Location has always been a deciding factor when buying a property. Investors prefer the right neighborhood because they normally generate the most interest from prospective tenants and a premium on rents. Buyers favor the first-rate location for the same reasons other families have chosen to live in those neighborhoods. Rather it’s the luxury of excellent schools, the convenience of nearby shopping or the quiet cul-de-sac, every buyer has location at the top of their laundry list. While the Internet is certainly an easy way to get a feel for a particular neighborhood, nothing can replace actually seeing it in person. Just remember you can’t judge a book by its cover, nor a neighborhood by its look. Here are a few tips.
Word Of Mouth::If you’re new to a community, start out by visiting realtor open houses and use their expertise in identifying the best areas. Talk to other buyers that know the good and bad neighborhoods. Drive around and talk to neighbors that can give you an honest assessment.
Pride Of Ownership: Are the homes and lawns well maintained. Owners feel obligated to maintain their home when everyone else on the street shows the pride in their own curb appeal.
Any Additional Cost: Are there Homeowners Associations or assessments and bonds within that subdivision. This can raise your monthly out put drastically and could be a detriment to the resale value.
Owner Occupancy Ratio: This is where your local realtor comes in handy. Find out the ratio between owner and non owner. Stable neighborhoods usually translates to more homes being occupied by owners.
Contact The Police Department: This maneuver is strictly a peace of mind approach. Find out if there are any crime in that location. Even petty crime can disrupt your lifestyle. A peaceful neighborhood is high up on the checklist that defines a good neighborhood.
Power Of Schools: Schools have always been a powerful magnet for families with kids. Even empty nesters benefit from good school districts because property values have less fluxiation than areas within bad school districts. You can check the local school ratings online.
There are so many factors that exemplifies a good neighborhood and every family has their own definition. As they say, one size does not fit all. Location should be a high priority for every home buyer. Visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home, scan my informative blogs and easy access to view local area homes for sale in Davis, California and the surrounding communities.