Features of an Ideal Starter Home

Starter homes in Brisbane are smaller, more affordable, and more practical homes generally favoured by first time home buyers. The concept of starter homes is bound by the notion that first time home buyers would be looking for more affordable housing options before they can afford their dream homes or decide how the rest of their life would go. These are younger people who are individual dwellers, young families, and first time investors. On the other end of the spectrum are the forever homes – or homes designed for and preferred by home buyers who are really ready to settle down.

Starter homes offer the convenience and housing needs of the buyer at the time of the purchase. It can be near his or her workplace, accessible by trains, or next to the most important facilities like hospitals or schools. Although not at all times, starter homes are bought with the intention of selling or renting out in the near future when the need is no longer relevant or when the owner can already afford a bigger and better home in Brisbane.

Features to Look For in a Starter Home

Great Location

Great location is always premium in real estate. This is especially important if you are looking for an investment. You can easily sell your home for a profit once you’re ready to move or rent it out for a good rate. A good location will ensure your investment. Look for homes in stable and safe neighbourhoods, close to amenities, and with lots of easy commute options.

A Home you can afford

Financial constraints is one of the factors to the concept of starter homes. However tempting it is, do not buy a home that is out of your budget. Choose a home that you can comfortably pay without sacrificing your other basic needs. Take into consideration that your expenses will probably be increasing as your family is growing. Do not take the risk of losing a good home because of financial miscalculation.

Can accommodate your Family for the next 10 Years

Make sure that the home will be comfortable for you and your family for the next few years. As most starter home buyers are young families, their housing needs change a lot over a short span of time. Are there nearby schools for your growing children? Will there be enough room for another baby?

Well-Maintained Roof

An excellent way to check the overall condition of the house is to check its roof. Leaky and damaged roof could mean moulds, mildew, rotting underlayment and rafters, and bugs. Watch out for newly renovated roofs. Ask the seller for the details of the repairs.

The Fixer-Upper Home

Fixer-upper homes are always good opportunities for investment – whether you are looking to flip the home or live in it for few years. These are older, unlived, or neglected homes in Brisbane offered at lower prices, sometimes for just the value of the land. Repairs and renovations will be extensive and expensive, but if the location is great there is a big chance of you turning a profit upon selling the home.

If you are looking for no-hassle, ready-to-move-in starter home options, apartments would be a good possibility. They are generally smaller, more affordable, in great locations, and easier to maintain. Click here for more information on Brisbane apartments. Contact us, we can definitely help you find your home in Brisbane.