How to Choose the Right

Neighborhood

Here we’ll touch on a few important considerations that should

be weighed in on to make sure a home and its surroundings will

meet your emotional and financial expectations.

Consider Property Taxes

Consult with a Realtor to determine if that extra $200 to $300 each month, on top of the mortgage payment, is what you can comfortably afford.

Consider Potential Neighbors

If your potential neighbors are like-minded and demonstrate pride in their homeownership, your home will increase in value and remain very marketable if, and when, you might decide to sell down the road.

Consider Schools

If a nearby school or schools are in a neighborhood you have tentatively chosen, consider whether or not you want to live in an area where any number of children may reside.

Overall, well-kept homes in areas with schools, in close proximity, tend to hold their value better than similar homes far from school surroundings.

Consider any nearby Transportation

If you rely on or just, plain desire the efficiency and convenience of public transportation, then make every attempt to find a neighborhood that is conducive to making itself available to the type of transportation that will get you where you need to go in as little time as possible. 

Depending on the neighborhood, public transportation in the neighborhood can increase the value of property in the area.

Consider Your Lifestyle

If you love the idea of being embedded where the action is, then finding a neighborhood close to retail shops, café`s, restaurants and other public gathering spots should be a consideration.

Homes that are in the middle of or close to what people crave will always cost more due to supply demand.

Consider Your Future

If you have a neighborhood in mind, visit it multiple times, especially during the day as well as on weekends and get a ‘feel’ for not just the physical layout of the neighborhood, but for the people you might be living beside, as well. 

If there is anything about a neighborhood that falls short of your expectations in any way, don’t settle just because the idea of buying a home feels incredibly exciting at the moment.