Tips for Finding the Perfect Neighborhood
The neighborhood you choose can have a big impact on your lifestyle—safety, available amenities,
and convenience all play their part.
Make a list of the activities—movies, health club, church—you engage in regularly and stores
you visit frequently. See how far you would have to travel from each neighborhood you’re considering to engaging in your most common
Check out the school district. The Department of Education in your town can probably provide information on test
scores, class size, percentage of students who attend college, and special enrichment programs. If you have school-age children, also
consider paying a visit to schools in the neighborhoods you’re considering. Even if you don’t have children, a house in a good school
district will be easier to sell in the future.
Find out if the neighborhood is safe. Ask the police department for neighborhood
crime statistics. Consider not only the number of crimes but also the type—burglaries, armed robberies—and the trend of increasing
or decreasing crime. Also, is crime centered in only one part of the neighborhood, such as near a retail area?
Determine if the
neighborhood is economically stable. Check with your local city economic development office to see if income and property values in
the neighborhood are stable or rising. What is the percentage of homes to apartments? Apartments don’t necessarily diminish value,
but they do mean a more transient population. Do you see vacant businesses or homes that have been for sale for months?
- See if
you’ll make money. Ask Teresa for the local appreciation trends in the area. Although past performance is no guarantee of future results,
this information may give you a sense of how good an investment your home will be. Teresa may also be able to tell you about
planned developments or other changes in the neighborhood—like a new school or highway—that might affect value.
See for yourself.
Once you’ve narrowed your focus to two or three neighborhoods, go there, and walk around. Are homes tidy and well maintained? Are
streets quiet? Pick a warm day if you can and chat with people working or playing outside. Are they friendly? Are their children to
play with your family?