Your REALTOR is your best source of information on property and neighborhood information. There are also numerous Internet sites, such as REALTOR.com, Homes.com, Homeadvisor.com, schoolmatch.com and others, that can assist you in your research.
- 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 rather avoid?
- What will it look like during commuting time?
- What’s it like at night?
Quality of Schools
- What is the school performance?
- Average test scores?
- Capacity of school in relation to # of students?
- Parent involvement?
- After school activities, teams?
- What is the household income?
- The education level?
- Family type?
Proximity to museums, galleries, universities, seasonal entertainment, theatres, orchestras, etc. Even if you don’t frequent them, they help set the tone for the area.
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.
If you are not planning on staying in your new home for a number of years, an abundance of new construction being planned could affect your resale. Equally true, however, is the existence of higher end properties could increase the value of yours.