Find your next neighborhood

Almost 80% if not 100% of all home searches today begin on the Internet. With just a few clicks of the mouse, home buyers can search through hundreds of online listings, view virtual tours, and sort through dozens of photographs and aerial shots of neighborhoods and homes. You've probably defined your goals and have a pretty good idea of the type of home and neighborhood you want. 

What to know about your next neighborhood?

School ratings

Education is important to your children's future, ask your friends or relatives about the neighborhood, take a moment and drive through it and have a look yourself on different week time.

Apreciation rates

Know which neighborhoods have the highest home appreciation rates before you buy. You can search for neighborhoods in any area with the highest home value appreciation for the latest quarter, 1 year, 2 years, 5 years or more.
Demographics involve the numbers used to define members of a given population. They are helpful in understanding the population in a particular neighborhood. When considering relocating, it is beneficial to know in advance about who lives in that area. If you are a young couple with kids and the neighborhood is primarily occupied by retired folks, it might not be the ideal choice for your next home. This is all part of how having access to demographics can help you decide if a particular neighborhood is a place that you want to have your residence. Such knowledge is also used by community leaders for making decisions that will help their residents. Understanding the population is an essential tool for any type of changes being planned for the future. Consider the points below:

a- Location of Local Stores.

Do grocery store chains plan on building more locations or closing existing stores? Seeing the trends will help to know what to expect as time passes. It can be very inconvenient to suddenly have your local grocery store close and have to travel more than thirty minutes to buy your groceries.

b- Schools

How will the schools change in the future? Are they going to add new ones or be cutting back? It could be a major problem if you have elementary school kids and next year, instead of there being a school a few blocks away, it's far away.

c- Economic Indicators

What is the unemployment trend in this neighborhood? Are there lots of jobs or has there been a long history of high unemployment? These factors can affect the value of the homes in the area.

d- Family Income

This is another aspect to neighborhoods you will want to consider. Some people enjoy living among those of similar income ranges who are more likely to have the same lifestyles and interests.

e- Housing

Does the area have a large number of block apartment or is it mainly composed of sigle family homes? What is the average price of homes? Have real estate values declined or risen in the last few years?

Few questions to consider 

  • How far will my house be from work? Can you handle the time/money involved in the commute? 
  • If you have young kids, how far will be the grandparents from the house? They are the best babysitters.