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Tips for Finding the Perfect Neighborhood

The neighborhood you choose can have a big impact on your lifestyle safety, available amenities, and convenience all play their part.

  • Make a list of the activities movies, health club, church you engage in regularly 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.

  • Check out the school district. The Department of Education in your town can probably provide information on test scores, class size, percentage of students who attend college, and special enrichment programs. If you have school-age children, also consider paying a visit to schools in the neighborhoods you're considering. Even if you don't have children, a house in a good school district will be easier to sell in the future.

  • Find out if the neighborhood is safe. Ask the police department for neighborhood crime statistics. Consider not only the number of crimes but also the type burglaries, armed robberies and the trend of increasing or decreasing crime. Also, is crime centered in only one part of the neighborhood, such as near a retail area? And don't forget environmental safety too - a source for local pollution information is www.scorecard.org.

  • Determine if the neighborhood is economically stable. Check with your local city economic development office to see if income and property values in the neighborhood are stable or rising. What is the percentage of homes to apartments? Apartments don't necessarily diminish value, but do mean a more transient population. Do you see vacant businesses or homes that have been for sale for months?

  • See if you'll make money. Ask a local REALTOR or call the local REALTOR Association to get information about price appreciation trends in the neighborhood. Although past performance is no guarantee of future results, this information may give you a sense of how good an investment your home will be. A REALTOR or the government planning agency may also be able to tell you about planned developments or other changes in the neighborhood like a new school or highway that might affect value.

  • See for yourself. Once you've narrowed your focus to two or three neighborhoods, go there and walk around. Are homes tidy and well maintained? Are streets quiet? Pick a warm day if you can and chat with people working or playing outside.


    View another Buyer Tip:

    Deciding to Buy a Home

    10 Steps to Prepare for Homeownership 
    10 Things to Take the Trauma Out of Homebuying 
    10 Tips for First-Time Homebuyers 
    5 Common First-Time Homebuyer Mistakes 
    7 Reasons to Own Your Own Home 

    Selecting an Agent

    Buying a Home: Why Use a Realtor? 
    5 Reasons You Need a Real Estate Agent 
    How to Select the Best Buyer's Agent 
    Realtors Code of Ethics 

    Choosing the Right Home

    10 Questions to Ask Your Condo Board 
    How High Tech is Your Home? 
    The Pros and Cons of Condos 
    Tips for Finding the Perfect Neighborhood 
    Your Property Wish List 

    Financing

    10 Questions to Ask Your Lender 
    10 Things a Lender Needs From You 
    5 Factors that Decide Your Credit Score 
    6 Creative Ways to Afford a Home 
    8 Steps to Getting Your Finances in Order 
    8 Ways to Improve Your Credit 
    Budget Basics Worksheet 
    Choices That Will Affect Your Loan 
    Common Closing Costs for Buyers 
    How Big a Mortgage Can I Afford? 

    Inspections

    10 Questions to Ask a Home Inspector 
    What Your Home Inspection Should Cover 
    What Not to Overlook on a Final Walk-Through 

    Taxes and Insurance

    10 Ways to Lower Your Homeowners Insurance Costs 
    5 Property Tax Questions You Need to Ask 
    5 Things to Understand About Homeowners Insurance 
    5 Things to Understand About Title Insurance 
    Tax Benefits of Homeownership 

    Miscellaneous

    7 Tips for Buying in a Tight Market 
    How Comprehensive is Your Home Warranty? 
    Lead Paint Information 
    What to Keep From Your Closing 
    Tips for Packing Like a Pro 

     Home Buyer Advice

    Other Real Estate Q&A
     


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