February 23rd, 2018 6:47 PM by Joseph Baratta
Where you live should
reflect your lifestyle. These questions will help you find the best community
Is it close to my favorite spots?
Make a list of activities you engage in 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.
Is it safe?
Contact the police department to obtain neighborhood crime
statistics. Consider not only the number of crimes but also the type and trend.
(Is crime going up or down?). Pay attention to see where in the neighborhood
the crime is happening.
Is it economically stable?
Check with your local economic development office to see if
household income and property values in the neighborhood are stable or rising.
What is the ratio of owner-occupied homes to rentals? Apartments don’t
necessarily diminish value, but they indicate a more transient population. Are
there vacant businesses or homes that have been on the market for months? Check
news sources to find out if new development is planned.
Is it a good investment?
Ask a local REALTOR® about price appreciation in the
neighborhood. Although past performance is no guarantee of future results, this
information may give you a sense of how a home’s value might grow. A REALTOR ®
also may be able to tell you about planned developments or other changes coming
to the neighborhood — such as a new school or highway — that might affect its
Do I like what I see?
Once you’ve narrowed your focus to two or three neighborhoods,
go and get a feel for what it might be like to live there. Take notes: Are
homes tidy and well maintained? Are streets bustling or quiet? How does it
feel? Pick a pleasant day if you can, and chat with people working or playing
What’s the school district like?
This is especially important if you have children, but it also
can affect resale value. The local school district can probably provide
information on test scores, class size, the percentage of students who attend
college, and special enrichment programs. If you have school-age children,
visit schools in neighborhoods you’re
considering. Courtesy Realtor.com