Nothing is more frustrating than finding a wonderful house and then
realizing that the neighborhood is not as great. Everyone has heard the
expression, “location, location, location,” and it’s one of the main reasons
homeowners say they love their home. Yes, the chef’s kitchen is a nice
feature, but if there are rules that are deal breakers in the HOA, the
excitement fades quickly.
Here are Six Questions to ask yourself that will help you find the right
community:
1. Is there pride of ownership? Observing the community – the
streets, the parks, the neighborhood yards – can tell you a lot about
the location. Is there pride of ownership?
2. Is convenience important to you? Do you want to live close to
highways, shopping, medical facilities, or schools? Do you prefer a
more rural location with a slower pace? Carefully consider the
lifestyle you want as part of the community analysis.
3. Are home values rising or falling? While the overall market will
impact all communities, pay special attention to housing values and if
they are declining, understand why.
4. Does the community have an HOA? Some people love HOAs
for maintaining the community’s appearance while others do not
want the restrictions they bring.
5. How are the schools rated? Regardless of whether you have
school-aged children, the quality of the schools may affect property
values, positively or negatively.
6. How safe is the neighborhood? Crime statistics are available
through a variety of sources online. Make sure to check them when
doing your research.
There are other considerations of course but start by asking these
questions before you fall in love with a home. Choosing the right
community is even more important than picking the right house.
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