How To: Assess a Home's Neighborhood

Published on August 16th, 2017

Home buying is more than just buying a house; you’re also investing in the neighborhood. Before basing your decision solely on the house itself, learn how to assess the neighborhood to make sure it is a suitable fit for you!

What to look for in a home’s neighborhood:

The neighborhood is appealing and well-kept.

Aesthetics matter when choosing where you want to buy a home. You will be driving through your neighborhood regularly, and if you want to spend time outside, it is important that you like the looks of the area. A well-kept neighborhood shows the residents care and like where they live.

The homes are in an affordable price range.

Getting a deal on your home is great! But it is important to determine if you are able to keep up with the cost of living in the neighborhood. Be realistic about your price range while searching for a home. The rule of thumb is to never buy the best house on the block, for investment purposes.

A good school district.

If you have children or plan on having children make sure the school district is what you are looking for. The National Center for Education Statistics gives you data for each school district. Do your research before moving to ensure the school district meets your criteria.

The home is accessible to goods, services, and your job.

If getting where you need to go quickly is important to you, this is something to think about when choosing a neighborhood. Make sure you can get to the places you go most frequently in a reasonable amount a time is a great idea when deciding on a home. You’ll save time and gas.

 

There are many online sources that can help you further assess neighborhoods based on these characteristics. Once you find a suitable neighborhood, contact vLoan to get started or get a free rate quote to determine your monthly mortgage payment.

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