Hoffman Estates Illinois - What makes a good neighborhood? Lyn Sims (847)230-7324 RE/MAX Suburban

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Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/52sF

What Makes a Good Neighborhood?

What makes a good neighborhood?When you buy a house, you also invest in the neighborhood that surrounds it. The identity of a neighborhood may be as important to property values as the individual properties themselves. In a “planned community”, strictly controlled architecture governs a carefully crafted identity block after block. In a rural town, tree-lined streets and an old-fashioned town square preserve a disappearing way of life. In a large city, an older neighborhood's ethnic history has shaped its character and often drives its rejuvenation. It's important to know where a neighborhood has been—and where it's going—before you decide to buy.

1. Start with Statistics

It's now possible to get valuable neighborhood statistics online. Crime statistics, school scores and demographic information are all readily available.  Check the village websites for specific information on the town as a whole. Park Districts are important and so are the schools in a particular community so study these carefully.  Demographics can now be found by zipcode here.

2. Check with the City or Village Hall

You can get any kind of town planning document from your town or county's zoning and/or planning authorities. If you want to be sure that the rural hideaway you just bought stays rural, check with these officials. They start planning large projects like major road construction years from the actual start date.

3. Research the Resale Potential

The quality of the neighborhood will play a big role in your home's resale value—whether you live in the least or most expensive house on theCheck with the Village block. (It’s better to have the smallest house in the best community). Checkout the neighborhood for job growth and home appreciation numbers in the area you're interested in.  Get a list of homes for sale in the neighborhood from your real estate agent to determine how many days they've been on the market. If properties haven't been selling quickly, find out whether the market is slow or if there are neighborhood issues that may make resale difficult.

How can I Find Neighborhoods on the Rise?


Start looking for tomorrow's hot neighborhoods right  on the edge of today's most desirable, well-established neighborhoods. These tangential neighborhoods are frequently next in line to experience a surge in prices.

Look for these signs of increasin gpopularity:

·        Multiple offers on homes for sale
·        An increase in the number of buyers moving in from other areas
·        An increase in the number of local residents trading up within the neighborhood
·        A decrease in the percentage of renters
·        Signs of remodeling

 

4. Get to Know the Community Yourself

Talk to the neighborsIt may sound like a cliché, but nobody knows a neighborhood like the people who live and work there every day. Visit a neighborhood on your own at different times of day and night. Talk to neighbors. Visit nearby schools and local businesses.  Small local papers can be chock-full of information that gives you a feel for the neighborhood or community. If you depend on public transportation, find out how accessible it is in this area. Drive to and from the house from several different directions, so you see both the scenic and not-so-scenic routes.  Plan how long it will take for your daily commute.

 

Hoffman Estates Village Bio

Lyn Sims (847)230-7324
LynSims at RE/MAX Suburban (847)230-7324

 

 

SO ARE YOU READY TO TAKE THE FIRST STEPS?  ARE YOU READY TO GET STARTED?

I HAVE 20+ YEARS EXPERIENCE WORKING THE NORTHWEST SUBURBAN MARKET AREA AND WOULD LOVE TO GET YOU ON YOUR WAYLyn Sims (847)230-7324 TO YOUR NEXT HOME!

 

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
 
 
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Ambassador
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Great Neighborhood Primer on how to buy!

Aug 23, 2008 12:20 PM #1
Rainmaker
1,676,593
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Thanks Renee!  I appreciate your comment, just finally put down my suggestions to buyers in a post.

Aug 24, 2008 03:15 AM #3
Rainmaker
3,985,753
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Great format Lyn.  My great neighborhood would be at least 5 miles between neighbors, so as not to bumb elbows everytime I turn around!

You can take the boy out of the wilderness, but you can't take the wilderness out of me!!!

Aug 26, 2008 06:54 AM #4
Rainmaker
1,676,593
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Thanks Bill, in your neck of the woods I'm not sure whom to call when the nearest town is X miles away!  Our average lots here are 75x125 or so with everything being incorporated.  Easy to check.

Aug 26, 2008 07:33 AM #5
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Rainmaker
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Lyn Sims

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