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November 3, 2020Attention: everyone is looking for an area in London. If you have decided to move to London, it’s time to make your search for a home comprehensive and meticulous. Why? Well, it’s because you don’t want to get involved in the last-minute hassle or end up making wrong decisions. Do you?
London’s property market is quite versatile. Whether you talk about the variation in prices or the types of properties, there is something for everyone’s needs. However, that also creates a lot of confusion. Where Colindale new homes and flats persist an esteemed appeal, you will observe a fashionable vibe in the ambience of Belgravia.
That means searching for an area in London without proper research is like stepping into a puddle of confusion. However, stressing is not an option. This guide will help you note important elements or factors to focus on when finding an area to live in London. So, let’s begin before Christmas bells start ringing.
1. Cost/Price Is an Inevitable Factor
The selection of the area should be based on the limit of your budget. As London is one of the most expensive cities to live in, a budgetary approach will simplify your task. Despite the high rates of property in London, you can still find some affordable areas in London to buy a property under your tight budget.
Advantages
- Makes your research feasible.
- You can easily shortlist the areas along with the type of property.
Disadvantages
- Without a budget, you won’t be able to initiate the purchasing procedure.
2. Type of Property Must Be Predetermined
You have to decide the type of property based on your family requirements. Do you have kids for whom you may need extra space, or are you planning to get an apartment for your work life?
Advantages
- Determining the type of property will help you make the process easier.
- You can shortlist the areas and know if the type of property you want is available in that particular area.
Disadvantages
- If you don’t know the type of property, you might lead the process in the wrong direction.
3. Determine the Scope of Employment
Choosing an area based on the prospects of growth is a wise choice. You need to select an area that offers proximity to the corporate zone of the city. Also, people who are already employed should check if the area has connectivity with their work location. This helps you develop a work-life balance. For example, if you buy a property in the countryside of London, you may miss the time you want to spend with your kids while travelling.
Advantages
- Benefits your work life.
- Locations like Camden, Richmond are well-suited for people willing to enjoy balance in their professional and personal life.
Disadvantages
- Not determining the impact of location on your work life can create a struggle in your personal life.
- Locations not close to the city’s mainstream are likely to offer lower returns.
4. Access to Amenities
When planning to move with your family, you must check the accessibility of basic amenities like places to shop, schools, restaurants, pubs, and other outlets for utility. This factor is always important, regardless of your marital status.
Advantages
- Choosing a location based on its proximity to the basic amenities of life will increase the value of the house.
- Fosters ease of living.
- Areas with better amenities are reputed.
Disadvantages
- If you don’t determine these things at first, you might land up in a location offering a difficult lifestyle.
5. Commuting Aspects
The price of living, type of property, surroundings are all significant, but connectivity with the rest of the city is simply unavoidable. You have to see if the location you choose has the right transportation services.
Advantages
- Finding commutable areas for living enables you to simplify the decision-making process.
- Also, a location with connectivity through public transports will help you lower your transportation cost.
Disadvantages
- Not inspecting the commuting factor will result in choosing a property that is far away from the central location of the city.
- You may miss all the happening activities of the city due to inconvenient transportation.
6. Reputation in Terms of Safety
You definitely don’t want to land up in a location where your loved ones are at risk. To find the reputation of the place, you have to talk about it with your pals, colleagues, and friends, who are already located in London. Staying up to date about the events occurring in your location will also be a wise decision.
Advantages
- Taking decisions based on the reputation of the place will help you secure your and your family’s future.
Disadvantages
- Not assessing the safety parameters can lead you into dangerous neighbourhoods of the city.
- It negatively impacts the value of the property.
Final Verdict
Well, finding the right area to live in London is not very difficult if you follow the correct method. Take a step-by-step approach, and you will find the perfect borough to spend a fantastic time in London.
All the points mentioned above should be analysed in detail to find the right place to live. Hurry up; you never know when the rates of real estate in London will