Questions To Ask About The Neighborhood

Dated: April 10 2020

Views: 158

Where you live should reflect your lifestyle. These questions will help you find the best community for you.

Is it close to my favorite spots?
Make a list of activities you engage in and stores you visit frequently. See how far you would have to travel from each neighborhood you’re considering to engage in your most common activities.

Is it safe?
Contact the police department to obtain neighborhood crime statistics. Consider not only the number of crimes but also the type and trend. (Is crime going up or down?). Pay attention to see where in the neighborhood the crime is happening.

Is it economically stable?
Check with your local economic development office to see if household income and property values in the neighborhood are stable or rising. What is the ratio of owner-occupied homes to rentals? Apartments don’t necessarily diminish value, but they indicate a more transient population. Are there vacant businesses or homes that have been on the market for months? Check news sources to find out if new development is planned.

Is it a good investment?
Ask a local REALTOR® about price appreciation in the neighborhood. Although past performance is no guarantee of future results, this information may give you a sense of how a home’s value might grow. A REALTOR® also may be able to tell you about planned developments or other changes coming to the neighborhood — such as a new school or highway — that might affect its value.

Do I like what I see?
Once you’ve narrowed your focus to two or three neighborhoods, go and get a feel for what it might be like to live there. Take notes: Are homes tidy and well maintained? Are streets bustling or quiet? How does it feel? Pick a pleasant day if you can, and chat with people working or playing outside.

What’s the school district like?
This is especially important if you have children, but it also can affect resale value. The local school district can probably provide information on test scores, class size, the percentage of students who attend college, and special enrichment programs. If you have school-age children, visit schools in neighborhoods you’re considering.

Blog author image

Michelle Clyde

Meet Michelle Clyde, your friendly neighborhood real estate agent! Michelle knows the ins and outs of the local real estate market like the back of her hand, 19+ years of expertise all for you. Loving....

Latest Blog Posts

Checklist For Your Move

Prepare for your Move·   Update your mailing address at usps.com or fill out a change-of-address form at your local post office. ·   Change your address with

Read More

How To Prepare For House Hunting

Know that there’s no “right” time to buy. If you find the perfect home now, don’t risk losing it because you’re trying to guess where the housing market and interest

Read More

Vocabulary - Loans and Lending Terms For Real Estate

Loans and Lending TermsTerm. Mortgages are generally available at 15-, 20-, or 30-year terms. In general, the longer the term, the lower the monthly payment. However, shorter terms mean you pay

Read More

Questions To Ask About The Neighborhood

Where you live should reflect your lifestyle. These questions will help you find the best community for you.Is it close to my favorite spots? Make a list of activities you engage in and stores you

Read More