Neighborhood Evaluation Techniques:
- Talk to the neighbors and visit local businesses.
- Go by the house at different times of the day.
- Consider the quality and proximity of schools, transportation, entertainment, health care; also consider the job growth rate, traffic, climate, property values, pollution, zoning codes, and crime rate.
- Make sure you are comfortable with all of aspects of your neighborhood.
- Look for compatibility of the house and the neighborhood, that the exterior and landscaping “fit in”.
- Check around the immediate area to be sure there are no railroads, airports, prisons, sewage plants, garbage dumps, landfills, or anything else that may reduce the value of the home.
- Be extremely wary of houses where tragedies occurred, such as murder or suicide, and be wary of new developments because in a few years, your neighborhood may not look like the same one you bought into.
- If you want to establish stability and permanence, it will be more important for you to consider the condition of the house, local schools and neighborhood instead of market conditions.