Your neighborhood has a big impact on your lifestyle. Follow these steps to find the perfect community to call home.
·
Is it close to
your favorite spots? Make
a list of the activities — movies, health club, church, etc. — you engage in regularly and stores you visit frequently.
See how far you would have to travel from each neighborhood you’re considering to engage in your most common activities.
·
Check out the
school district. This is especially
important if you have children, but it also can affect resale value. The Department of Education in your town can probably
provide information on test scores, class size, percentage of students who attend college, and special enrichment programs.
If you have school-age children, visit schools in the neighborhoods you’re considering. .
·
Find out if the
neighborhood is safe. Ask
the police department for neighborhood crime statistics. Consider not only the number of crimes but also the type —
such as burglaries or armed robberies — and the trend of increasing or decreasing crime. Also, is crime centered in
only one part of the neighborhood, such as near a retail area?
· Determine if the neighborhood is economically stable. Check with your local city economic development
office to see if income and property values in the neighborhood are stable or rising. What is the percentage of homes to apartments?
Apartments don’t necessarily diminish value, but do mean a more transient population. Do you see vacant businesses or
homes that have been for sale for months?
· See if you’ll make money. Ask a local REALTOR® or call the local REALTOR® association
to get information about price appreciation in the neighborhood. Although past performance is no guarantee of future results,
this information may give you a sense of how good of an investment your home will be. A REALTOR® or the government planning
agency also may be able to tell you about planned developments or other changes in the neighborhood — like a new school
or highway — that might affect value.
· Make personal observations. Once you’ve narrowed your focus to two or three neighborhoods,
go there and walk around. Are homes tidy and well maintained? Are streets quiet? How does it feel? Pick a warm day if you
can and chat with people working or playing outside.
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