Finding the perfect neighborhood for your next home can be a lot easier if you follow these four tips.
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Are you unsure of how to find the best neighborhood for your next home? Here are four tips to help you make the right decision:
1. Consider the value of the homes in the neighborhood. What are home values doing in that area? Are they consistently increasing or decreasing? This factor plays a big role should you choose to sell the property later on. If values are going up, that’s typically a good thing. It also gives you an idea of other dynamics at work in the neighborhood. For example, studies have shown that homes located with a mile of a Starbucks tend to appreciate at a much higher rate than homes located farther away.
2. Look at the schools. Homes located in good school districts are proven to appreciate faster and hold their value much better. If you have kids, you want to make sure they’ll be able to attend a good school system that will be able to support them well.
“IF HOME VALUES ARE GOING UP IN THAT NEIGHBORHOOD, THAT’S TYPICALLY A GOOD THING.”
3. Make the drive. If you have to drive from your prospective neighborhood to your workplace, do a trial run so you know what you’re getting into. Will you regularly encounter any high-traffic situations to get to work on time or will it be a nice and easy commute?
4. Get local with each neighborhood you inspect. Drive through them during the day and at night and see what it’s like. If you’re looking for a quieter setting and during your drive you see kids everywhere and it’s very loud all the time, that might not be the best fit for you. If, on the other hand, you have kids and are looking for a more active atmosphere, that might be the perfect neighborhood.
If you have any questions about finding the right neighborhood or there’s anything else we can help you with regarding the real estate field, don’t hesitate to reach out to us. We’d be happy to help.
