When it comes to purchasing a house, it’s always tempting to purchase the house that’s perfect for the time being. You know, that quaint, two-bedroom house just down the road from your office and your favourite late-night snackbar. It might not have any green space or a backyard, but that’s what patios are for, right?
While this house might be perfect for right now, it might not be the right house five years from now. Of course, you can always move home to find a house more suited to your situation down the line. But, let’s be honest, moving can be incredibly time-consuming and expensive. On top of balancing your work life, health and friends and family, who wants to focus their time and energy on real estate?
Instead, why not shift your focus to finding a home that works for both the time-being and the future? We’re listing the five most crucial factors to consider when estimating the longevity of a potential home.
In choosing the neighbourhood of your first home, it’s always tempting to choose a location close to work or your favourite gym and post-work spots.
But, what about the school zones, noise pollution and future developments of that ‘hood? While the train across the street might not bother you now, this noise might be problematic when you have an infant. If you plan to start a family, you want to ensure that you’re raising your children in a safe and secure neighbourhood. You also want to know that they have good access to reputable schools, programs and family-friendly amenities.
If you don’t plan to start a family, you still want to ensure that you’re in a fitting neighbourhood. Five years from now, you might not desire a home in such an urban and fast-paced environment.
Consider Bedrooms and Bathrooms
It might just be yourself or the two or you for now, but this is likely to change in the future.
Even if you’re not planning to have children, you’re likely going to be housing overnight guests and in-laws from time-to-time. While two bedrooms and a single bathroom work for now, this likely isn’t going to cut it down the line.
At the end of the day, you want to ensure that the number of bedrooms and bathrooms in your home will serve your future plans. This will save you from moving house simply due to the need of an additional bedroom.
Is There Recreation Space?
Whether it’s for hosting family, friends or giving your kids a space to play, you’re eventually going to want a designated recreation area in your home. Typically out of sight, this area houses the majority of the playing, activities and even storage needs in the home.
In many cases, first-time homebuyers look to the basement for this recreation area. This is a great place to add an additional bedroom and bathroom and provide a simple place for kids to play and store their toys.
Is There Potential to Expand?
It’s not uncommon for starter homes to have a smaller square footage. After all, this is what helps to make the home for affordable for first-time homebuyers. While this square footage is sure to serve you well for a few years, you’re more than likely going to require additional space soon.
The good news is that the requirement for further square footage doesn’t have to result in moving. Instead, you can simply look to add an addition to your home. This could be anything from adding another story or expanding the first-floor to finishing your basement.
You want to ensure that your house allows for the proper zoning to one day commit to these renovations and expansions.
Planning For The Future
Let’s be honest, no one likes moving! It’s stressful, it’s costly and it feels like the health of the real estate market is constantly fluctuating.
If you’re looking to minimize your need to move in the future, it’s best to start planning for the future in the first place. When you walk into a potential home, don’t be afraid to ask yourself these questions. While it’s always tempting to buy for right now, it’s always best to buy for the future.
Trust us, your future self is going to be pretty thankful that you did.
Visit Nobul.com to find a house that’s fit for the present and future you.