How to choose the best location for your home?

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December 3, 2017 Investment Decision

One of the most important factors when deciding to buy an apartment is its location. Location is of paramount importance because when you are buying an apartment, it is usually an unchangeable factor once you seal the deal. So you should have a crystal clear picture of what you want in terms of location of the apartment.  Every home buyer has different preferences so you need to choose a location that fits you and other home buying factors. Here a few things to consider when you are choosing the location of your new apartment.

How much can you afford?

Location of any property has great influence on its pricing. So make sure you choose a location that fits your budget range for buying an apartment. Usually, apartments in prime locations are a bit pricier because of the added luxury they come with. For instance, apartments in Gulshan, Banani, Dhanmondi are comparatively higher in price range than other areas such as Uttara, Moghbazar, Lalmatia but still nonetheless popular choices for first time home buyers.

Check out the surrounding neighborhood

Different apartment buyers have varying preferences for what kind of neighborhood they want to settle in. For instance, you may be more inclined to city life while others may have a penchant for a serene home.

Most apartment buyers look for a location from where they can easily access the basic amenities of life such as educational facilities, medical institutes as well as entertainment options for an enriched lifestyle such as restaurants, eateries, shopping malls etc. If you are a people person and love socializing, you may look for apartments in prime locations that cater to all of your lifestyle conveniences just a short distance away.

If you seek a more tranquil environment for your home, you can look for apartments for sale tucked away in residential areas that have less traffic.

Inspect the school area

The school area in the surrounding location can also vastly impact your home buying decision. Every parent wants to provide the best education for their children so if you have children in the family or in the future, make sure there are reputed schools in the vicinity.  Sure, the city is filled with schools in every nook and corner of every street, be it a residential or commercial area but it’s important to check out the quality schools your desired apartment location can provide you.

Find out about your next door neighbors

When you are buying an apartment, you should also consider what kind of neighbor lives next door to you. It is important that you live in a community with like-minded people for healthy social bonding. This way if your kids are out socializing with them, you do not have to worry that they are being influenced by the wrong kind of people.

Commuting to work

For working home buyers, the distance from your workplace to your home can have an effect on your income. Because greater the distance, greater will be the transportation cost. So when you are buying an apartment, be calculative and see how much you can save by looking for an apartment near your workplace.

Neighborhood safety

Although mishaps can take place in any location in Dhaka city, still it is better to be safe than sorry, so before buying an apartment, check out the reputation of your apartment location. You can ask people who you know from the same area to get some insight on how safe the location is so you can buy an apartment where you do not have to worry about security issues. When buying an apartment, also check the security features included such as provision for security guard, CCTV monitoring, etc.

After evaluating all these considerations, hopefully, this article will act as a guideline to help you choose the best location for your new apartment so that you can be the proud owner of a home that fits your needs, and at the same time is a good investment for your secure future.

You can start the search for your dream apartment by browsing through our large collection of properties in various locations of the city and find the right home for you.