What First Home Buyers Need To Know About Choosing A Neighbourhood

First home buyers would do well to research their neighbourhood before making an offer on their dream house. Read on to learn more about this topic.

It’s easy to get caught up in the excitement of building your dream home. When you find the right block of land, you’re ready to make an offer on the spot and have a hard time thinking of anything else. But this is the exact time when you should stop to think….about the neighbourhood. Where you build your new home is nearly as important as the dwelling itself. Here are a few things first home buyers should consider before making a final decision.

You’re Getting More Than A House

First home buyers get much more than a physical place to live when they purchase a residence. They’re also committing to a community and gaining new neighbours. Researching the neighbourhood a bit before you make a purchase is a smart move. Although you can’t discover everything there is to know about an area prior to moving in there are a few things you can learn ahead of time which should definitely play into your purchasing decision.

Items Of Consideration For First Home Buyers

1.    Location. Figure out how far the house is from necessary services: markets, petrol stations, shopping, doctors, dining and leisure activities. Think about places you go frequently and determine if the distance is a deal breaker or not.   

2.    Your personality and lifestyle. What’s important to you? Does the neighbourhood support that? If you have kids, find out if there are other kids in the area. Ask yourself if the area will fit your lifestyle.

3.    Schools. Even if you don’t have children, first home buyers should research the schools. The quality of the schools can influence housing prices. It might not concern you too much right now, but when the time comes to sell, being located in a good school district will pay off.

4.    Commuting. How will the new location affect your work commute? How far are you willing to travel? Conduct a few test drives at different times of day to get an idea of the commute. Take into account public transportation too. If it is something you’d use, find out if it’s available in the neighbourhood.

5.    Make multiple visits. Try to get out and drive or walk around the neighbourhood at different times of the day and night. Do you feel comfortable? How busy is it? Is it noisy or quiet? Are the neighbours out and about or do they seem to keep to themselves? Whatever the feel, make sure it won’t bother you. It will be hard to fully enjoy your home if you don’t like the neighbourhood.

6.    Crime Stats. If you’re unfamiliar with the area, check the local crime statistics. Many realtors and developers can provide this information for you or you can contact the local police directly.

Go With Your Gut

Finally, don’t ignore your gut instincts. If it feels wrong, it probably is, even if you can’t put your finger on the thing that’s bothering you. Remember, you’re the one who has to live there. If it doesn’t feel right to you, keep looking.

33 thoughts on “What First Home Buyers Need To Know About Choosing A Neighbourhood”

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