looking for a property that they can grow with. Check to see if the property has enough rooms for a growing family. A house that comes with a backyard or a yard in front can be great for your children to play in, but also check that there is enough space.

2. Storage

More Aussie families are finding themselves taking up apartment living due to the high property costs. According to the Australian Bureau of Statistics, 44% of people who stayed in apartments were families. Storage can be an issue especially when you have children, which is why consider if the property has adequate storage space or if you will be able to purchase smart storage furniture for it.

3. A family friendly neighbourhood

Where you choose to stay can either give you serenity or mess with your sanity. If you are planning on having children or already have children, it is vital to check if the neighbourood will be a conducive area to live in. Having a house that is close to all the important amenities such as schools, shopping centres, transport, and medical facilities can be a worthwhile investment. You may find an issue if you choose a property in a noisy area.

4. Is the layout suitable

Before buying a house have a look at the layout, especially if you have toddlers. Open plan properties can give you a good view of the house at all times which also means that you will be able to spot your child more easily. Having bathrooms close by to bedrooms can be beneficial, especially if you have elderly parents who will be stopping by often.

5. Does it have security features

Protecting your loved ones is the most important thing, which means finding a house that can provide you with such features. If the house doesn’t come with such features then it is worthwhile to consider the cost of installing security around your home.

6. Affordability

Purchasing a home comes with a range of expenses that need to be carefully considered. Before getting a pre-approved home loan it is essential to check if your budget will be able to handle the cost of owning a new home. Using a loan calculator can give you an estimate of how much you will be paying over the loan term. It can also let you know if the interest rate is affordable for your budget.

Speaking to a financial advisor is also helpful when it comes to finding something that is suitable for your finances. Remember to look out for the interest rate, ongoing fees, and charges that come with it.

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