Need help finding the right neighborhood for your home
search? Here are five factors that should figure prominently in your
Even if you donât have kids, the quality of the schools in a given neighborhood should be high on your priority list. Thatâs because
property values are higher in communities with strong school districts,
meaning that your home will appreciate more. That said, you may have to
settle for less house due to higher prices.
Independent of school quality, you should look at local trends in
home prices to get insight into that communityâs future. If property
values have been in steady decline for a decade, youâll likely face
issues when it comes to reselling down the line. Instead, look for
up-and-coming neighborhoods where home prices are climbing.
Remember: if youâre buying a home,
chances are you plan on living there for a long time. Heavy traffic may
not seem like a big deal now, but in five years you (and your wallet)
may feel differently. Congestion can also have health and safety
implications with respect to air pollution and car accidents.
Emergency and Medical Services
In the event that something bad happens, you want to be sure that
emergency responders can reach you quickly. Itâs one thing to be close
to a hospital, and quite another to be close to a good hospital. If
possible, concentrate on areas in proximity to university hospitals,
which tend to have more modern equipment and resources.
Donât rely on looks alone when evaluating the safety and security of a neighborhood. Information on local crime rates (and most common
types of crime) are commonly available from your local police department
and the FBI website, and real estate sites like Zillow aggregate data
from several sources to provide their own reporting.
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