How to Choose the Right Neighborhood When Buying a House?
When looking around for the property that will eventually become your home there truly is nothing more important than location, location, location. Unfortunately, many home buyers make the mistake of believing they can judge a neighborhood by its appearance when it comes to crime. They find out the hard way that while a home may look perfectly clean and safe, there is still an amount of crime they failed to anticipate.
One of the most frequently problems are elements of underlying crimes that you may not be aware of simply because the neighborhood “looks” safe. Even though the lawns are neatly trimmed and the homes all appear to be in immaculate condition that does not mean the neighborhood is free from all crime.
When you are considering buying a home, particularly in a neighborhood you do not know much about, it is imperative to take the time to learn more about that area rather than simply basing your final decision on the way it looks.
Your real estate agent may be able to help you with uncovering some details about the neighborhood such as any planned future developments as well as school information but you may find yourself on your own when it comes to uncovering other information.
The first step should be to check with the local police department. Stop in and explain that you are planning to move to the local area and would like to find out how much crime exists locally and most importantly, what kinds of crimes take place in the area.
The type of crime perpetuated in the local area is a key question. This will indicate what kind of criminal activity may be ongoing as well as what kind of characters may actually be venturing into the neighborhood to pose a threat to your safety.
Far too often, homeowners make the mistake of visiting the neighborhood during a particular time of the day and see that everything is fine. They fail to come back in the evening, on weekends or other times to see if there are any changes in the area. It is imperative that you take the time to observe the neighborhood as well as the people who live and work there to give you a complete understanding of whether that neighborhood is right for you and your family.
Remember that staying safe is not always related to the lack of crime. You also want to consider other factors such as traffic issues. If you have kids, consider how far away the local school is and how your kids will get there. What kind of local transportation exists?
Take a look around at the local geography near the school. Do crosswalks exist? Are crossing guards present? Is there a local bus service? How many streets will your children need to cross in order to get to school?
Even if you do not have children, taking the time to investigate the school system and relevant traffic issues can be a good idea. A thriving school district is a strong indication that the local area will support rising property values. On the flip side; however, if you are located too close to the school and must deal with traffic jams on a daily basis, this could negatively impact the value of your home.
To further assist you in gaining information about the local area, consider the following tactics.
Go out to dinner at a local restaurant and make an attempt to strike up a conversation with other patrons. This can prove to be an invaluable source of information.
Spend an hour or so shopping. Speak to the local business owners. They can provide a lot of insight to the neighborhood and the people who live there.
Ask your agent about the local owner-occupancy rate as well as rental values. Remember that a low owner-occupancy rate could indicate problems as tenants frequently do not have the same pride of ownership that a owner would. As a result, properties may not always be kept up.
Visit local facilities including movie theaters, shopping marts, malls, etc. These locations are generally hangouts for the local kids and will give you an idea about the neighborhood kids.
Finally, be sure to simply drive around the neighborhood. Does it look as though there are a lot of remodeling projects going on? If so, this could mean the neighbors are planning to be around for awhile, which indicates they are making an investment in their homes as well as the neighborhood.
