5 Steps for Picking the Right Neighborhood

It comes as no surprise that when it comes to real estate, choosing the right neighborhood is critical. It will determine whether your property will gain little, a lot or no value in the coming years. But how does one go about choosing the right neighborhood? Below are 5 steps you need to take to find the perfect spot:

5 steps for picking the right neighborhood

Choosing the right neighborhood. Step #1

Look

The Google Street View maps that appear in DuProprio listings are useful, but they do not tell the whole story. When visiting a property, take the time to explore the entire neighborhood. Keep your eyes open and scan the horizon. Look for things that could annoy you or charm you. If you are horrified by the sight of a transmission tower nearby or a factory a few blocks down, that is something you will want to consider come decision-making time. Chances are that these elements won’t vanish from the landscape anytime soon. Take notice. The map tab that appears in DuProprio listings will give you a first glimpse at the neighborhood.

Choosing the right neighborhood. Step #2

Smell

What a shame it would be to have to keep the windows of your house closed all summer because of the foul odors coming out of the factory around the corner. To avoid being bothered year-long, make return visits to the neighborhood to breathe in the air before making your purchase. When possible, do so at different times to get a better idea of air quality throughout the day. It may seem like an insignificant detail at first, but after years of breathing in unpleasant fumes, many homeowners end up seeing red. How many times have we witnessed resident groups complain about a company putting them in a stinky situation?

Choosing the right neighborhood. Step #3

Listen

Listen carefully. There may be a busy road, noisy establishment, playground or loud neighbor in the area. Once more, you might want to return at different times in the day or during different days of the week to get a better idea of the regularity and intensity of the noise. If the property you are looking into is next to a public parking lot, you will surely have to endure a lot of traffic. Are you willing to tolerate all that noise? Quaint neighborhoods in waterfront areas are much coveted.

Choosing the right neighborhood. Step #4

Interrogate

If you are under the impression that the current homeowner lacks objectivity, it would be a good idea to have a talk with neighbors before making your purchase. What do they have to say about the quality of living in the area? Did they bring up any annoyances that would prevent them from buying in the neighborhood again? Are they aware of a situation that might eventually depreciate the value of homes in the area? Although leading such an investigation may be intimidating, you need to remember that you will be spending a lot of money towards the purchase of your new home. Better to be safe than sorry.

Choosing the right neighborhood. Step #5

Evaluate

How far do you need to go to access services such as a grocery store, school, pharmacy or hospital? How long will it take you to get downtown or to work? Will you be spending countless hours stuck in traffic? Does the neighborhood meet your needs and those of your family? Make an overall assessment by taking into account all the information you gathered and carefully weigh the pros and cons of the local area before you buy. Take out your crystal ball and try to foresee how the neighborhood will develop. Will it be a sought-after area in the coming years?

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