Good neighborhood characteristics

What should you be looking for when buying a home in a new neighborhood?

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Finding the right neighborhood can be just as important as finding the perfect house. Most good neighborhoods tend to share the following characteristics:

Access to an economic center
Most people want convenience. That means an easy commute to their job as well as living close to shopping and restaurants. Although a good neighborhood does not have to be right next to any of these things, it should at least have easy access to them. Nearby public facilities such as libraries, as well as nearby parks or walking trails, also add appeal.

Good public schools
For anyone who has children or is thinking about having them, good schools are essential. A good neighborhood feeds into a well-regarded school system. Information about schools in the area can be obtained by talking to local parents and most states provide test scores and other pertinent school information online. Interested parents can also visit schools in person to get a better feel for what they are like.

Solid reputation
A good neighborhood appeals to a wide variety of people. Numerous factors play into that: well-manicured lawns and well-maintained homes, as well as junk-free properties. A good neighborhood also tends to attract a high percentage of homeowners as opposed to renters. Low crime rates are also important and can be researched online.

When buying a home, it’s wise to keep in mind what other people will think of the neighborhood. It should appeal to a broad spectrum of potential homebuyers. Choose a location that’s convenient to shops and services, has good schools and a good reputation. A good neighborhood will add value to your home and make it easier to resell in the future.

Published on January 12, 2007

Read full article at realestate.com
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