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5 Things to Consider When Choosing a Neighborhood

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Tags: Home Buying & Selling, First Time Home Buying

neighborhoodWhich comes first, the home or the neighborhood? Many homeowners would argue that the neighborhood can make or break a home. It’s important to know not only what you’re looking for in a home, but the kind of community that you’re going to be a part of. Here are a few things to consider before becoming the new neighbor.

1. CRIME 

You could have the best yard in town, but that won’t matter if it’s constantly getting vandalized. Be sure to check what’s going on around and in the new neighborhood you’ve got your eye on. Most real estate websites tell you the crime rate in an area, and you can use sites like https://www.crimereports.com to get up to date stats. If you want a real time down-low on an area, give the local police station a call.

 

 

2. COMMUTE 

AdobeStock_85005264-1.jpegThere has been a gamut of research done about how much your commute impacts your happiness, so this is something to be taken seriously. How far are you willing to travel to and from your home? Think about all the places you go regularly and map them out. Check traffic patterns and test drive your routines to see if it’s do-able.

 


3. SCHOOLS  

This is an important one if you have kids or are planning to have kids in the future. Checking for a good school system is at the top of most parent’s “must have” lists for their new home. Even if you don’t have kids, remember that being near a good school system can help increase your property value and attractiveness in the future.

 


 4. CONVENIENCE

Do you like walking places on foot? Prefer to have a gym nearby? You may enjoy the convenience of being able to walk to and from your daily activities. Homebody? Driving a ways to get a bite to eat may not be a big deal to you. Either way, it’s important to consider how far you’d like to be from the places you frequent and things you need.

 


 5. NEW VS. OLD 

Established neighborhoods are known for their charming character, yet can require costly repairs and could have strict community associations. On the other hand, Newly constructed homes are typically boast the convenience of being customizable or move in ready. The downfall is they can often be in unsightly construction areas or far from the main attractions of a city. Either way, be sure to check what’s being built or planned in the area so that you’re in the know.

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Found the perfect package of the right home in the right neighborhood? Let Wyndham Capital Mortgage help with what's next. 

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