Buying a house that will become your home is not something to be taken lightly. There are many costs involved both financial and personal and you can’t afford to get it wrong. This is one in a series of blogs about buying a house using location based services, which will lead into my new eBook.
When you buy a home, it may seem obvious after the event, but a key thing is that you are also buying into a neighborhood. In order to be happy in your nice neighbourhood, you need to feel like you belong. You will want your neighbours to have similar values to yours. You will want to have things in common.
Examples might be:
- People of the same or similar ethnicity. You might be a new immigrant and want to live around people who come from the same country.
- People who have children, or don’t have children. If you have children, you might want them to be able to make friends with the neighbor’s kids. If you don’t have children, you might not want the noise that comes with kids having fun outside.
- People who have a similar income to yours. You don’t want to be the one with the Bentley, surrounded by people with beaten up old Skoda’s.
- You might want to live in an area where there is a high percentage of people in a similar age group. It might be young families, or older people who can keep an eye out for each other.
If you’re buying, you might want a stable neighborhood where most people have owned and occupied there home for an average of 5 years or more, rather than being surrounded by rentals, where the occupants frequently change.
If you want to live the quiet life, potter around in the garden and have peace and quiet when you turn the lights out at 10PM, you won’t want to be surrounded by neighbours with teenagers who have rowdy late night parties 2 or 3 nights a week. Once you’ve bought your home, you can’t just decide you don’t like the neighborhood and sell again.
Pretty much every country in the world has a national population census every 3 years or so and demographic data is compiled by geospatial areas such as area units, suburbs or mesh blocks. Usually the Department of Statistics will have a Big Data site where you can go and query population data by a wide range of criteria such as:
- household income,
- number of children,
- number of cars,
- education level
These can be very useful when you’re looking at where to buy. You might be very surprised when you look at the results. Don’t be surprised after you have bought!
If you found this useful, please tell a friend. There is a lot more to come, so bookmark this blog, topic or subscribe to the RSS feed. Also please leave a comment or ask a question below. I’d love to know what you think, or what experiences you have had.