Buying a new house isn’t something you do every day. In fact, on average, people stay in their homes for seven years. That’s why it’s important to choose your new home carefully, and that starts with the neighborhood in which you want to live. Each homebuyer has their own unique set of wants and needs when it comes to their home’s location, including their price range, must-have home features and proximity to workplaces, family and more.
When narrowing down the neighborhood for a home search, consider these things:
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Property values: You can review comparable properties to see how much they have sold for to get an idea of the value of the homes in that neighborhood and to confirm that a home in which you are interested is priced appropriately.
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Property taxes: Property taxes can vary greatly from town to town, so it’s important to research how much they will be in your target neighborhoods. This information can be found easily online.
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Schools: The school district in which a home is located impacts property values. An objective guide to schools can be found on Weichert.com or by clicking here.
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Safety: The crime rate in a particular area is sure to be important to all homebuyers. Information about the safety level of neighborhoods can be found at websites like CrimeReport.com.
For more real estate tips and insights, visit the Weichert.com Research section at www.weichert.com/guides/.
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