The neighborhood you choose can have a big impact on your lifestyle—safety,
available amenities, and convenience all play their part.
Make a list of the activities—movies, health club, church—you
engage in regularly and stores you visit frequently. See how far you would
have to travel from each neighborhood you’re considering to engaging
in your most common activities.
Check out the school district. The Department of Education in your town
can probably provide information on test scores, class size, percentage
of students who attend college, and special enrichment programs. If you
have school-age children, also consider paying a visit to schools in the
neighborhoods you’re considering. Even if you don’t have children,
a house in a good school district will be easier to sell in the future.
Find out if the neighborhood is safe. Ask the police department for neighborhood
crime statistics. Consider not only the number of crimes but also the type—burglaries,
armed robberies—and the trend of increasing or decreasing crime.
Also, is crime centered in only one part of the neighborhood, such as near
a retail area?
Determine if the neighborhood is economically stable. Check with your
local city economic development office to see if income and property values
in the neighborhood are stable or rising. What is the percentage of homes
to apartments? Apartments don’t necessarily diminish value, but they
do mean a more transient population. Do you see vacant businesses or homes
that have been for sale for months?
See if you’ll make money. Ask a local REALTORÒ or call the
local REALTORÒassociation to get information about price appreciation
trends in the neighborhood. Although past performance is no guarantee of
future results, this information may give you a sense of how good an investment
your home will be. A REALTORÒ or the government planning agency
also may be able to tell you about planned developments or other changes
in the neighborhood—like a new school or highway—that might
affect value.
See for yourself. Once you’ve narrowed your focus to two or three
neighborhoods, go there, and walk around. Are homes tidy and well maintained?
Are streets quiet? Pick a warm day if you can and chat with people working
or playing outside. Are they friendly? Are their children to play with
your family?
