Finding the right suburb and property is vital when you’re on the hunt for a new home, however just as important is finding the right street.
Think about your current local area. Are there streets that have impossible parking? Certain houses that have regular loud parties? While it is great to have an insight into the area you are buying, it is also a good idea to look a little closer to ensure the street is ideal too.
This is a great place to start looking to get an idea about the street you are looking to buy in.
Pay attention to how close the street is to amenities, how close the nearest public transport is and other features that are important for day-to-day life. Make sure the street has easy access to these features too. For example, there may be a large park located right behind your house, which may be a good thing if you have kids or pets, but if you are an older couple, you may not want to extra noise and footballs flying around.
Looking online can also give you an idea of how many other properties are up for sale in the same street and you could even find reviews about that certain area.
If you are nearby, head over to the street you are researching and pay attention during the trip. How noisy is it? Is there a lot of road traffic near the street? It is important to visit the street during different times of the day too. At 9am it may be peaceful and quiet, but most people are at school and work by then. Drive by during school pick up and peak hour to get a sense of what the traffic will be like and how noisy the street will be during those times. Don’t forget to check in on weekend nights to see if there are regular house parties going on.
Once you have driven around the area, hop out and explore the street on foot. Pay attention to the properties around you as they can give you an idea of what the property you are looking at is worth. You also want to look out for well maintained properties. If the street is well-kept that’s a good sign that the neighbours look after their property, however overgrown gardens and debris may indicate otherwise.
Speaking with the council can give you an idea about what is planned for the future. You may find that there will be a new development starting in the next couple of years which could increase noise. There could be a new school or shopping centre being built just a few kilometres down the road, which may suit your lifestyle needs. You can also find out whether the street is a floor or natural disaster zone.
There are a number of other professionals that have the expertise to provide information about the street you are researching. Property managers can point out ‘problem areas’ or where renters are looking to rent (if you are purchasing an investment property). A real estate agent (who isn’t directly involved in the purchase process of the property you are looking at) can give information on which streets achieve higher sales prices and which sides of the area are more desirable.
See if you qualify. To get a more accurate idea of how much you can borrow with State Custodians,