Finding the right neighborhood to live in is just as
important if not more important than finding the right type
of home. People want a neighborhood that is welcoming, where
they feel safe and at home.
If you are considering moving to a certain neighborhood
and have not spent much time there, try to get a feel for it
by taking a walking tour or driving around. Take note of the
state of upkeep of the properties. Well maintained
properties indicate pride of ownership which supports
property values in the area. If there are vacant lots, try
to find out if there are commercial plans and if so, what
type, or if the lot is being used as a dump.
If you feel safe walking around the neighborhood, this is
a good sign. But you should also inquire at the local police
department about crime levels and what types of crime are
committed in the neighborhood. Keep an eye out for graffiti,
since it may be a sign of gang activity. Try to spend time
in the neighborhood at different times of the day and night
to get a sense of noise levels and general atmosphere.
Try to find out about any future developments planned for
the neighborhood. New development can mean higher property
values down the road, but also more noise and congestion.
Much of this information can be found in the local news.
For many people, the social aspect of their neighborhood
is very important. Living close to family and friends can be
a very important consideration. As you walk around the
neighborhood, observe the people. Ask yourself if they seem
like the kind of people you would want to have as neighbors.
If you have children, you will want to pay close attention
to the quality of schools in the area. You can find out how
much is spent per child and average test scores from the
local schools.
Try to figure out how long your commute to work will take
from the neighborhood. This is more important than how far
your neighborhood is from work. If you prefer to walk, bike
or take public transit, make sure that this is feasible from
your neighborhood.
You should also research the amenities. If you enjoy green
space, water recreation and sports, you will want to know
what sports facilities, parks and natural features are in
the area.
Find out what the shopping is like in the neighborhood.
Pay special attention to the type and proximity of grocery
stores and other food vendors. If being close to shopping is
important to you, note what the nearby commercial strips or
malls are like. For many people, being close to certain
religious, ethnic or cultural institutions is very
important.
And if you like to eat out a lot, or go to bars or clubs,
you should find out what the options are in your
neighborhood as well. If you enjoy going to movies, theater,
live concerts or art exhibits, the proximity of these
amenities may also be a consideration.
Find out selling prices for different homes in the
neighborhood and how the prices have changed over the past
10 years. Also find out about property taxes and utility
rates to consider if they seem realistic for your budget.
Most of the information you will want when choosing a
neighborhood to live in can be gleaned from talking to a
real estate agent who specializes in the neighborhood you
are interested in. It is part of an agent’s job to know
every aspect of a given neighborhood thoroughly and help you
get the information you are looking for.
Location is a crucial aspect of real estate, but there is
no such thing as one ideal location. Every individual has
their own preferences, needs and wants when it comes to
selecting a neighborhood to live in. Just remember that the
old adage of “location, location, location” still holds true
and the desirability of your neighborhood will have a great
impact on the price you get if and when you decide to sell
your home.
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