Important Factors to Consider When Selecting Your Neighborhood

When buying a home you are also buying into an entire community.  It is important to make sure your new neighborhood suits your families needs and preferences just as much as the house you decide to purchase.  Most houses can be modified, whereas neighborhoods can not.

When you are evaluating a neighborhood, you want to ask yourself these important questions:

1. SCHOOLS-  A school district's reputation can have a strong impact on the desirability of certain neighborhoods, making this a top concern, even if they don't have school-aged children.  Buyers recognize that good schools can have a positive impact on their home's future resale value.  Visit https://www.greatschools.org for school ratings and more.

2. CRIME- Make a point to stay updated on resources, including tools offered by your local law enforcement agencies, community newspaper and online neighborhood groups, such as https://nextdoor.com.  Similar to school ratings, numerous websites compile data on different types of crime including https://www.crimereports.com and http://www.city-data.com/crime/ 

3. TRANSPORTATION- Drive around the community of interest at different times of the day, so you can see how easy it is to get around and when there could potentially be a traffic concern.  In addition to checking out major highways and convenient road access, also check the area and/or community plans to modify infrastructure, including new parks or recreation, retail, restaurants, plans to expand existing roads and create new roads.

4. DEMOGRAPHICS- Neighborhood preferences are highly subjective and personal.  This is where you as a buyer will have to do your due diligence, as your real estate professional cannot guide you on the issues that affect the Fair Housing Laws.  It is important to make sure that it feels comfortable for you, while providing the essential features that you are looking for for you and your families needs and lifestyle. 

5. AMENITIES- What does this community cater too?  What does this community offer you and your family?  Is there regulations and what is that HOA rate monthly?  What do you have nearby?  Does it have the places you go most close by, such as the grocery store, bank and house of worship? If you have young children, you might want to make sure that the neighborhood has a community pool and playground, for example.  

As you can see there are so many factors that play a large part early in your home purchase decision.  Let me help YOU.  Call me today at 512-294-4117 to get your FREE guide to home ownership!

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