Looking for a new home can be an exciting time. There are many factors to consider in a home purchase, including the neighborhood you would reside in. Here are 5 things to look for:
Crime rate is important to consider because it affects your sense of safety and future home values. You can usually do an internet search for “how safe is my neighborhood” and be led to online tools that will help you examine local crime statistics. The local newspaper may give a sense of crime rates, especially the “police blotter” section. You might also visit the local police and ask questions.
As you consider your next neighborhood, think about your typical lifestyle. If you frequent restaurants or like being able to order food for delivery, you may want to have several restaurant options nearby. It can also be helpful to check reviews for those restaurants through online forums. Make sure that the quality is what you would enjoy. Consider how the style and ratings for these restaurants might affect your property values. A neighborhood near upscale or fine dining might see better property values over time.
Walkability and Shopping
Access to shops, especially a grocery store, is also a consideration for your next neighborhood. Having shops nearby, perhaps even within walking distance, can make life more convenient. You will want to consider the quality and longevity of these shops. A home near several empty or closed-down storefronts will have lower property values than one within close distance to a thriving shopping district.
If you love being outdoors, have children that need space to play, or have pets that need room to run, then you will want to consider how close your next neighborhood is to parks or other recreational areas. When looking at a new neighborhood, consider more than just maps, check out the local park to make sure it feels like a good and safe place. Some parks may not be well-kept and having this near your home could negatively affect property values. In some cases, you might prefer peace and quiet, so you may be looking for the opposite—wanting to ensure there is not a park in your neighborhood.
When you purchase a new home, specific schools will be designated for the neighborhood. If you have children, you will want to consider the reputation of these schools. If you do not have children or do not plan to have children, you may still want to consider the local schools. The quality and reputation of the nearby schools can affect property values. In time, if you choose to sell your home, you may benefit from selecting one linked to a good school system.
When shopping for your home, the neighborhood is part of the equation to find the right property. If you are uncertain what you are looking for and where to find it, consult with a professional real estate agent. A quality real estate agent can guide you to the best neighborhood to fit your needs.