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?
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.