Your Options When Buying Your First Family Home

| October 5, 2015 | 0 Comments

Buying your first family home is a huge step to take, so you need to consider your options carefully. Some of these options are more costly than others; you’ll need to compare what you want to what you can afford.

City Apartments

The city is not seen as a great place to live for families, but is that necessarily true? Well, there are some drawbacks, but there are plenty of benefits too. The downsides are usually to do with the location. Living in the city means that you have to pay higher prices and there are lots of potential threats and dangers in big cities. You also get a lot less space in an apartment than in a house further outside the city.

There are good things about raising a family in the city though. You’ll be right in the middle of what’s going on. You’ll be close to absolutely everything you need, so you won’t need to waste time travelling long distances. You could even get rid of your car if everything you need is in walking distance. Public transport links are usually very good in big cities as well. This will save you money in the long-term, so take this into account when planning your budget.

Suburban Homes

The suburbs have always been the most popular location for families looking to buy their first home. There are lots of reasons for this. First of all, there’s the safety and security to think about. The suburbs are usually very quiet and peaceful, away from the hustle and bustle of the city. That doesn’t mean that burglars don’t target homes in the suburbs though. That’s why setting up a neighbourhood watch group is a good idea.

You tend to get a lot for your money when you buy a home in the suburbs as well. These homes are built for people with families, so they have lots of space and they tend to have gardens too. This is important for people with children who need the space to grow and expand as their family does. All suburban areas are different though, so it’s important to get to know the area and think about whether its location suits your family.

road

Image Source

Condominiums

There are lots of great things about living in a condo. They offer you much better security than most other homes because they’re usually in a gated community, making break-ins almost impossible. There are lots of great condos in places like Estero that you can take advantage of. You’ll also be able to get to know your neighbours because there’s always a great community atmosphere in these kinds of neighbourhoods.

The access to amenities you get is great too. Most of them have pools and lots are located on the waterfront, making them perfect for relaxation. Clubhouses, fitness centres and shops are also often located on the site. Maintenance will be looked after by the people who run the site, so you won’t have to worry about cutting the grass or fixing other problems. You’ll be able to live your life and focus on the important things.

Each of the three options discussed above has its pros and cons, so consider which is best for you when buying your first family home.

Category: Home Loan

Leave a Reply

?