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Evaluating a Neighborhood |
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Oct 05, 2007 at 10:21 AM |
What to take in your consideration? You may start with: Drive Around - Does it look like a place you’d like to live?
- Is it near places you’d like to go?
- Is it too near places you’d rather avoid?
- What will it look like during commuting time?
- What’s it like at night?
Quality of Schools - What is the school performance?
- Average test scores?
- Capacity of school in relation to # of students?
- Parent involvement?
- After school activities, teams?
Education/Income Profile - What is the household income?
- The education level?
- Occupation?
- Family type?
Property ValuesSteady or increasing values generally mean a sound investment. It is almost always best to buy the smallest, least expensive home in the best neighborhood you can afford.
Cultural Amenities
Proximity to museums, galleries, universities, seasonal entertainment, theaters, orchestras, etc. Even if you don’t frequent them, they help set the tone for the area. Future Growth If you are not planning on staying in your new home for a number of years, an abundance of new construction being planned could affect your resale. Equally true, however, is the existence of higher end properties could increase the value of yours. Your REALTOR is your best source of information on property and neighborhood information. You could search on internet to find out more information in areas which you are concern as well. Please login or register to add comments |