Tuesday, October 20, 2009

How do I select the best neighborhood?

The first step in selecting the best neighborhood that will best fit your needs is determining the lifestyle you prefer.

There are several options including a single family home, high rise condo, mid-rise condo, townhome, patio home, or loft living. You may want to be in a more urban area or suburban area. We have the luxury here in Colorado to even find a home in the mountains.

Some other important factors to consider are:
  • Neighborhood parks, bike paths, libraries, etc.
  • Commute time to work, airport, functions
  • Distance to schools, church, health clubs, physicians
  • Access to shopping, restaurants, movies
  • Transportation needs such as public or if you will need a car

Your next consideration could be the type of neighborhood you prefer. Do you want a new neighborhood or an old one? An older, existing neighborhood is usually more centrally located and has mature landscaping and charm. Typically, a newer neighborhood tends to be more suburban with a fresh, clean look to it, but little mature vegetation.

School districts can be an important factor. Is a private or public school important? With either, it is good to research options and look at test scores, ratings, and make a trip to the schools.

Look that the crime statistics. Is the crime in the area increasing over time or decreasing?

Is there a Home Owner's Association? If so, what are the rules and regulations you must follow?

It is a good idea to drive around the neighborhood during the day and at night. Do you feel a sense of community and pride of ownership? Remember, when you buy a home, you buy the neighborhood as well.

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