When evaluating a neighborhood you should
investigate local conditions. Depending on your own particular
needs and tastes, some of the following factors may be more
important considerations than others:
- quality of schools
- property values
- traffic
- crime rate
- future construction
- proximity to schools, employment,
hospitals, shops, public transportation, prisons, freeways,
airports, beaches, parks, stadiums and cultural activities
such as museums, concerts and theaters.
the magic ball a bit; what you see in your future is up
to you!
Neighborhood search strategies
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If you’re a first time-buyer with limited financial
resources, it's wise to buy a home that meets your primary
needs in the best neighborhood that fits within your price
range. You can maximize your home purchase location by incorporating
some of the following strategies into your neighborhood
search:
- Look for communities that are likely
to become "hot neighborhoods" in the coming
years. They can often be discovered on the periphery of
the most continuously desirable areas. Look for a home
in a good neighborhood that is a bit farther out of the
city. If commuting is a concern, purchase a home that
is close to public transportation.
- Look at the neighborhood demand by
asking me whether multiple offers are being made, whether
the gap between the list price and sale price is decreasing,
and whether there is active community involvement. You
can also drive around neighborhoods and see how many "sale
pending" and "sold" signs there are in
a particular area.
- Look into purchasing a condominium
or co-op, rather than a house, in a desirable neighborhood.
This way you still may be able to purchase in a prime
area that you otherwise could not afford.
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