Whether seeking solace, activity, schools, churches, or
green space, every homebuyer looks for a different combination of attributes in
a new community. Choosing a neighborhood
that suits your needs and wants is one of the most important decisions you’ll
make in the home-buying process; your choice of environment will affect the way
you experience your new home. This is a
very personal decision, influenced by countless unique factors coloring your
own lives, but you should always keep the following in mind:
- If you’re considering buying a home in a community that is
unfamiliar to you, get to know its layout, offerings, and ambiance. Take some time to walk or drive through the
neighborhood, both during the day and at night, familiarizing yourself with the
sights, sounds, and smells.
- What amenities does the neighborhood have to offer? Is public transportation readily
accessible? Are there schools, churches,
parks, or grocery stores within reach?
Consider visiting schools in the area if you have children.
- What is the nature of the job market in the area? Keep in mind that if area employers are
producing more jobs, you can expect property values to increase, especially if
the jobs offered fall within a higher salary bracket.
- Speak with the neighbors.
Ask questions. They can offer you
a wealth of information, from an inside perspective.
- How will you be affected by a new commute to work? Drive the route between the new neighborhood
and your office during the appropriate times to gauge the volume of traffic you
could expect to encounter, and the amount of time you’d need to put aside for
daily travel.
- Contact local land-use and zoning officials to determine
existing development plans or potential for development in the area. A strong agenda for neighborhood planning and
local zoning will increase the value and draw of a neighborhood. Keep in mind that any large, tree-covered
area may be a target for future development in popular communities.
- Determine whether financial resources have been put in place
to support infrastructure projects in the area.
These construction projects might include building, replacing, or
improving anything from schools to roads, and are usually part of a city or
town’s long-term plan. While disruptive,
construction could also be a benefit to your experience of a community,
influencing the long-term value of the area.