5 NEIGHBORHOOD FACTS TO CHECK BEFORE BUYING PROPERTY
People move in and move out everywhere around the world. But you can’t just go buy an apartment and assume that’s it.
If you’re planning to buy that amazing apartment in Port de la Mer or Bluewaters residences that you’ve been considering for a while, there are some facts that you might want to double-check first like safety or distance to work. Here they are:
1: TIME IN THE MARKET
Most of the homes and apartments prices in an area are influenced by what surrounds them, such as planned upgrades or upcoming amenities. Checking current values around the area can give you an idea of how the market’s doing in the area.
This type of information can be obtained mostly from real estate agencies in Dubai, but you can also get it from local officials and other civil institutions.
Believe it or not, schools have a lot of influence when it comes to an area’s property price performance.
When a neighborhood has excellent schools, it will be very sought after and, because of this, will tend to maintain higher property values.
3: WHAT SURROUNDS THE AREA?
The surrounding of the neighborhood is also very important because you have to know what kind of place you’d like to live in. Would you live in a chic-fancy CityWalk Dubai apartment? Or would you rather go somewhere calm and look for a luxury apartment with amazing views of the sea in Port de la Mer?
Proximity to amenities like medical and recreational facilities, parks, green areas, etc. should always be considered in your final decision.
Distance from the neighborhood to your workplace is also very important due to commute. This is something that almost everyone does on a daily basis and it’s something important to keep in mind.
A good public transportation system usually affects the property’s value positively.
Safety and security is, probably, the first thing you should check when you’re planning to buy a property in a neighborhood, no matter where.
You should consider aspects of the area that make it safer like walkways, security systems etc.
Something that you need to be very clear about is that your chosen property should fit all of your requirements. Double-checking these 5 facts above will probably make it easier for you to make the right decision.