Things to Consider About the Neighborhood When Buying a House
Published on Wednesday, 13 June 2012
A common overlooked aspect when buying property is the location and mostly the neighborhood itself. Usually the real estate buyers are too busy inspecting the exterior and interior of the house and get distracted with budgeting, paperwork for mortgage loan and potential repairs of the property, to look at the bigger picture. Once you move into your new house, however, you get what you have paid for. Then you may realize you've chosen the right house but in the wrong neighborhood. Don't make this mistake and research carefully beforehand. When you are looking for a house to buy, don't focus only on the house itself, but also pay attention to its surrounding. The neighborhood affects many things when it comes to real state - price, amenities, convenience, safety, overall look. The neighborhood is an important aspect especially if you have or plan to have children. It is your responsibility to find out the most you can about the chosen neighborhood before you close the deal.
Here are some of the things you must consider before you make your decision:
What do you really want?
Every home buyer has an image of their dream home and many prepare a list of their needs and wants. However, most buyers only write down what the house should have and totally forget about the surrounding and the whole neighborhood. No matter what property you choose (a flat, a single family house, a condo or a villa) it will be a part of the neighborhood. What are the things that you really want in a neighborhood? Your dream neighborhood might require a second list and it can be much harder to find the one that suits all your needs. Decide what it is that you really want from the neighborhood, and from that point it will be easier to find the right property too.
Security is important
How secure a neighborhood is will determine how safe you feel at home and whether your children will run and play freely. This aspect should be placed on top of your list of requirements. Security doesn't always mean security guards surrounding the housing area and high gates. Research online how secure the area is or go and speak to residents.
Accessibility and Traffic
If you work you will need a property in a neighborhood that is easily accessible and has available regular public transport. A good choice is a suburban area where the traffic is much calmer and it's easier to park.
Buying a house is a big investment so you must make sure that you are making the right decision in terms of neighborhood and location. If you don't want to be stuck in a boring place and lack places to go to, look for a neighborhood with parks, playgrounds, cinemas and other amenities. If you like sports, you should choose a neighborhood which allows you to practice it. Other amenities that are important are a school for your children, grocery stores, supermarkets and ideally a hospital.
These are just some of the basic things you should look for in the neighborhood. Home buyers have different priorities and needs, so make sure yours and those of your family are met. If you don't know your priorities in terms of location, figure them out before you start the search of a new home. This will save you lots of time and headaches.
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