When buying a house in a traditional housing society or in a smart one, there are many things to consider, such as what size of the house is best suited or what location is ideal.
In reality, both points are critical in their respective ways. However, the significance is determined by the buyers’ requirements and needs. The majority of realtors advise buyers that location is the most critical factor. Those who intend to expand their family in the near future, on the other hand, prioritize house size over the location.
Now, if you struggle to decide whether to go with the size or location, the issue will get resolved as you proceed with the guide below.
The location of the Home Matters if
Planning to Rent Out the Property
If you plan to rent out your home or use it as an Airbnb in the near future, it is when the property’s geographic location is most important, and there are several reasons for this. The area has an impact on the rent, either positively or negatively. It also determines whether or not you will get tenants.
Have School Going Children
When you have school-aged children, ignoring location is not a good idea. The parents’ number one priority is to ensure that the area or society has good schools like the capital smart city of Islamabad promised. They even instruct realtors to focus on this point when looking for a home. It is the time when buyers will even disregard other factors.
Planning to Sell a Home in Future
If you are purchasing a home with the intention of making it you’re forever home, that is fine. The location is unimportant. However, if you intend to sell the house and move into a better one in the future, you must ensure that the resale value of the house is not harmed in any way.
Remember, the centrality of your location will also affect your home’s value. So, don’t take it lightly.
You Need Certain Amenities Around
If you are an outgoing person, there are a few amenities that you should not overlook at any cost, such as a nearby coffee shop or public transportation to easily get to the locations.
The Size of the Home Matters if
You are Planning to Grow a Family
When you are planning to expand your family, choosing the right size house is critical. At that time, choosing a home with only one or two bedrooms is not a wise decision. If you have a limited budget, it is not possible for you to buy a house in a convenient location for commuting. Don’t be concerned; it’s a minor sacrifice that won’t cause you too much trouble.
You Already Have a Huge Family
You have a large family, and the house you are currently living in does not have enough space for everyone. It’s a sign that it’s time to upgrade to a bigger and better home. There’s no point in sacrificing everyone’s comfort just to get a house in a great location. As a result, in a priority list, the size of the house comes first, followed by location.
There is no need for a Huge House, as you Travel a Lot
When you travel frequently and rarely return home, it is critical to consider the size of your home. There is no point in purchasing a too large or small home because both will increase your expenses. At that time, it is preferable to go with a small-sized rented property.
Some people prefer to live in a small house because they are about to retire or desire to live a simple life. Now, if you are leaving a place where you know everyone, moving out will be difficult for you. However, for the sake of your future and to save money, you must disregard your preferred location.
Are you Ready to Relocate?
So that you know what factor you should consider first according to the situation, it is time to begin house hunting and relocate. But remember one thing that the above discussed two factors aren’t the only things you need to keep in mind when looking for a property. There are many more points like the price of the property condition and so on. So, it is better you hire a professional agent who guides you about everything at each step.