The dynamics of a family home are constantly changing, especially if you have a large family, blended family or your children have left the family home. However, with this changing dynamic comes the need to find a new home.
So, how do you find the right property for your changing family household? In this blog, we discuss what to consider before you make the change.
Plan for the future
Our life situations and dynamics change over time. Whether you plan to expand your family or your children are now adults and moving out of the home. It could be that you are ready to downsize in the years ahead of retirement. No matter what the reason, a change triggers the desire to look forward to a new lifestyle. The blog explores the decisions of community, location and property.
Invest in an area you know
If you have decided to move to a new location, take time getting to know the area. Start by talking to people who live and run a business in the area. Also, speak to the local real estate agent to understand property prices in addition to internet research.
Buying property off-the-plan
An off the plan property appeals to people wanting to buy now and move in the future. Before buying, do your research into the developer, the timeframe for the project to be completed and the strata fees. You can avoid surprises by getting legal assistance to go over your contract. Take time to understand your floor plan if you are moving from a house to an apartment.
What type of lifestyle do you want to live?
In need of a cafe lifestyle? Want a safe place for your children to play? These considerations are likely to alter your decision when it comes to choosing a property. If you’re downsizing, an apartment lifestyle might be suitable because it gives you more time to enjoy life. In the case of a family home that’s safe for your children, you may consider a Master Planned Community.
Stay within your budget
It’s easy to spend beyond your budget on your journey to finding a property. However, it’s much less stressful when you buy a property within your budget and have surplus cash flow at hand for when you need it. Remember, you can always undertake improvements to a family home at a later stage. If you’re downsizing to retire, have a clear understanding of how much money you need to live off during retirement before buying the forever home.
Find the right property for you
With over 30 years’ experience and over 100 significant projects, Norm Carey are experts in property development. If you’d like to find out more about Norm Carey’s property projects or to find a property that suits your lifestyle and needs, contact our team.