Whether you want to purchase North Shore Real Estate to live in for several years or to resell quickly, location will certainly play a role in its resale value. Chances are that you may not live in the same North Shore home your entire life, so location and resale value may be important considerations when purchasing a home.

Neighbourhood

The most important step in finding North Shore Real Estate with resale value is choosing the right neighborhood. One of the first things you may want to consider when researching a neighborhood is the economic stability of the neighborhood.

A desirable area will:

  • Possess a good mixture of residential and commercial districts
  • Have a high social economic level
  • Demonstrate consistent economic growth
  • Be supported by a strong public transport services

 

Schooling

Another important factor to consider as you try to find the best neighborhoods is the quality of the local schooling. Even if you don’t have children, you should try to research the closest schools before purchasing a home. This provides a good criterion to factor in of the attitude of the neighborhood and the type of people you’ll be surrounded by. High decile scores can mean parents are fully invested in their local school system and their children and this translates into how they feel about their homes.

By referring to the Ministry of Education website, you will be able to find out what decile level schools have and where the zone limitations are. Regardless of where the home is located, the quality of the nearest schools will almost certainly be an important factor for potential buyers when you try to sell the home.

 

Position

Beyond the schools and local businesses, there are a number of factors you may want to consider regarding the home’s immediate surroundings. For instance, you may want to look for property in neighborhoods where most of the homes are similar in size and style. Additionally, the ideal location for a home is nearest the center, away from busy streets and bordering only other homes, as opposed to businesses, apartment complexes or schools.

 

Traffic Considerations

Finally, you may want to think about the traffic patterns that surround the neighborhood and whether the street is used as a shortcut between two busy roads.

 

Convenience

Though you may be looking for properties that lie in the middle of desirable neighborhoods, you should also consider how convenient the location is for a potential homeowner. The best homes will be located near all the essential businesses and have “walkability” – such as supermarkets, cafes and banks.
In short, the ideal neighborhood will represent the best of worlds, offering residents both privacy and convenience.

If you’re ready to buy a North Shore home, let me help you get make a smart purchase with as little hassle as possible. Give me a call today at 021 85 84 83, or email me at jason.yianakis@harcourts.co.nz to get started.