Although purchasing your first home is a significant life milestone, there are many choices and factors to consider when selecting the right suburb for you and your family. Choosing the appropriate suburb is one of the most important decisions you will make when purchasing property in Dhaka.

After all, your suburb selection will have an impact on every aspect of your life, from your sense of community to your commute to work. This article brought to you by BestBari, will assist you in selecting the ideal community for your first residence.

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1. What are Your Most Important Priorities?

Consider what are most important factors for you and your family when to you before you begin your quest. For example, Do you want to live in a busy city with easy access to entertainment, dining options, and cafes? Or do you like a slower pace of life in a more spacious, more tranquil suburban or rural environment? Consider important factors like commute time, school districts (even if you are childless yet, this may affect your home’s resale value), safety, the distance to friends and family, and local recreational possibilities.

2. Do your research on the suburbs of Dhaka

Before making a significant life purchase such as an apartment in Dhaka, it is always crucial to do the proper research. Once you have a clear idea of your priorities, start researching suburbs that align with your selection criteria. For example, take advantage of using free to use online property portals where you can research, compare and enquire about property listings as well as learn about Dhaka’s suburbs from our Suburb Guides.

When doing your research, look into the property value trends, demographics, schools, hospitals and shopping centres nearby. It’s always a good idea to see for yourself and visit the neighbourhoods you are researching in person to get a feel for the vibe and to see if it aligns with your lifestyle.

Speak with residents of the suburbs to get valuable feedback. You can speak with family, friends and colleagues who live in the area or event residents via social media groups or online forums.

3. Determine an Appropriate Budget

Your financial situation will have a big impact on which Dhaka suburbs you can afford. Determine how much you can afford to spend on a home by taking a critical look at your financial situation. Remember that living expenses might differ significantly throughout neighbourhoods, so when assessing your budget, don’t forget to account for charges such as property taxes, homeowner association dues, and upkeep.

To help determine your budget, you can set an appointment to see a local bank to determine your borrowing capacity based on your income and savings if you want to use a house loan to finance the purchase of your property. Knowing your budget will allow you to proceed to the following phase, which is deciding what you want for your Dhaka apartment.

4. Inspect Somes Properties in your Desired Suburb

Make sure to carefully examine the apartment and the surrounding area after narrowing down your selection of desired Dhaka real estate options to make sure it meets all of your needs.
If you don’t want to narrow down your choices, the apartment should at least satisfy all of your basic needs. Take the property’s economics into account as well. How much has the area’s value increased historically, are there well-known stores and eateries close by, and how much does the rent cost each month in case you decide to rent out the home in the future?

Conclusion

Choosing your ideal suburb in Dhaka for your home purchase is a very significant decision that needs to be carefully thought through, properly researched and not rushed. You can select an area that fits your lifestyle and makes you feel at home by setting priorities, researching different suburb choices, determining a feasible budget and speaking with residents. Although the journey to find your first home to purchase can be overwhelming, remember that it is worth the reward and finding the ideal place to call home will make the effort worthwhile.