Sharia financing is the cornerstone of getting that new house and breaking into the North American real estate market, but there’s more to the whole experience than just the sharia mortgages you’ll get from us here. Finding a good location is essential regardless of whether you’re looking for an Islamic or more traditional mortgage and a huge part of that process is knowing what neighborhood you want to look in. That said, here’s a few of the criteria that you’ll need to get pointed in the right direction.
- You’ll need to decide whether you’d rather have a rural or urban setting. Living in the country is almost always more peaceful but there aren’t as many amenities. You might think that doesn’t matter until you need to repair a furnace or roof and there aren’t any home improvement stores around for miles. On the other hand there are those people who wouldn’t give up the space the country affords them. Remember as well that you’ll need to make some other choices like the ones you needed to work through with sharia financing and some compromises like having a septic system rather than municipal sewage.
- Planning for the future is a big part of selecting the right sharia financing and neighborhood. Before you decide to focus your efforts on any one location, you need to think about your future plans for the size of the family that you want to have. Having parks and schools around you new home might not be a priority before you start having children, but these amenities will make a big difference later on. The same goes for transportation.
- Plan for you own needs as well. Use the same careful thinking you used with sharia financing to think about how far away from work you want to be. Of course the longer the commute, the better the house you can buy, but you need to be aware that also means more time away from your family.
There are several other things that you need to think about along with sharia financing so your home experience will be complete.