It’s a term that once never existed, but nowadays someone’s “forever home” is on the tip of most real estate agent’s tongues.
Put simply, this is a home that you see yourself in for a very long time. It might not be forever, but it’s certainly for the next decade or few.
Of course, finding such a home is easier said than done. This is already going to be the most expensive purchase of your life, and lumbering it with the “forever” term suggests that there’s absolutely no margin for error.
As such, here is some help. Here are some tips to help you land your forever home much more easily.
Are you moving to the right area?
It sounds a simple question but if you have started your house buying journey, you’ll know that there’s no simple answer when it comes to location.
The boundaries for good and bad locations vary considerably and unless you know an area inside-out, there can even be an element of luck on whether or not your find the right home for you and your family.
In the case of your forever home, this is about having one eye on the future though. In other words, what you might want in several years’ time from your neighborhood might be completely different for now. As an example, if the kids are growing older and won’t be living at home much longer, you might want to look at neighborhoods which are comprised of older residents. This study highlights how you can work this out, although even if you haven’t fallen into this category yet you can still put together your own data sources to find out other suitable nearby areas.
What are the neighbors like?
Once upon a time, everybody knew their neighbors. Nowadays, this isn’t necessarily the case.
Of course, if you are planning to live in an area for the foreseeable future, making sure that you are at least surrounded by a friendly community should be part of your plans. You’re not going to get along with everyone, but a few friendly faces certainly isn’t going to do anyone any harm.
Unlike the previous point, data might not really come to your assistance here. Instead, you might have to conduct your own research, whether it’s asking the locals themselves, visiting the local pub or anything else that gets you in the vicinity ahead of you making an offer.
Is the whole family (present and future) considered?
The main point about a forever home is making sure that everybody has considered. Of course, if you are part of a young couple, there’s every chance that there will be more of the two of you living together in a few years’ time.
Suffice to say your next home needs to take this into account. Or, at least provide you with the potential to extend if your family needs do change.
What’s on the horizon?
It’s not just your circumstances that can change, but so can that of the local area. As we all know, the authorities are attempting to build more and more new homes. If you fall into an area which is being targeted by such initiatives, it can obviously have repercussions.
Keep tabs on the plans for your area of choice in a bid to safeguard your own future.