How To Choose The Right Neighborhood When Buying A Home

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Mortgage and Lending with CrossCountry Mortgage, LLC NMLS #3029 NMLS #126036

How To Choose The Right Neighborhood When Buying A Home

 

Buying a Home in Montgomery County PAThe old real estate cliche’ about “location, location, location” is true, as the area of the city where your home is located will have an impact on its future value as well as your lifestyle.

So what factors should you consider when you are choosing which neighborhoods to house hunt within?

Proximity to Your Daily Needs

If you work downtown, living out in the suburbs means that you will be adding time for a commute onto your day.

While this might be worth the cheaper prices for properties out of the town center, it is something to consider when making your decision.

You will also need to consider whether the house is near shopping centers, schools, doctors, dentists and other services that you will need regularly.

Planned Developments

When you are choosing a neighborhood to buy in, do some research into what developments are planned in the future for that part of town.

For example, you might be able to get a cheap price on a home that is out of the way, but a new proposed highway leading straight into the town center that will be built in the next five years could increase property values considerably.

Overall Atmosphere

Take a walk around the neighborhood where you are considering buying and get a sense of the overall atmosphere. Are there a lot of families living there? Are there green places to relax? Are people friendly and saying hello to you?

You want to live in a place where you feel welcome and comfortable.

Property Values

Different neighborhoods will have a range of house prices and you will want to look for something with the right balance of value.

Some areas of town will be very expensive but very nice; other areas will have cheap house prices but might not be as pleasant to live in. Take the time to find the neighborhood that is in the middle, where you will find the right house, and neighborhood, at a good price.

These are just a few of the factors to consider so that you can choose the right neighborhood to buy in.

For more information about buying a Phoenixville home, feel free to contact your trusted mortgage professional today.

 

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For help or questions contact:

Joe Gonzalez

Senior Loan Consultant -  NMLS #126036
GMH Mortgage Services, LLC
625 W. Ridge Pike, Building C, Suite 100 | Conshohocken, PA  19428 | Direct: 610-355-8039 |  Cell: 610-739-6563

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Topic:
Home Buying
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Pennsylvania Montgomery County Phoenixville
Tags:
phoenixville pa
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home buyer tips
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Rainmaker
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Elise Harron
Dirt Road Real Estate - Kingman, AZ
Rural Vacant Land and Development Specialist

The most rewarding purchase of a home I ever had was a neighborhood that I "haunted" for two weeks before making an offer... I drove it at 5am, 7am, 10am, 2pm 3:30 when the schools let out, 5pm, 7:30 and 10:30pm - I MISS THAT house and I MISS that neighborhood... I highly recommend haunting your prospective new neighborhood before making an offer!!!!   Super rewarding to actually KNOW what you are buying!

Great post - thanks for sharing!!!!

Aug 12, 2013 11:43 PM #1
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Rainmaker
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Joe Gonzalez

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