When considering a home to purchase, the neighborhood is just as important as the house itself. A beautiful house with neighbors that are neglecting their homes would quickly lose value. It is crucial to consider the location when making a decision on a new home.
Try walking around the neighborhood
To determine if a home is ideal for you, walk to your work, your child’s school, or other daily locations. If walking to these locations takes longer than you like, the home might not be a good fit. Also, consider whether the route is uphill and whether there are many cars on the road. Learning what your commute will be like through using websites like Walkscore can help supplement your research. Plus, driving during rush hour can help you understand what to expect during that time of day as well.
Speak to the residents
Even a dream house can be spoiled when it is surrounded by bad neighbors, and a house that might not be ideal could become a beloved home through the presence of good neighbors. Don’t be afraid to speak to the neighbors when doing your research. If there were feuds about property borders or other things, it is possible that you could inherit the problems from the previous owners.
Consider the property’s future value
Examining the property value of your potential new home when considering it can help in the future if you end up looking to buy a different property as well. It will give an idea of the current state of the neighborhood, and give you an idea of future developments as well. Look at the homes recently sold on Zillow and your real estate agent can help you figure out the best options. You should also consider property taxes when making a decision.
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