When you purchase a new home, you focus primarily on the house itself. Did you know that the neighborhood where your house is located is important in terms of valuation and safety? The safety part is probably pretty obvious, but without doing the proper research, your surrounding houses could potentially bring your value down. Here are some tips that you can implement into your research.
One good way that you can get a feel for an area is to park your car at the house you’re looking at and take a 2-3 block walk in each direction. Take a look at the surrounding area. Are the houses in good shape? Are the lawns taken care of? What types of cars are parked? Do you see people jogging?
While researching your neighborhood, be on the lookout for how highly the community is looked at. Check which schools are around the area and if they are highly rated. If the school is local and your children are walking to school, you can research how walker-friendly your area is.
Consider speaking to your real estate agent to find out more information about the area that you are looking into. A quality realtor will have sufficient information about the neighborhood and be able to provide information such as how safe it is or the value of the surrounding houses.
It’s important for you, as a homebuyer, to get a feel for the surrounding neighborhood especially when it comes to safety. Be prepared by allocating some time aside to research the area. You and your family will benefit from it when you’re living in comfort.