Finding A Good Neighborhood

Anyone will tell you that buying a home in a good neighborhood is essential. But what things go into making one neighborhood more desirable than another? Aside from an intangible feeling about a place, there are a number of qualities that set some neighborhoods apart, such as:

• Good public schools nearby
• Well-maintained homes and clean public areas
• Close proximity to good shopping
• Public facilities like parks and community centers

Doing thorough neighborhood research is critical if you truly want your home to fit your needs. Here are some basic strategies:

Call City Hall

Check with local officials on the zoning of neighborhoods and the likelihood of any substantial public projects. Large projects such as major road construction are planned years in advance.

Resale Potential

Though appreciation can be an impossible thing to predict, it's imperative to at least research to determine a home's resale potential. In addition, researching new industries or businesses moving to the area will provide a great window for future growth which will lead to a greater housing demand.

Do the Footwork

Probably the most important step in researching neighborhoods is to get a first-hand look. Talk to residents, visit local schools, businesses, parks, and get to know your way around. If you plan on using public transportation, see what options are available. Be sure to visit the neighborhood at several different times of day. Three quick ways to scope out a neighborhood:

• Eat at local restaurants (non-chains) to get a feel for the people
• Attend a community meeting
• Read the community newspaper

Your first impression of a neighborhood will largely be an emotional reaction. By researching the facts and future of a given neighborhood, you'll ensure that your decision will be well informed.