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How To Find a Great Neighborhood

How To Find a Great Neighborhood

How To Find a Great Neighborhood

When it comes to choosing a great neighborhood, you’ll need to factor in a great deal of information. A great neighborhood is just as important as the type of home you pick. The neighborhood you select is going to have a big impact on the life you lead. When evaluating a neighborhood, you need to understand that location is everything.

The more time you spend studying the neighborhood, the less likely you are to discover something when you move in. Here are a few questions to ask when evaluating:

  1. How close is the neighborhood to your favorite places? Make a list of the activities you engage in regularly and stores you visit frequently. Visit the local facilities such as malls, movie theaters, etc. and determine if they are an appropriate distance away.
  2. What kind of schools does the neighborhood have? The quality of a school is very important even if you don’t have children because it can affect a homes resale value. Potential homeowners should always evaluate nearby schools. Being in a good school district will give you some assurance that the neighborhood is in good shape.
  3. What is the crime rate of the neighborhood and is it safe? Evaluate the crime rate and what crimes are preformed the most, it can provide a great deal of information on a neighborhood. If safety is a prime concern in finding the right neighborhood, there’s no better source than the local police department.
  4. Will the Value of the neighborhood Increase or Decrease? If your potential neighborhood has a positive forecasted appreciation rate, that’s a good sign. A simple way to obtain this type of information would be to ask a local REALTOR®.
  5. Is the neighborhood Economically Secure? Check with the city council and planning department to see if income and property values in the neighborhood are falling, stable, or rising. Drive through the neighborhood and see if there are a lot of home remodeling projects going on. If so, it likely means homeowners are planning to stick around and are willing to invest more in their homes because they like the neighborhood.
  6. Will the neighborhood be Environmentally Safe? Evaluate environmental statistics on the area to assure you that it isn’t commonplace for homes to be damaged or contaminated. Nobody wants to buy a house in a flood plain or where there has been a landfill, check with the federal Department of Housing and Urban Development’s Environmental Resources.
  7. What kind of Owner-Occupancy is there? Ask about rental values even if you plan to live in the home. It is a good to evaluate an area, for desirability to live within. If the going rate for rentals is a decent rate, it indicates that a neighborhood is considered worth it to live in.

Once you’ve narrowed down your focus to two or three neighborhoods, go there and just walk around. Talk to local business owners, and passersby. Even if they don’t live in the area, they will have some insight about the neighborhood and people living there. Take note as to the conditions of the homes, to see how well maintained they are. When walking the streets listen to hear the overall volume of traffic, people, air-force bases, etc. Most importantly, take note as to how the neighborhood makes you feel as well as your loved ones. No matter how many things you factor into your review of a neighborhood, it will only be for you if you think you can call it home.

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