When you're looking into taking out a home loan and purchasing property, one of the best things to take into account is the future. While this may seem like a no-brainer, it can be difficult to factor in all the outstanding circumstances in your future.

For example, those with children – or who plan on having kids in the future – should factor a number of different things into their home-buying equation.

Looking into the neighbourhood is an essential part of providing a safe, wholesome environment for your children to grow up in. For this reason alone, it could be worth setting your sights outside of the bustling, metropolitan city into more suburban areas.

Providing your kids with a number of recreational areas close to your home could also be something to think about. Areas with lots of parks, sports fields and facilities that provide activities for them to indulge in throughout their lives could be a great option.

Your neighbours could be another aspect to consider. Living out in a suburban area could help to cover this, but it could be difficult raising children living next to the local student flat. Keeping your neighbour options to other young families has the bonus of providing playmates that live close by!

Investigating the local schools is also something to consider. While they may be a few years off the age, it doesn't hurt to consider their options early in order to ensure your property is near to a great school.

These are just a few of the things to consider when purchasing property, especially if you're a first home buyer.

You can contact a Smartline Mortgage Adviser on 13 14 97 for home loan advice. Or complete our call request form and we'll call you!

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DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.