Investing in property is quite a big step in anyone’s life. A lot of planning and time goes into finding the perfect property to turn into your home. Everyone’s needs are different, so there’s no quick way to figure out which house would be the one for you. 

The very first step of this journey is identifying which stage you’re at in the property lifecycle. Take our quiz below to find out what your next (or first) buy should be. 

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Congratulations! Now that you know where you’re at in the property cycle, let’s take a look at each steps breakdown. This will help give you some clarity on why you’ve been assigned this stage in the cycle. 

First-time buyer 

The time has come for you to take the plunge and experience the excitement of searching for your first-ever property. There are a lot of technicalities you need to watch out for when buying your initial estate, but it’ll all be worth it in the end. When it all seems like too much, just remember that you’ll soon be waking up and making your morning coffee in your dream kitchen. 

Upgrading

Growing out of a space that no longer serves you is totally normal. As you develop, you need a home that suits your current lifestyle; and moving into a new house is easier than fixing up your current one. Upgrading gives you the benefit of knowing what you want as you’ve already experienced having your own place. 

Downsizing

Endless memories have been created in your home. Your four walls have seen humans being born, playing with dirt, and transforming into adults. Now that your little ones have flown the nest, your space simply reminds you of how empty it is. This is a sign that you should probably think about living in a space that is better geared towards this period of your life. 

Investor

Owning a second home is a great investment, as it allows you to create another stream of revenue. With this way of making money, your effort is only needed at the start. Choosing which property you wish to rent out completely depends on what the needs of the market are. The only thing you really need to reach this stage in the cycle is a steady stream of income and some time. 

Holiday home

Taking in the sea view from a penthouse is a great way to disconnect from your hectic life. It’s calm, quiet, and has the power to transport you to somewhere new. Finding a place that ticks all of the boxes can be quite challenging. That’s why investing in a summer property seems like the right step for you. You get to go on vacation whilst still staying in your space. Plus, when you’re not there, you can rent it out and generate some extra cash. 

GAP Homes will guide you

No matter which stage in the cycles you’re at, GAP Homes are here to help. They understand that your needs will change as you do, and that’s why they are committed to building long-lasting relationships with their clients. 

This relationship is essential when it comes to investing in a property that you absolutely love. 

That’s why GAP Homes is committed to acting as a guide, mentor, and even a servant when necessary when it comes to their clients. 

From your first ever buy, to downsizing your house at a later stage, GAP Homes aspire to act as teachers throughout your property life cycle.

They build, develop, and sell spaces, meaning they have experience in all areas of the field. Guidance will be found every step of the way, all you need to do is ask for it. 

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