Are you currently on the home hunt? You probably have a list of needs and wants. Have you included anything about the neighbourhood?
In addition to bedrooms, baths, and interior upgrades, it’s a good rule of thumb to ask a few questions about the potential neighbourhood you may want to call home. When you’re thinking about buying, here are some questions you can ask to help determine if the neighbourhood will be a good fit for you.
1. Is the area well-maintained? Take a walk around the block. Drive through the neighbourhood. Are properties well-maintained? Are roads in good condition? The appearance of the lawns, homes, and public spaces can reveal a lot about the area.
2. Are there any rules and regulations you need to be aware of before you commit? Do you mind if your renovations and landscaping are restricted by homeowner association bylaws? Find out if the neighbourhood has any rules and regulations, and what they are.
3. What is the reputation of the school district? Even if you don’t have children, the school district’s status can affect property values. Get the scoop on the district’s rankings in academics and financial stability.
4. What’s the crime rate? Oftentimes you can find maps provided by the city that show what crimes occur in the area and how often. The FBI may also have reports available for the area. Do a little research to make sure you’ll feel safe in your new home.
5. What amenities are nearby? For some homebuyers, access to public transportation is important. Others want to live near parks, shops, or restaurants. Find out what amenities the area offers to ensure that you choose a neighbourhood that suits your lifestyle.
Jim and Suzy Homebuyer just found their dream property for $50K and fixed it up in three weeks.
Stories like this have skewed viewers’ expectations of real estate reality.
Shows about home buying and renovation projects can be fun to watch, but we may not realize that they often don’t depict the realities of buying, selling, and owning a home.
Here are three common myths popularized by today’s TV lineup.
“Three homes will do.”
On TV, a couple looks at three homes and is able to find the property of their dreams. This isn’t how things work in the real world.
The number of homes buyers must look at before finding the right one for them differs in each situation. It’s not uncommon to look at 20 homes. It may even work out that you look at just one (but it’s not likely).
“I can afford that.”
Shows that depict real estate purchases and renovations rarely reflect prices that are realistic for viewers. We may witness a bargain deal on TV and assume we could get something similar.
The fact is, markets vary greatly. The price of a home or a remodel in the area where the show is filmed may be completely different from what we can expect in our home town – either much higher or much lower.
“This will be a cinch.”
While some DIY projects can be completed quickly, the amount of time most renovations take is longer than TV would have you believe. Homeowners shouldn’t expect to dive into a basement remodel on Friday and wake up Monday morning with the project behind them. Even if you hire professionals, they may encounter unexpected delays or simply need more time to do the renovation right.
If you’re considering buying, selling, or renovating, the more information you have, the better prepared you can be. Contact me for some professional input – I’m happy to help.