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Ways of Finding a Good Neighborhood

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By : Sonia Smith    99 or more times read
When you buy a home, you will not only be buying the house itself but the entire neighborhood as well. Before you start home hunting, it would be important to do a neighborhood research. This is beneficial because the kind of place where your home is can create a huge impact on the home appreciation value, safety and capacity to enjoy your property.

If a good neighborhood might not fit in with your budget, you can hunt for upcoming areas with rising prospects. This type of neighborhood can be normally found in the fringes of already recognized neighborhoods and has a tendency to have these traits: increase in population, several young family residing in the area, multiple offers of homes that are being sold, the residents are making home improvements and a business establishment or several business establishments opening nearby.

A good neighborhood should have the following:

  1. Easy accessibility to offices and business establishments.

  2. Young families residing in the area is a signal that it is a safe place to live.

  3. The neighborhood has several commercial establishments, facilities and amenities nearby.

  4. In general, the housing market of the area should only have a five percent rate of vacancy and the prices of homes for rent are almost the same as that of acquiring a home.

  5. A great neighborhood should equally have a good school system. The quality of the school in the place is important even if you do not have kids since a good quality school helps raise home values in the neighborhood.

  6. The ideal neighborhood should have a low crime rate and this is beneficial in reducing rates of homeowner insurance.

  7. It should have a dependable public service system such as an emergency center, public sewage recycling and garbage pickup.

How to find a good neighborhood:

  1. You can find great neighborhoods through the internet. You will be able to compare the demographics, school system and the crime rates of several towns and cities throughout the United States. There are wonderful websites that can help you choose the right neighborhood for your family.

  2. You can also obtain information from the local library or the chamber of commerce for important data on a particular place. The local publication of a certain neighborhood will give you an idea on both the cultural affair and news of the area, including any political or local issues.

  3. You can opt to invest a little by hiring a certified appraiser to assess a particular neighborhood. Check out the chance of home value appreciation of a certain home, street and locality. You can also find out more information on the home sale price statistics through a local real estate agent.

  4. Try to talk to the neighborhood in the area. You may inquire on the school system, the local government, crime rates, facilities and amenities nearby. Be alert on what they are saying and at the same time on what they are not saying.

    5. Visit the neighborhood at several times a year, at different seasons and different times of day. Try driving from the area to your place of work and try to act as if you already live there. Find out if you have a feel of the area before you proceed.
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