House vs area

[brian]

My mum emphasised a good point to me - she said make sure you buy something that you can resell again in 5 years time if you find yourselves wanting to move again.

The area I'm living in now is really up-and-coming, and the houses are probably going to see pretty good rises over the next few years - great scenery, improving transport links (even a new railway line), and prices relatively low until recently.

However, it's worth mentioning that buying in a changing area is maybe the key - my brother lives in a new build property by itself in the middle of an old RAF base, where the forces homes were sold off. It basically looks like a council estate by itself among the fields, and my mum has suggested that will put off a lot of buyers - decent property, less decent location.

[OneofaKind]

Originally Posted by ninikins

Thinking about buying a property as an investment should always be the case. You will sell eventually, most likely and it's important to consider this.

Not necessarily. I intend to buy a few properties for the long term without the intention of selling in my life time.

[sweet_mayhem]

Originally Posted by OneofaKind

If I was in your position, I think I would definitely go for area over house.

It's not worth having a large home if you don't have the peace of mind to enjoy it.

On the other hand, it might be an option to find a nice part of a generally not so good area

i would do the same. i definitely would prioritize the area first. but still, that won't stop me from finding a great house in the great area i've found. if i find it, that would definitely be the property for me and my family. then again, of course, it's not easy to find it.

[destiny_star2006]

That is a very important factor to consider!
I mean the area will be their forever!
And if you have children growing up around that area you need to consider alot more1
Like would you be happy to let your child grow up in an area like that!
But I mean if i found my dream home I would just have to weigh up the pros and cons of it all!

[sam the man]

little house lovely people kids safe on streets, big house going cheep lads hanging aroung outside your house on mopeds rideing up and down your road out there heads on dope but you are been oferd this house 80 grand below the real price sam

[destiny_star2006]

This is the main reason why I want to buy my own home!
So as I can decide where I live and not the local council putting you in the areas where no one else wants to be and for very good reason!

[ninikins]

It's a good idea to find out if there are going to be any major developments...supermarkets being built close by and such. That can change house prices a lot.

[vicki2]

I've gambled before on up and coming areas, and have been pretty lucky, but it takes alot of research and finally just hitching up your pants and betting. Can be fun if you don't mind waiting it out at times.

[ninikins]

Talking to people who live in the area helped me a lot.

[S2Anna]

Up and coming every time. Do your research, find a regeneration area. The area we bougnt in hasnt even began regen yet and out flat value is up 167% in under 4 years. We got told we were crazy to buy it by people now eating their words.