Choosing a new home can be overwhelming for first-time buyers. There are plenty of factors to consider, such as budget, size, and location. While there are many aspects to a perfect property, one factor mainly decides if the property’s value will appreciate or depreciate in the future: Location.
As a first-time buyer, you might be wondering why location is more important than the actual building or house. This is because a property’s physical structure typically depreciates over time. The house’s monetary value goes down as time and weather wear down the roof and walls. The location or land, on the other hand, appreciates because of scarcity.
Unlike a house or building that can be renovated and added to overtime, the land is limited. If you think about it, no one is producing any more earth. As the population also increases, so makes the demand for land.
With that in mind, here are a few things to consider when choosing the perfect location:
1. Centrality and Development
The first factor to consider in choosing the perfect location is centrality and development. Highly developed places do not have a lot of room for additional growth and tend to have higher prices than areas with more space to expand. Commercial development can also improve property values. When looking for a home, try to find out whether any new public, commercial, or residential developments are planned and consider how these additions might affect the desirability of the surrounding areas.
If you are looking to move to a peaceful yet developing place in New Zealand, you might want to check out Whangarei. The greater Northland region, specifically, is experiencing an economic boom. Roading developments will make the journey to Auckland closer. Improvements to the city centre and nearby Hatea river have also added to the city’s beauty, resulting in more tourism.
When it comes to technological developments, the Hawaiki Submarine Cable LP at nearby Mangawhai Heads boasts a 15,000 km fiber optic deep-sea cable linking Australia, New Zealand, the Pacific, and United States. The line delivers 43 terabits of additional communications capacity in the region—several times the current levels of Australia and New Zealand combined—on a fully diverse subsea route. If you are looking for the perfect Whangarei real estate, https://whangareirealestate.co.nz/ has the best locations.
The kind of people you want in your community will mostly come from personal choice, but a great neighborhood will have accessibility, appearance, and amenities. For accessibility, consider places near significant transit routes with more than one point of entry. When it comes to amenities, we highly suggest choosing a neighbourhood with easy access to your everyday needs. If you have children, it is best to consider a place near the right school.
If you are looking for good neighbourhoods in the north, Whangarei has excellent schools in and around the place. The schools provide holistic education with a strong emphasis on environmental protection. Whangarei schools are known to encourage community involvement and nurture problem-solving skills.
Aside from schools, Whangarei has a variety of utilities for sports and fitness enthusiasts. The place boasts an international-standard stadium. You can choose to do a wide array of sports such as rugby, soccer, netball, basketball, and more. Just 10 minutes from the city centre lies The Pines golf course. The golf course has one of the most beautiful views that look out across the harbour and over the majestic mountain formations of Whangarei Heads.
3. Section Location and House
If you have your eyes on a house right on a busy road or very close to a highway, you might be able to get it for a lower price. However, there is also a higher chance that it will be difficult to sell later on. While comfort and accessibility are important factors to consider, do not forget to think about the future and what you would like to do to the house in the coming decades.
Another aspect of house hunting that surprises people is the value of a house that requires plenty of repairs. Let us say that you have to choose between a home that needs plenty of repairs but is on a huge Section, and the other that is in perfect condition but only has half the size of the former house. While the prices may seem similar, the place that needs repairs is typically the better investment.
Different people have different needs, but at the end of the day, successful real estate investors look beyond the stylistic attributes of prospective home purchases and concentrate on a property’s potential for land appreciation. If you are looking for the perfect home, try to look beyond the house’s attractiveness as you can always renovate. Instead, concentrate on locations that provide opportunities for improvement.
Aside from its economic boom, Whangarei is also a great place to work. If you are looking for a place to stay, whether you are just starting work or looking to advance your career prospects, Whangarei will set you on the right track.
Not sure who to ask in choosing the best place in Whangarei? Real Estate Whangarei has access to agents and experts who can advise. Looking to see, get a Free Property Valuation with no ties, costs or hassle.
Are you ready to see the house of your dreams? Get in touch with Real Estate Whangarei today!