Thinking of buying a new home? Learning about the neighborhood can ensure you make the right decision. Choosing the right neighborhood not only affects your quality of living, but is also helpful to your new home’s resale value. Here are a few things to keep in mind:
- Visit several times and “Test Drive” your commute. Many homeowners get frustrated after buying what they though was the perfect home. Once they move in they realize how busy the street is, how far from work and shopping they are and more. So don’t fall into this trap. When you find the perfect home, drive the commute to work during rush hour and make sure it’s something you can live with each day. Test out the public transportation if you will be using it. Find out where the grocery store and shopping is. The more you know the happier you’ll ultimately be with your decision.
- Are there many renters in the neighborhood? If there are a lot of renters, all it takes is a few bad ones or lazy landlords to drive down prices in an area and that can impact your selling later. So be aware before buying.
- Research the schools. Even if you don’t have kids, find out about the school system. The school system can impact the home value by as much as 20%, affecting you when you try to sell. Knowing the school system helps you make a wise, long-germ investment before you buy.
You can have a great house but the wrong neighborhood or location can make it unpleasant. So take time to:
- View school reports, city comparisons, crime statistics
- Read newspapers for lists of trends of the most desirable neighborhoods
- Visit the local library or city planning office of the neighborhood you are considering
An agent certified by AdvantageU – Homesellers resource can help you evaluate a neighborhood to be sure it matches your needs.