Evaluating a Neighborhood!

 

1. Drive Around

  • Does it look like a place you’d like to live?
  • Is it near places you’d like to go?
  • Is it too near places you’d like to avoid?
  • What will it be like at commuting times?
  • What is it like at night?

 

2. Quality of Schools

  • What is average school performance?
  • Average test scores?
  • College bound percentages?
  • Spending per student?
  • State rankings?
  • Financial position?

 

3. Education/ Income Profile

  • What is the average household income?
  • Education Level?
  • Occupations?
  • Family type?

 

4. Cultural Amenities

  • Proximity to museums, galleries, universities, seasonal entertainment, theaters, etc.
  • Even if you don’t frequent them, they set the tone for the area.

 

5. Property Values

  • Steady or increasing values generally mean a sound investment.
  • It is almost always best to buy the smallest, least expensive home in the best neighborhood you can afford.

 

6. Future Growth

  • If you are not planning on staying in your new home for a number of years, an abundance of new construction could affect resale.
  • The existence of higher end properties could increase the value of yours.

 

Always seek the assistance of a real estate professional for your neighborhood evaluation! 

Thinking about making a move?  Contact Natalie today, 949.929.5727.