How to Choose the Right Neighborhood Location, location, location — goes the saying about what’s important in real estate. Most home buyers start by looking for a suitable area. The following tips will help you find a neighborhood that feels like home. Priorities Set priorities about things that matter most to you and your family: • Is safety a prime concern? • Are you looking for vibrant nightlife? • Do you need to live close to work? The best purchase is usually a trade-off among several desirable elements. Factors These factors will help to illuminate a neighborhood’s style: • Are there good local schools? Whether or not you have children, good schools increase property values. • Is the area close to services such as hospitals, public transportation, shopping, parks, and recreational and cultural sites? • How safe is it? Check with local police, and look in the newspaper for crime-watch statistics. • Are people outside their homes, working in their yards or walking their dogs? Neighbors who interact with one another create a safer and more pleasant environment. • Is the area popular? Ask your Realtor, and check the number of “for sale” and “sold” signs. • What is the neighborhood’s price range? Have average property values gone up, gone down or stayed the same? Areas about to become trendy are often found on the fringes of highly desirable locations. Is there vacant space nearby? What kind of development is planned for it? Guidance Real estate agents are a valuable source of inside information about how to distinguish two neighborhoods that seem alike. Contact me for the latest information about neighborhoods.
Posted on: Tue, 28 Oct 2014 21:09:30 +0000