It’s very easy to ignore the outside world when you’re considering upping sticks and moving home. Much of the hard work you’ve put into making your house your home are on the inside, the bit that you see when you’ve had a long day at the office or a hectic weekend.
There are so many factors that determine the value of your house and many of them are things you have no control over. These can dramatically effect the value of your home, so when you come to sell your home using an online estate agent, say, make sure you're up to speed with what's happening in your locality. When trying to sell your house privately this sort of knowledge will also greatly impress potential buyers. If you hear about any of the below going on in the local area, make sure that you prick your ears up:
1. New Transport Connections
Transport links are a significant factor for home buyers as they may intend to use public transport for their daily commute. When an area gains a new railway station for example, with quick access to the city, the area becomes more desirable to commuters.
Increased desirability increases the value of your home.
2. New School/Improved School
Parents naturally want the best for their children and this includes education. When choosing a home, the catchment areas for good schools are a factor in a parent’s choices so if a new school is opening up in the area or a mediocre school just received a glowing “excellent” Ofsted report, parents are going to see the area as more desirable.
3. Large Company Opening a Base
Large companies can have significant influence on the local employment market and so when new companies open up new branches or relocate there’s often an influx of job vacancies that open up which is a huge pull factor for living in the area. This flood of new residents pushes up demand very quickly and can have a startling effect on local house prices.
4. New Shopping Centre
The traditional high street has always been competing head to head with shopping centres located just outside the city centre. Take the Trafford Centre in Manchester or Merry Hill in Dudley, people flock to these places for a great shopping experience that the high street simply can’t deliver.
When a new shopping centre opens, it brings jobs, customers, trade and convenience to an area which makes living locally very desirable.
5. Leisure Facilities
This may be a public leisure centre or even a private venture, the fact that new things to do in people’s spare time is coming to the area makes it a more desirable place to live.