Buying a home can feel like the most intense research project ever. From mortgages, to contracts, to property condition issues, there’s a lot to look at. An additional area you’ll definitely want to investigate in detail:your new neighborhood.
Here are 5 items you definitely need to know:
1) Before you buy a home or move into a neighborhood, do the research and check out things like Megan’s Law databases to see where registered sex offenders live.
2) Let’s face facts: some locations have fared better than others over the course of the recession. And some of the hardest hit neighborhoods are where the best deals are to be found. But know that the harder hit areas might take longer to see an uptick in home values, so you may want to stay put longer before you sell.