Allianz Home Insurance

 

Buying a house? Choose the right suburb!

by Chris Lang on March 16, 2008

Investors or homebuyers, we all would love to see our property going up in price. So why leave that up to chance, if we can have a say in this? Choosing the right suburb can make all the difference, if done wisely.

According to the experts, there are several signs to help you find a suburb that is about to boom. Ideally, it should have shopping centers, restaurants, schools and libraries, sporting facilities, parks and hospitals. The public transport should be good and the suburb should be located near decent transport routs. Beachside suburbs (or those with access to the beach) usually grow better in price. The suburb should be able to offer different styles of housing. Another tip for a possible bargain suburb is that it is located next to suburbs that grew in price significantly over the recent period of time.

I know that all of those signs are no more than the common sense – but it helps to have a list of things to look for.

{ 1 comment… read it below or add one }

Winnie June 24, 2013 at 8:28 am

It’s difficult to find educated people about this subject, however, you sound like you know what you’re talking about!
Thanks

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