It is critically important to research a neighborhood before purchasing your new home. While many people seem to think that it is not wise to think of your home as an investment, the reality is that your home is often your biggest investment. That being said there are some things to keep in mind when setting out to buy a home, the least of which is getting to know the neighborhood you wish to buy in. If you do your research, selecting your home properly will insure a better return on your dollar should you decide to sell at some point in the future.
Research the neighborhood that you want to live in. Aside from checking out the quality of schools and other amenities that are available, take a close look at the property values. Which streets hold more value? Is one edge of the neighborhood closer to a more upscale neighborhood, is one side close to a less desirable neighborhood? According to Realty Times, less is more. They say purchasing the least in the best neighborhood will give you the greatest return since every time a better house sells your value goes up as well.
While you may not look at your primary residence as an investment, in the long run it may be the best investment you have, so do your research and you will be happier in the long run. Remember, in real estate it's Location! Location! Location!
Click here to read buying advice from Realty times.
If you should have any questions, please fell free to contact me. It would be a pleasure to help you with your home purchase.
Regards,
Catherine Bennison, Realtor
Keller Williams LAHarbor
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