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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
engaging 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?
- 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 they 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 REALTORÒ
or call the local REALTORÒ
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 REALTORÒ or
the government planning agency also may 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. Are they friendly? Are their children to
play with your family?
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