It would be great if the first home we moved into were perfect. But sometimes life isn’t that simple. There are so many reasons why moving home may be the only option for you and your family.
Enhanced career prospects, a better education for your children and a more desirable community elsewhere are just a few of the reasons you might be considering upping and leaving your current home.
Now, when you’re looking for a new property, you are likely to have to take a whole range of factors into account before you will stand any chance of finding something that will suit everyone’s needs. But for now, let’s focus on three: affordability, educational prospects, and proximity to loved ones.
Each of these factors can potentially have profoundly positive or negative effects on your little ones, their well-being, and their futures, so you want to make sure you give each due thought before signing up to any mortgage!
Here’s a little more information to make the process just a little smoother and simpler for Finding the Perfect Place to Raise Your Little Ones!
Finding the Perfect Place to Raise Your Little Ones
Your main priority when house hunting should be ensuring that you find a suitable place that is affordable. If you aren’t able to keep up with your mortgage or loan payments, you can end up facing all sorts of financial struggle that children should never have to experience, such as visits from bailiffs, eviction, and repossession.
You can ensure that you are looking for mortgages that are affordable by making a budget. Considering that one of the first things that we should prioritize when we have a family is the importance of living within our means, the sheer number of people who do not live by a budget is absolutely astounding!
A budget allows us to examine our personal finances, analyzing what we have coming into the bank and how we should spend it (or perhaps more importantly, how we shouldn’t spend it). When people are unaware of how much they should outlay on certain aspects of their life or how they should divide the money that they have, they end up overspending.
The first step to making an effective budget is to work out your income. The amount that you see written down as our “salary” isn’t necessarily the amount that you have to spend. Many people misjudge their income thanks to this simple mistake to make. In order to be fully aware of the amount you take home from your work, you need to work out your total income after tax.
Work hand in hand with an accountant in order to be entirely sure of this. Once you have this figure, you should take out any existing essential expenses that you have. These can include monthly minimum credit card payments, cell phone bills and different types of insurance. You should also estimate how much you spend on things like transport and food and drink throughout the month.
You can then work out what kind of mortgage you should look for by taking a look at how much is left. Use a home loan calculator to ensure that the payments on the mortgage you’re interested in taking out are lower than your budgeted figure. The loan calculator will include any interest that you will be paying as a part of your mortgage.
Remember to leave extra aside in order to be able to cover energy bills and property tax in your new property too!
Education tends to dominate many parent’s thoughts from the moment their child is born. After all, their schooling can determine their future success. So, it’s not all too surprising that so many parents take educational institutes into account when deciding where to raise their little ones.
After all, many institutions decide which students they will accept based on whether they fall into the local catchment area or not. If you’re planning on living in a given area, take a look at the schools located there and their performance record.
These are the institutions that will provide your little ones with knowledge. They are the place that they will spend most of the hours of their day. So you want to ensure that everything is top quality. This can be determined through independent reports which examine children’s attendance, happiness, and grades.
If the schools you’re looking at fall below par in any of these areas, you might want to look a little further afield. Look at other schools in the area. If they’re better and more up to standard, work out whether you will be able to commute there every weekday around your usual work to get your kids there on time. If this isn’t possible, it might be time to consider a move closer to these institutions, or perhaps moving elsewhere further afield and looking at educational options there.
Proximity to Loved Ones
One of the biggest worries that children express in regards to moving home is missing their family and friends. However, if you do find a property that’s far away from where you currently live, it’s important to remember that nowadays it’s easier for people to stay in touch than ever.
We have phones, mobiles, video calls and endless social media platforms. So, reassure your little ones and allow them to use your phone or laptop to keep in touch with old friends. This will significantly reduce their anxiety and also give them someone to confide in once the move has been carried out. You can always make visits or have visitors over for big occasions throughout the year too, which will allow for more face-to-face contact time.
Finding the Perfect Place to Raise Your Little Ones
These are just a few different factors that you should bear in mind when you’re searching for the perfect property to suit your family down to a tee.