Researching Neighborhoods

Research the Neighborhood 

Before You Buy That New Home.

  You have found your dream home. It has a wrap around porch, a lake view and a large open kitchen with windows spanning the entire back of the house. Ok- that is MY dream house. Yours may be different. But either way, you found it. Now comes the decisions. Will it fit your budget? How much will the insurance be? Is it close to family or your job?
But another consideration is the neighborhood the home is in.
Why does that matter? Many factors can cause you to love or hate your neighborhood.
Who lives there? Are there kids in the neighborhood? While this would be a positive factor for some, it would be negative for others. What is the commuting distance for you? Is there shopping, exercise and leisure amenities near? Are these even important to you?
The quality of the neighborhood is important because it will impact your home's appreciation or resale value. Is there a Diverse economy? Communities depending almost entirely on one industry or factory for jobs is a risky neighborhood, economically speaking.
Neighborhood statistics are a good resource. Take a look at Crime, school district ratings, employment data, median income and education levels.
There are many ways to research a neighborhood. The internet is the most convenient way. You can also check out the local library, chamber of commerce and the local newspaper. Visit the neighborhood. Talk to the residents. No one knows a neighborhood better than the people who live there. Ask them about the schools, amenities, crime and local government.
Buying that dream house is a big decision. Do the research. Make sure it is a decision you are happy to live with for years to come.

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