The neighborhood you choose can have a big impact on your lifestyle – safety, available amenities, and convenience all play their part.
1. 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 engaging in your most common activities.
2. 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. ven if you don’t have children, a house in a good school district will be easier to sell in the future.
3. 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?
4. Determine if the neighborhood is economically stable. Check with your local city economic development office to see if income and property values in teh neighborhood are stable or rising. What is the percentage of homes to apartments? Apartments don’t necessarily diminish value, buyt they do mean a more transient population. Do you see vacant businesses or homes that have been for sale for months?
5. See if you’ll make money. Ask a local REALOR 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 REALOTR or the goveernment planning agency also may be able to tell you about planned developments or other changes in the neighborhood – like a new school or highway – wthat might affect value.
6. See for yourself. Once you’ve narrowed your focus on tow or three neighborhoods, go there, and walk around. Are homes tify and well maintained? Are streets quiet? Pick a warm day if you can and chat with people working or playing outside. Are they friendly? Are their children to play with your family?
Reprinted from REALTOR Magazine Online by permission of the National association of REALTORS. Copyright 2005. All rights reserved. http://www.REALTOR,org/realtormag.