Three things to consider before buying a family home

Buying a residential property for the family is an investment that requires much thought. It is especially true for couples who are just starting out. Eugene Bernshtam shares these three things to consider when buying a family home.

Budget

Before investing in a home, it would be good to consider the family's long-term budget. Homeowners should remember that compared to renting, buying a home comes with other expenses such as valuation, surveyor, broker, and homeowner fees. There might also be a need to save up for renovation, especially when purchasing an older property. Before buying a house, people must consider all the possible hidden costs to not be surprised after moving in.

Space

Many families are choosing to move to lower-density cities. But before saying yes to just any home, homeowners should consider the space. Is it a place that can accommodate a growing family? Eugene Bernshtam says that those with small children should consider if the place they're buying would still be right for them in 10 or so years when the kids are all grown up.

Accessibility

Many potential homeowners are letting go of their big-city dreams in favor of suburban areas where they can raise their families. However, before deciding to move to a new place, they should consider accessibility. Even if people do more at home in the next few years, the family home must still be close to schools, shopping areas, hospitals, and business areas.

Passionate about automobiles and real estate, Eugene Bernshtam then went on to start his own businesses. He believes that having a good work ethic is essential to success. Visit this page for updates.