Everyone knows that sometimes selecting the best neighborhood to move to is not always so easy. Each town offers different amenities and services, school systems, different pricing and different housing options. There may be some clear reasons why you choose one area over another, but sometimes there are other things that come into play for a wise decision. Here are 7 tips to follow as you hone in on your area of choice.
Know your budget – It may seem obvious, but take a good look at what you can comfortably afford. Next, you will want to do a needs assessment of what is most important to you. How many bathrooms do you need? Do you need more than two bedrooms? When you have your budget and needs identified I can help you decide which areas are realistic.
Neighborhood amenities – Not all towns are created equal. Some offer public transportation options while others might offer more green space. Some have a strong sense of community while others have busier thoroughfares.
Know local pricing – Start to study pricing in the areas of interest. I can provide you with what properties are currently available as well as what they have been selling for in the local areas.
Check absorption rates – In the north shore real estate market as well as nearby areas homes have been steadily selling due to the limited housing options and the large amount of buyers. Each price point may differ in terms of sales pace so you may want to check it out for your price bracket.
Neighborhood trends – Some towns are more expensive than others. Check to see for neighborhood trends of where the next best area is that people are moving to that is most affordable. Depending on your needs, there could be a few different options to choose from.
Notice the details – You should notice a lot when just visiting or roaming the streets in an area. However, dig deeper and see what plans the local community has. Will there be a public transit enhancement nearby? More parks or services scheduled for the near future? More residential or commercial development?
Don’t fall for statistics – Simply reading police reports or some articles on an area doesn’t always tell the full story. If you want to get a real flavor for an area, make sure you visit it many times and interact with the locals. Interviewing the residents can be a more valuable litmus test for what an area is really like.