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  1. #1
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    Default Would you buy a house mainly for its location? Big decision to make.

    So we found a house in our area of choice. Its actually the northern part of our current suburb but the difference is quite substantial.

    DD1 goes to school which is about a 3 minute walk from New House. This is a fantastic school where we would love all our kids to go so this is playing a huge part in our choice of house. We love the location which is very family friendly, has many park lands and meandering pathways and great facilities nearby. Can't fault the location.

    But the house I don't love so much. Things include the different types of flooring, the small and oddly shaped living areas, the master ensuite, the kitchen (needs more storage space and a bigger pantry), and although I love the expansive backyard I see its layout as a big security issue).

    I don't hate the house, I could see us living there, but since this is our second house I would like our next one to be a big step up from our current one. We have lived in our 3 x 1 for the past 12 years and would love our next one to fit the needs of our expanding family.

    Btw DH likes the house but doesn't really think about the many factors that come with making a decision to buy a house.

    Would you buy for mainly location? And do I really need to love everything about a prospective new home?

  2. #2
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    Is it possible for you to renovate the new house (more storage, security fence, etc)?

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  4. #3
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    After buying our first house i promise myself that the next one we buy i have to love everything about it. Little things that i don't like about this house irritate me everyday to the point that i start to hate it. We need time to save up for renovation and we're not handy people so it will be expensive.

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  6. #4
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    You can always change the house once you buy but you can't change the location! By far location is the most important thing in buying a home, you can change the kitchen you can secure the yard , everything can be fixed ( with money of course!)
    I would always buy the worst house in the best street over a mansion in a not so desirable location any time!

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  8. #5
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    Quote Originally Posted by Elijahs Mum View Post
    You can always change the house once you buy but you can't change the location! By far location is the most important thing in buying a home, you can change the kitchen you can secure the yard , everything can be fixed ( with money of course!)
    I would always buy the worst house in the best street over a mansion in a not so desirable location any time!
    I agree with Elijahs mum.

    We got the best block on the street but the crappiest house, slowly slowly we are doing it up and I think it will be worth it.
    We get realestate people dropping in trying to get us to sell all the time because behind us is national park and from our back deck we have amazing city views.

    You could make your house better by renovating and extending if its too small.
    Kitchens and bathrooms can be upgraded and the back yard can be have fenced off areas to make it safer.

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  10. #6
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    I would absolutely buy it! As others have said, in real estate you want to buy 'the worst house in the best street'. Thats what we did four years ago and we have no regrets. In fact, we are about to renovate and I hope to never have to sell.

    One thing to look at is the price, the area, and whether you would be over capitalizing if you renovate. Ie if you spend 100k on a new kitchen and new bathrooms plus a spruce up, will the house be worth 100k more?

    Good luck, sounds like a great place

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  12. #7
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    We bought a house because it suited us and it was out of our desired location boundaries. It was a great decision. My dh needed to work from home and I was working full time too so we didn't have time or money to renovate. If we'd bought a house in our desired area we would have spent a lot more money to buy it and then we would have had to renovate it too.

    Over time (we've been here for nearly 11 years) we have renovated to make the house more suitable for us because it's a pretty good location. BUT, now we are at the limit of renovating. If we renovate more we won't necessarily add value and the overall house isn't that well built so staying here for another 10 years is not an option.

    So, like you OP we are looking to move. Location is important ... I'm sick of the 15 minute drive to my ds's school. BUT, the house has to be great. There's no point in moving if I end up with more compromises. But, the compromises that I'm willing to make are limited and I'm more fussy than I was. It's all very well to say renovate, but things like a small living area can be tricky to fix. Storage in the kitchen is potentially more 'easily' fixed if there is room to reconfigure the space.

    Personally, I'd keep looking and wait for another house in the same area with less compromises. Moving house is an expensive exercise you don't want to make a bad choice.

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  14. #8
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    I've been trying to get one of my friend to understand the ' worst house in the best street' thing, but their getting it backwards and looking at the best houses in the worst streets!!! A house can be changed. A PP said they were determined that the next house you buy you would love everything about it. Sorry, but good luck with that. Finding a house you 100% can't fault with a location to suit is near impossible in my experience. It's like trying to find a needle in a hay stack. OP I get the feeling your hoping for about the same as the PP. I vote buy the house, the land value alone is a huge investment in a nice area and just change the crappy kitchen cupboards, maybe knock out a wall in the weird shaped living area to change the shape and see what you can do about the backyard etc. All the things you've listed are fixable. It's not like its a structural/foundation thing!
    Last edited by pinkplease3; 29-07-2012 at 08:45.

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  16. #9
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    The physical aspects can be renovated but location is still important and can always be sold to a higher price!

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  18. #10
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    No, I'd have to love the house too.

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