Where Should I Live? How to Decide | CBRE Residential

What sort of things should homebuyers look for when choosing a new area to move to? Find out more about the key considerations from CBRE Residential here.

Where Should I Live?

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There’s much more to buying a home than finding a property you like and signing on the dotted line. It’s become a well-worn media cliché to invoke that magic mantra – location, location, location – but nonetheless, you do need to think very carefully about the area you’ll be moving into as well as the property itself.
 
Thorough research into the wider neighbourhood, its amenities and its prospects, is therefore vital when choosing where to live. It also helps to get an idea of what other buyers are looking for when they come to buy a property in a different district.
 
Even if the property itself appears to fit the bill perfectly, you need to take the wider living experience into account before committing yourself.
 
With all that in mind, it’s worth considering what people generally look for when asking themselves that key question – “where should I live?” Here we’ll take a closer look at the key factors to bear in mind.

 

Transport in London

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Transport is another crucial consideration for people relocating to a new neighbourhood. If you’re going to be commuting to work, you’ll need to ensure that you can get there and back without too much trouble. An excessive commute can be very wearisome, depriving you of the energy you really need to do your job to the maximum of your abilities. This can even hamper your future career prospects, so this is worth remembering.
 
If you’re going to be driving to work, make sure you explore the routes by which you can get there, and whether or not the local traffic makes it feasible. Alternatively, if you’ll be commuting by public transport, make sure that the area you choose has good bus, rail, tram or Tube links.

 

Social life

When setting up in an entirely new place, it’s absolutely crucial to get a good feel for the local social life – this shouldn’t be neglected. You could set yourself up in a great property, but you don’t want to find yourself simply holed up in it. So without plenty of things to keep you occupied (sophisticated bars and eateries, exciting nightlife, a vibrant cultural life, and so on), your new life in your new area could soon lose its lustre.
 
When moving to a new district, then, one of the biggest priorities for incoming residents is to really explore the area first. Try to get a feel for what’s on offer in nearby, and for the wider community life.

 

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Local amenities

When moving to a new place, it’s especially important to be aware of the local amenities nearby. We’ve already discussed social and cultural life as well as public transport, but there are other factors to think about. For example, these will include the proximity of your new home to local hospitals and other services, and – perhaps most importantly for those with children – the quality of the schools in the area.
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Affordability and long-term prospects

 
The cost of living is of course another important consideration for people making the switch to a new area. It’s important to have a good idea in advance of the likely financial implications of any move you make, so be sure to give this some very careful forethought. Buying property can mean taking on a substantial financial burden, and it’s always important to avoid overstretching yourself.
 
In addition to this, a vital consideration for homebuyers is the long-term outlook for the area in which they buy. What are its prospects for the years ahead? Are you likely to see a healthy return on your investment (which, inevitably, the purchase of a home is, as well as providing a place to live)? These are crucial questions for anyone relocating to a new district.
 
Thorough research is hugely important when making a decision as important as this, and there are lots of great resources online that you can use, but there’s no substitute for spending time in a particular area before moving there. This should help you get a much better flavour of the place and what it has to offer. A few days’ exploration should be sufficient to help you work out whether or not it’s for you.
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