Ideal Location for A House
In recent times we at Al-Ghani real estate agency have come across multiple land and plots for sale in Lahore. This is due to rapid urbanization and real estate boom that today we find plots on instalments in Lahore at ease along with the development of various new housing schemes.
In times where life is at a rush, people often find it easy to purchase a house rather than a plot to later build their house. But one cannot right away plan to spend a fortune on a property that is not worth it. A house is a massive investment that essentially affects your lifestyle and living standards. Not just this, just as plots, the resale value of a house must also be considered before purchasing it. But above all, we are here to highlight the factors that determine an ideal location for a house. But why does location even matter?
Why is location important to consider before purchasing a house?
Being able to invest in a plot or house at an ideal location is as equal to hitting a lifetime jackpot. Real estate is majorly about locations and how do investors, buyers, sellers make the most out of it.
Your house’s location can significantly add or decrease its value with time! This is indeed the biggest factor why location matters. But what does this really mean? Here are all the factors that determine an ideal location for a house.
The Centrality of The Location
This one factor can also be determined by analysing how accessible the location of your house is. A house must be located at an area that easily connects with around. If you choose to live in a developed city or town, from the cost of the property to cost of living, everything will be much higher than choosing to live at an underdeveloped or developing area. But here is more to it, buying a house at a developing housing scheme or town may lead to increasing its value once that it has been completely developed and connects well with the rest of the city. For this, you must be aware of the undergoing development projects within the community and around it to be able to make a smart investment.
Similarly, just as Lahore has developed and is expanding, areas around in the suburbs have suffered from lower property rates. The reason is their distance from city life and facilities. Thus, plan to choose a location that connects well with the town and is located somewhere to the centre of the city.
Also read: Effective Ways for Decorating a Small House
Vicinity and its conditions
The neighbourhood where you choose to live matters a lot in determining the ideal location for a house. A peaceful vicinity with greenery and facilities will be of much a greater value than one with busy roads and increasing crime rate.
Your house’s vicinity must connect the place to the city making it accessible to all the facilities of the town. While choosing a house, make sure your neighbourhood has a good grocery store, school, parks, shopping areas with proper parking and other places to enjoy. This will make your life a lot easier and save the overall commuting expenditure.
House buyers always consider what the vicinity has to offer them as per to lead an ideal lifestyle without any hassle.
Just as stated above, even if you choose to buy a house at an underdeveloped or developing area, its value can significantly increase with time as development projects complete. Your neighbourhood might get a shopping mall in later years, making multiple brands and recreational activities accessible. similarly, the development of a highway closer might connect your house to the city even better.
However, for this, you must research and understand the upcoming projects and their effects on your choice of house. Because just as the development of a highway can connect your area with the city it can also bring in a lot of traffic noise.
The Location itself
The location itself can make a greater difference to the lifestyle that you want to lead in a house of your own. If you end up buying a house that is closer to a school, then you will have to bear with the traffic during working days in the morning and afternoon. On the same side, in case of a mall or a hospital, the rush hours may vary, and the noise of traffic will highly affect your routine. This factor can also lower your property’s value as people tend to choose houses at peaceful locations rather than noisy areas where stepping outside is a hassle itself.
Alternatively, a house at a peaceful location with greenery and a soothing view will have greater value in terms of lifestyle and money, not just at present but also in the future.
The Property Conditions
After considering all the above-mentioned factors, you may come across multiple properties with a similar price but different conditions. Also, you might have to choose between a large less maintained house and a perfectly maintained small house at the same price. This is when you need to act smart and see what might be beneficial in near future.
A small maintained house might look just perfect but its value might not impressive. Alternatively, a larger house’s land value might be greater due to its size, location and other factors. Thus, choose what fits your need and plan.
Location thus is a very critical feature of a property especially in terms of a house. Good facilities, security, maintained housing societies are just one aspect of choosing an ideal location, however, the listed factors equally contribute to the location of an ideal house. We have managed to bring together all the larger factors that contribute to an ideal location while purchasing a house.
Purchasing a house is a tough decision especially when you can find hundreds of options fitting your needs. But there is more to just finding a house, it is about finding a house with an ideal location to match your lifestyle. Thus, we have put together all the larger factors that determine an ideal location for a house, making it easier for you to consider options and make a fine choice. From accessibility, vicinity, facilities and size, many things contribute to an ideal location, here you will find all that matters.