How To Choose A Neighborhood

By
Real Estate Agent with Howard Hanna Real Estate Services

How To Choose A Neighborhood - Originally posted at Cleveland Real Estate Blog

 

choosing a neighborhood

 

In a recent article titled,  what’s more important the home or the neighborhood, there was critical discussion on how both were extremely important in their own ways. Today, we are focusing on how to choose the right neighborhood.

STEP ONE - DEFINE YOUR IDEAL NEIGHBORHOOD

There are a lot of things to think about when picking out a neighborhood. Here is a good exercise that should help out:

Think about all the things that are important to you and write them down.  Include a section titled "must haves". These are things that a neighborhood absolutely must have in order for you to buy there. You may also want to have a section titled "would like it to have", although these things wouldn't be nearly as important. 

One thing to remember is that sometimes the perfect neighborhood simply doesn't exist in your price range, so being a little flexible is important.

STEP TWO - CHECK THINGS OUT ---IN PERSON!

While the Internet is certainly an easy way to get a feel for a particular neighborhood, nothing can replace actually seeing it in person with a knowledgeable local real estate agent. Here are a few tips:

1.     Talk to people who live there. Neighbors are usually pretty open and will tell you all about their neighborhood.

2.     Is there pride of ownership? If the homes have good curb appeal and seem well maintained, it is usually a good sign that people there take care of their homes.

3.     Who lives there? Are there kids, dogs, other people your age? Driving around during the early evenings or weekends, when people are out and about will give you a good feel about your future neighbors. 

 

STEP THREE - OTHER THINGS TO CONSIDER

1.     Location - This is viewed by many as being one of the most important things about an area. How far is it from your work? From schools and shopping?

2.     Costs - In addition to the price of homes in a given neighborhood, some developments, especially in the luxury market, require membership to a club or possibly associations. Find out if there are any additional costs on homes you are considering.

3.    Adverse Factors - Are there any negative features of a neighborhood? Is the area located next to a highway, railroad tracks, or power lines? While these may or may not matter to you, these factors could affect value and resale, so you should at least know about them.

While the actual house you buy is important, you are also buying the neighborhood and the lifestyle that comes with it. Don’t discount the importance of a neighborhood when it comes to buying a home as it is often viewed as just important as the home itself.

 

If you liked this post, please subscribe to our blog. We always appreciate having new readers and more importantly, enjoy making new friends.

Here are some others that may interest you as well:

Home Sellers, Don't Let This Happen To You

Cool Virtual Tool To Help Pick Out Paint Color

Is Social Media Killing Confidentiality?

Is Your Message Being Tuned Out?

Real Estate Agents Are Not Just Door Openers

**************************************************************************************

About The Authors:

Dan and Amy Schuman service the Cleveland, Oh metropolitan area and specialize in Cleveland luxury homes and working with buyers relocating to Cleveland.

For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235 or email.

 

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How To Choose A Neighborhood is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June, 2011 

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Rainmaker
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Glenn Roberts
Retired - Seattle, WA

Excellent post San and Amy. Neighborhood review is, to me, the most important past of selecting a home. Telling neighbors that you plan to live there let's you know immediately how well you will be received. Houses can be fixed. The location of a house is much harder to change...and according to the deed, what you are buying is a legal description, not a description of the improvements made on the property.

Jun 28, 2011 02:35 AM #1
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Dan, Great point on the "perfect neighborhood may not exist in your price range".  Spot on, wants and ability don't always overlap.

Jun 28, 2011 04:02 AM #2
Rainmaker
301,963
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Glenn - Thank you so much for reading and commenting. Neighborhood is such an important part of a home and many buyers don't quite understand that.

Bliz - Sometimes a little flexibility is important. Not only does the perfect neighborhood not exist in a price point, but the perfect house doesn't exist either.

Jun 28, 2011 04:21 AM #3
Rainmaker
301,963
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Glenn - Thank you so much for reading and commenting. Neighborhood is such an important part of a home and many buyers don't quite understand that.

Bliz - Sometimes a little flexibility is important. Not only does the perfect neighborhood not exist in a price point, but the perfect house doesn't exist either.

Jun 28, 2011 04:21 AM #4
Rainmaker
301,963
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Glenn - Thank you so much for reading and commenting. Neighborhood is such an important part of a home and many buyers don't quite understand that.

Bliz - Sometimes a little flexibility is important. Not only does the perfect neighborhood not exist in a price point, but the perfect house doesn't exist either.

Jun 28, 2011 04:22 AM #5
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Dan and Amy, I always recommend to my buyers when they ask me about the neighborhood to go out and meet some of the neighbors, and talk with them. Future neighbors will tell you everything you want to know and perhaps, a few things you don't want to know too.

 

Jun 28, 2011 04:40 AM #6
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Cindy Marchant
Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

Great advice...I always tell my buyers if they want to know about kids in the neighborhood to hang out at bus times or count the number of swing sets in the yards....lol

Jun 28, 2011 07:26 AM #7
Rainmaker
150,519
Virginia Gardner
Roy Wheeler Realty Co. - Charlottesville, VA
Realtor, Charlottesville, Serving Central Virginia

Sam and Amy, you always provide such thoughtful posts for your clients and prospects. Like all other goals, it's important to write things down... once those parameters are established in writing, it makes neighborhood selection that much more clear.

Jun 30, 2011 09:37 AM #8
Rainmaker
301,963
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Jerry - Sound advice, your clients are well serviced by you.

Cindy "in Indy" - Very sharp observation.

Virginia - Thank you as always for your kind remarks. Writing things down makes a lot of sense.

 

Jul 06, 2011 08:26 AM #9
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