1 What are the neighbours like?
Take time to get a feel for the locals and how you might fit in. Does the area
attract empty nesters and retirees, for example, or is it characterized by young
families? A real estate professional can help inform you about demographic
trends.
2 Does it fit your lifestyle?
Your homebuying checklist may include amenities that are must-haves for your
lifestyle, such as access to public transit, a strong community centre, a place of
worship, or even a great dog-walking park for your pooch.
3 What are the schools like?
Some schools are in such demand that parents will seek out a home in that
area. Even if you don't have young ones at home, a location in a desirable
school district can give you an advantage if you decide to resell.
4 What will your commute be like?
If you drive to work, test your prospective new route in rush-hour conditions.
Add up any additional costs you might incur for fuel, parking, or public transit.
5 Is there commercial activity nearby?
Shops and recreational facilities can help an area thrive economically and
may add to a neighbourhood's attractiveness to some buyers. On the other
hand, consider if the traffic levels or noise will be an issue.
6 Is there a homeowner's association?
Condo or neighbourhood associations can bring people together, instill
a sense of belonging and advance the needs of the community. Many
have their own volunteer-run websites, so search the Internet or inquire at
city hall.
7 Is the neighbourhood new?
Don't judge a new development solely by the plans. If you can, go to the
building site to see where things will be in releation to a lot or building,
such as street lighting, fire hydrants, transformers, driveways, or
intersections. Find out where schools, retail space, or other amenities
are planned. Raise any questions with the builder or representative
before you buy.
8 How is an older neighbourhood showing its age?
Consider the area's infrastructure, from roads to utilities to schools and
other public facilities. Are improvements part of a city or town's long-term
plan?
9 Will there be new development?
If you love a home for its adjacent green space or unobstructed views,
don't just assume it will stay that way. A real estate professional
can tell you about zoning changes or planned construction that may
affect enjoyment of your home. Keep in mind that well-planned
development can also enhance the value of a neighbourhood and
improve its infrastructure.
10 Are there restrictions?
Some municipalities have unique bylaws to restrict things such as
new driveways, pools, or sheds. In some private developments, land
title may include restrictive covenants to limit you from anything from
stringing a clothesline to painting your front door an odd colour. Ask
early to avoid any surprises at closing time.
If you having any other questions, need a referral for a Real Estate
Professional or need a FREE strategegy session ot discuss your
mortgage needs please call (250) 862 1806.
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