Choosing the Right Neighborhood for Your New Home
When you buy a home, you aren’t just buying a house, you’re buying into a neighborhood. It’s important to make sure the neighborhood you’re buying into is a good fit for you and your family. You don’t want to end up loving your house but hating the neighborhood surrounding it. Here are some tips to help you in choosing the right neighborhood for your new home to make sure it fits you as well as the house does.
1. Check the crime rate – There are a number of resources online that provide crime data for neighborhoods. Your real estate agent should also be able to help you research this information. Keep in mind that different neighborhoods within the same town can have vastly different crime rates so be sure to look at the specific neighborhood and not just the town in general.
2. Take a walk – Walk through the neighborhood and check out the upkeep of yards and homes, meet some potential neighbors, check for vacant buildings and get a sense of the energy of the neighborhood. Is it family friendly? Is it mostly seniors?
3. Check the commute – Is there public transportation if you need it? How long would the commute be to work, your children’s school, necessary stores and pharmacies? Check the commute at the time you would normally be going to work to get the most accurate sense of what the daily commute is like.
4. Research the quality ratings of the schools that serve the neighborhood – Even if you don’t have children, the quality of the schools is an important factor in choosing a neighborhood. Neighborhoods with high quality rated schools tend to hold their property value and appreciate in value more than communities with lower ranked schools.
5. Review the comps – Your real estate agent should be able to provide you with comps, or comparable listings that have sold recently in that neighborhood. This gives you more insight into the current value of that neighborhood as a market.
6. Investigate the amenities – Particularly in the Myrtle Beach area, many housing developments offer a number of amenities for residents including pools, tennis courts, walking trails, basketball courts, clubhouses and more. Check out what amenities are offered by the housing development and in the surrounding local area, such as public playgrounds, parks and libraries.
7. Ask yourself the right questions – Do you prefer a neighborhood that is quiet or playful with lots of kids? Do you prefer a neighborhood with lots of community events with a tight-knit crowd or are you more into going solo? Is the neighborhood close enough or far enough from stores and shopping to meet your needs? Envision yourself living there and evaluate any pain points or bonus points you come up with.
Choosing the right neighborhood for your new home is an important part of the home buying process. You want to make sure the neighborhood you choose fits you and your family as well as your new home does. These 7 tips help you look at the day-to-day experience of living in a particular neighborhood so you can choose a community you love as much as you love your new home.