Tips to Choose a Perfect Neighborhood While Buying a Property

What matters while purchasing a new home? Budget, condition, and dimensions - it may seem like a cliche phrase you’d see in a real estate advertisement. In the current era - where comfort and happiness is everything for a human, one should live in a place where he/she loves to spend more and more time. 

Considering this aspect as a crucial point, for the new home it must be assured that we are buying in the right neighborhood — no small feat, especially if you’re moving to a new area and can’t distinguish one enclave from another.

When you’re house hunting, the neighborhood is one of the most notable decisions you’ll make. Location affects affordability, cost and your quality of life. Here are a few crucial points that you should keep in mind when scouting out diverse neighborhoods.

• Good Walkability

Having a home in a larger metro area can be troublesome in a few aspects such as long distance from daily used stores. So it's important to evaluate that area access to public transportation. The area must have a neighborhood that’s within walking distance to shops and restaurants. In general, “busy neighborhoods become more expensive over time,” says Wayne.

• Crime Numbers Must be Low

It must be on the top of your list to check the crime statistics of the neighborhood. Crime affects the whole reputation of the area that leads to its price. The area with high crime statics can never be anyone's choice that means no market value for the property.

The prominent way to find out precise information about neighborhood crime statistics is to call the local police department.  The police department should have information about specific neighborhoods, information regarding crime prevention, community policing, and more.

• Future Development

Whether you have a long term plan to stay the home or short term, the future development of a neighborhood is always important. It impacts the resale of a home, both in positive and negative ways.

What you need to check with the real estate consultant for it - Are there discussions or proposals for an expansion of the local school district?  A new library? A new community center? Between the local municipality and real estate agent, information regarding future development should be readily available.

• Schools

Having a school in the neighborhood can impact the value of a home. However, it may not seem like something people without kids should be concerned about, the quality of the school district can directly impact your home’s resale value.

And in case, you do have kids who’ll be attending the neighborhood school, there’s more you can look at beyond the details of your school district or neighborhood school. Talk to neighbors, attend a PTA meeting or call the school and ask for a tour.

• Public Transportation

No transportation means no development, as its primary way to get around then accessibility to transit will be important. Get as many details you can and ensure you have easy access to where you want to go. Also, it's the same important if you have a property for sale and rent. 

Here are some questions you’ll want to be answered:

1. Will you have to make multiple changeovers to get to places like work or social activities?

2. How close is the nearest bus or commuter train line?

3. How often are pickups/drop-offs? Does the schedule differ from weekday to weekend?

4. How much does it cost?

5. How long will it take to get to places you go to regularly?

These are some of the factors that you need to evaluate properly before buying a home with the perfect neighborhood. Ensuring the location of your new home is right will increase the quality of your day-to-day life and enjoyment of your home.