Selecting the right suburb in which to live is just as important as finding the right house, so how do you know your new prospective suburb is the right fit for you and your family? You should consider these five factors before making your decision.
Your personal situation
Your personal situation is a major factor to consider, in any of your big “life decisions”, so don’t overlook it when selecting a suburb for your new home. What are your needs? Do you have a growing family that requires an area in close proximity to good schools and universities? Are you returning home from abroad? Are you a bachelor? Each of these situations has its own specific factors to take into account.
Think outside the box
Are you prepared to buy a house in another territory or state? If so, you need to ask yourself how that territory is performing and where the properties in that territory sit on the property clock. A property clock is a visual representation of a survey that indicates where investors and experts believe the market is. You wouldn’t want to buy into a territory or state that is in a slowdown or heading toward the bottom of the market.
Once you think you’ve found a suitable state, you need to think deeper and ask yourself how much you can afford, and then compare that to what is available. This is also a good time to find out about the overall development plans for the territory or state to help you pinpoint areas that are geared for growth.
Localising your knowledge
Now that you have an idea of the areas that are ripe for growth, you can decide on a suburb. Once again you need to consider the development plans for the suburb and get to know the dynamics within the local government area. This is also a good time to get some information from the locals, try and speak to real estate agents, property managers and the local council to get a feel for the area.
Understanding your suburb
Once you’ve selected your potential new neighbourhood, familiarise yourself with the pros and cons of living here. Find out which properties or developments are most desirable and what the amenity level in the area is.
If you’re looking for a property in Ghana why not consider the suburb of East Legon, Accra’s fastest-growing middle- to upper-income community.
Contact Mobus today to find out how you can become a part of this community by buying into one of our developments.
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