Liveability, the quality of the surrounding community, is a crucial factor when choosing where to live. While forming an accurate impression of a neighbourhood can be challenging until you move there, preliminary research can help prevent buyer’s remorse. Here are five strategies for researching a neighbourhood before buying a home.
Discovering the Neighbourhood
To determine if an area is ideal for you, it's essential to visit multiple times. Pay attention to the sounds of planes, trains, and automobiles as you explore. Living near noisy areas might not be ideal if you have a low tolerance for sound. Observe the condition of nearby houses. A neighbourhood with many homes on the market and neglected yards or fences may not be in good shape. Exploring both during the day and at night, as well as on weekdays and weekends, can provide a comprehensive understanding of the area.
Engaging with Neighbours
Talking to locals can offer valuable insights into a community. Introduce yourself to potential future neighbours and ask if they recommend the area. Conversations with current residents can provide a real sense of what it's like to live there and help you decide if the neighbourhood is suitable for you and your family.
Checking the Crime Rate
One of the most critical factors to consider before purchasing a home is the local crime rate. While some level of criminal activity exists in every area, some places are significantly safer than others. Checking crime maps through a quick Google search or contacting local police for information can provide a clear picture of the area's safety. Low crime rates generally contribute to a sense of security and peace of mind.
Analyzing Property Value Trends
Examining recent changes in property values is essential if you are considering purchasing a home. Rising property values can indicate a high quality of life and robust public amenities funding. Consulting a local real estate agent can help determine if home prices in the area are rising, steady, or falling. However, property values alone are not indicative of a neighbourhood's desirability, and affordable housing doesn't necessarily mean poor living conditions. Still, understanding property value trends is crucial for long-term investment planning.
Experiencing the Commute
Your daily commute can significantly impact your overall happiness. While online tools can estimate commute times, experiencing the commute firsthand by car, foot, bike, or public transportation is invaluable. Testing your commute during typical travel times can provide a realistic view of daily travel challenges and benefits.
Choosing the Right Home in the Right Neighbourhood
Finding a desirable community is as important as finding the perfect home. While you can make improvements to a house, changing a neighbourhood's characteristics is much more challenging. Take your time to learn about the community and get a feel for the area before making a purchase. Consulting with a knowledgeable real estate agent, such as a RE/MAX agent, can also provide essential insights and a head start in choosing the right home in the right neighbourhood for your family.