When you are buying a new home, it is essential to note that you are not only purchasing a home. You are – in reality – buying a part of the neighborhood. Whether you are a first-time buyer or moving to a neighborhood which is near to your current home, it is essential not only to look at the houses for sale but also at your potential future town and neighborhood.
It is true that most people (including realtors and investors) will mention that finding for property is about “location, location, location” especially when discussing on the potential of future sales or values. However not every neighborhood can be suitable for you. Thus it is a wise idea to determine your new neighborhood meets your needs, your budget and your priorities.
Now – Start by picking a part of the city to search in.
Look for the surrounding amenities and the neighbors. Some people prefer to swim or golf or play soccer as their daily activities thus appropriate facilities for those sports need to be provided or you might living a dull life in your new neighborhood. You can also look straight to cultural amenities or nightlife. You should choose between a neighborhood where residents interact typically or a place with distant relationships. If you are planning to find a home with your kids, a neighborhood with close-proximity schools will looks more appropriate. Even if you don’t have youngsters or kids to go to school yet, keep in mind that homes located near to important amenities like school have better values and appreciations.
To check out local schools and colleges, visit them within school time in order to briefly know whether the you are suitable to live in a neighborhood within the range of that school or college. Meet a few people in the neighborhood and ask how they feel to live there.
Although this step might take your time, it is worthy to visit a prospective neighborhood at number of times of day and on each weekdays and weekends to get a feel for what it might be like to live there. Know & understand how the homes are maintained and if they meet your standards. Try to eat at a local restaurant, do some window shopping and speak to the residents to know more about the neighborhood.
Another important factor that you need to consider is lifestyle. Are you and your family have an active lifestyle? Do you and your family wish to live in a neighborhood which is suitable for walking, running, jogging or cycling? Do you wish to live near cultural & important landmarks such as museums, universities, restaurants or shopping places? How necessary is it for your family to visit grocery stores or gas stations? These things might seem like small issues however to a busy mother or a giant family – proximity can be everything.
There are some common neighborhood style that you might want to consider:
- Transit-Oriented: Specifically engineered with public transportation in mind, they surround high traffic businesses with cost-economical apartments, condos and townhouses. They’re usually convenient however not very spacious, and mainly comprises a younger, single crowd possessing a lower income.
- Up-and-Coming back: Located near downtown areas however expanding towards the suburbs, they are largely larger family homes. They are cheaply priced due to their shut proximity to a heap of construction areas.
- Multi-Generational Housing: Will accommodate all walks of life by combining many generations into one community. New developments try to cater to many family oriented homeowners at the same time.
- Urban Core: The downtown heart of town, sometimes featuring a diverse population and several apartment and loft-style homes. Boasts plenty of access to public transportation, paid parking and, alas, higher crime rates.
- Historic: This space is surrounded by the town’s most notable government-owned buildings and business complexes. Owners are an older crowd, and these homes tend to require more effort to maintain .
- Up-to-date Urban: These sorts of neighborhoods are sometimes for the educated, professional and younger crowd, with taller high-rise living areas typically located near downtown business areas. Possesses a nice nightlife district for the dating crowd.
- High End: Upper class, expensive, elegant, up to date homes in gated communities or situated next to giant bodies of water. Located high on mountaintops, sprawling hills or any alternative troublesome-to-reach places, they are typically non-public, quiet, standing symbols.
- Rural: These are the furthest aloof from the city, usually near to farms, ranches and giant custom-engineered homes boasting acres of land. If you like nature and solitude, this can be the best choice for you.
Always keep in mind that the neighborhood that you choose is an important element to determine your future home as your investment asset.
Finding the right neighborhood might consume your time, but it is very crucial to choose a place to live – the place for you to come home each night. You might be able to buy a superb house, but you will find your lifestyle depressing if the neighborhood is not fit with your desire and lifestyle. The surrounding people and neighborhood will determine whether you are living in meaningful days or just living.