House Hunting 101: How To Find The Perfect Neighborhood
When shopping for the right home, you’re also shopping for the right neighborhood. Keep these considerations in mind while house hunting.
House hunting is an exciting time filled with possibilities and, let’s be honest, a bit of anxiety. Picking the perfect house is more than just square footage or a stylish kitchen. It’s also about the neighborhood.
Finding The Neighborhood For You
Prioritize Education
If you’re a parent or plan to become one, schools will top your list. But even if kids aren’t in your picture, schools still matter. Top-rated schools can add value to your property. So, during your house-hunting journey, check out the school district’s ratings.
Stay Safe
Safety is non-negotiable. Peace of mind in your home starts with feeling safe in your neighborhood. Check out local crime rates on the internet – websites like City-Data or Neighborhood Scout can help with this.
Explore Nearby Amenities
How close is the nearest grocery store? Is there a park or a gym nearby? A popular restaurant? The amenities around your house can enrich your lifestyle. While house hunting, be sure to look at what the neighborhood has to offer.
Consider Your Commute
Long drives to work? Not fun. Look at how far your potential home is from your workplace. If you’re open to using public transport, find out if it’s accessible. Your time is priceless, and a shorter commute can give you more of it.
Understand Property Taxes
Yes, taxes. They’re part of homeownership. Different neighborhoods can have different property tax rates. Be sure you know what they are because they’ll impact your budget.
BALANCE
Take advantage of free financial education from our partner, BALANCE. From confidential coaching to videos and articles, get the resources you need to help with your fiscal matters.
House Prices: Up, Down, Or Steady
House prices tell a story about the neighborhood. If prices are on the rise, it might be an excellent place to invest. If they’re steady, it’s likely a stable neighborhood. But if they’re dropping, think twice and do more research.
The Future Matters
What’s in store for the neighborhood? Are there new schools or businesses coming? Will there be more public transport? Planned changes can make a difference in a neighborhood, both positively and negatively. So, it’s a good idea to look into this while you’re house hunting.
Experience The Neighborhood
A neighborhood can feel different at different times of the day – maybe it’s more peaceful in the morning but buzzing in the afternoon. Try to visit your potential neighborhood at various times to get a real feel for it.
Patience Pays Off
House hunting isn’t a race – it’s more like a marathon. Taking your time to research and explore can help you avoid regret later.
Listen To Your Gut
Sometimes, your instincts can tell you more than any website or guide. Listen to your gut if something feels off about a neighborhood, even if it ticks all the boxes.
Real Estate Agents: Your Guiding Star
If all this sounds a bit much, remember you can seek help from a real estate agent. Their knowledge and expertise can guide you through the maze of house hunting.
Summary
Remember, the neighborhood is as important as the house itself when it comes to house hunting. It’s more than just a place to live; it’s where your life will unfold. So take the time, do the research, and find the perfect spot for your new home.
Happy house hunting!
Buying A Home
Homeownership can seem like a never-ending journey. Let us help you navigate everything from buying and selling a home to understanding mortgage products and refinancing.
Related Articles
Buying A Home: 4 Ways To Plan Ahead
Are you working towards homeownership? Prepare to be a first-time homebuyer with these tips.
3 Unique Ways To Use A Home Equity Loan
Home equity loans aren’t just for renovating your home. Here are three unique ways you can use your loan to live your A+ life and fund your plans.
Maintaining Your Home After Purchase
Regular maintenance can take time, planning, and money, but it’ll help you save on unexpected repair costs and keep the value of your home up.