How to find the perfect family home
Finding the perfect family home is one of the most important and exciting decisions a family can ever make. The right property can create a space in which to create lifelong memories as well as the ability to generate greater financial freedom.According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, finding the perfect home is a balancing act between lifestyle considerations such as the house’s ability to adapt to the needs of a growing family, against financial considerations such as long-term returns and affordability.
"When searching for the perfect home, it’s important to strike a balance between heart and head. Families should choose a property that not only complements their current lifestyle but also offers the flexibility to grow and change with them over time. At the same time, buyers must remain mindful of the long-term financial implications to ensure that their investment remains sustainable and rewarding for years to come," says Goslett.
For those who are on the hunt for the perfect family home, RE/MAX of Southern Africa shares some age-old wisdom on what to look for during the house hunting process:
Location - You can change the house, but you can't change the location. Consider the schools in the area (from creche right up to high school) and think carefully about the commute to work, shopping centres, doctors, libraries, and public parks. It is also vital to find out how the area might change over the next five to ten years – is it an established or developing area, and what plans are in place for development?
Future-proofing – Because it is such a sizable investment, most families purchase a home once every five to ten years. This is why it’s important to find a home that suits your future needs as well as your current ones. Consider things like:
• Will you need more bedrooms or bathrooms as your family grows?
• Will you need two separate living rooms as your children get older?
• Is there space for a flatlet in case your ageing parents need to move in?
• Are there any title deed or zoning restrictions in place that could prevent you from changing or renovating as your needs change?
Affordability – If you are a younger buyer who’s just starting a family, you often have the advantage of time on your side. As your career progresses, your earning potential is likely to grow, making today's slightly tight budget more manageable in the future. However, it’s crucial to find the sweet spot: purchasing a home that you can realistically afford today, covering all costs like bond repayments, insurance, maintenance, and rates, while still investing in a property that can accommodate your growing family. The goal is to balance ambition with prudence — buying a home that might stretch you slightly initially but positions you for both financial growth and personal stability down the road.
Finding the perfect family home takes time, careful thought, and expert guidance. By keeping your priorities clear, thinking ahead, and leaning on the expertise of a skilled real estate agent, you’ll be well on your way to finding a home where your family can happily settle down and flourish.
“Finding the right home is easier and far less stressful when you have an expert on your side. A good agent will help you avoid costly mistakes and provide valuable support throughout the whole process,” Goslett concludes.