If you are buying into a development in the early stages or entering into a ‘presale’ arrangement, it is important to know what the area is going to look like in years to come and how long the establishment of the surrounding area might take.
Get a vision or plan from the developer in terms of what is likely to be provided, such as:
- Future school sites
- Public transport such as a new train station
- Shopping facilities
- Public open spaces such as sporting fields and large parks
- Community amenities
It is also useful to know what the predicted timeframes are for providing these amenities as some may be a few years away and that might influence your decision making.