We all know, your neighborhood is just as important as your home. If you don’t like your neighborhood you will become unhappy with your house. Look into and research what a neighborhood is going to offer you. Read further to discover things you should be focusing on in your new neighborhood before you purchase the home.
It is important to know
The community is a big factor in your neighborhood. Think about if you want to be close to Gyms, Grocery or Retail shopping, this plays a big part when choosing a rural location. Make sure to drive around the area and find out what is close to your prospective home.
PRO TIP: CHECK THE SURROUNDING AREA OF YOUR NEW HOME BEFORE YOU BUY. NOTE DISTANCE OF SHOPS AND STORES YOU WILL VISIT OFTEN.
Asking local residents near your new home is a great way to find out if you will like the community. Locals know the neighborhood already and can direct you to perks and issues of living there.
Overwhelmed at the thought of going to every business and community center? Check out Facebook! Join local Facebook Groups to get an inside look of what is happening in the neighborhood. You can even post questions and get live feedback.
- Thinking of moving into the area and wanted to know something you love about living here?
- Do you know of any changes to the area in the near future?
- Can you share something only you would know about if you lived here?
PRO TIP: CHECK ONLINE BY SEARCHING “HOW IS LIVING IN (NEIGHBORHOOD) TO FIND OTHER WEB RESULTS ABOUT THE COMMUNITY. ALSO, LOOK UP THE CITY COUNCIL MINUTES FROM PAST MEETINGS.
Home values in highly rated school districts usually see the largest gain in home values and are stable markets. Looking for a home in a good school district is a great move! Research how schools are run in the community you are looking at. Most require your home to be in the school district. Check online at the Georgia Department of Education for more information on school choice.
PRO TIP: SEARCH GREATSCHOOL.ORG FOR RATINGS OF THE SCHOOLS IN YOUR SOUGHT AFTER NEIGHBORHOOD. AFTER YOU PICK, MAKE SURE TO VISIT THE SCHOOL.
Property values play a huge roll in picking a neighborhood. A neighborhood with higher home values will mean higher taxes that should go to improving the Community around it. If a home’s value is declining it is possible the entire neighborhood is decreasing in value possibly due to foreclosures or other community factors. A neighborhood that once was beautiful and thriving can end up needing some love and care.
Most times it is wise to not choose the most expensive home in the neighborhood or community. This allows for the fluctuation of home values not to affect your new purchase.
PRO TIP: DON’T BUY THE MOST EXPENSIVE HOME IF THE VALUES ARE ABOVE AVERAGE FOR THE COMMUNITY. IT POSSIBLY WILL APPRECIATE SLOWER OR TAKE LONGER TO SELL.
You Might Also Like: Homestead Exemption in Georgia
Homestead Exemption is a way to reduce the amount of property tax you owe on your residential property. Homestead Exemption is offered by the State of Georgia as well as each individual county, while each state is different with regulation it is best to check yours.
Taxes will vary by subdivisions, consider all of them when buying a home. Areas that are appreciating in value will also have bigger taxes. Most areas have a certain time of year they reassess the home values to ensure local government is receiving proper revenue to continue providing services. Buying at the top of your budget will be difficult in the coming years with any increase in taxes. Your mortgage with Escrow account will need to increase if your tax bill increases.
PRO TIP: BUY A HOME LOWER THAN YOUR MAX BUDGET IF PURCHASING IN A NEIGHBORHOOD WITH INCREASING VALUES. YOUR TAX BILL AND MORTGAGE PAYMENT MAY GO UP.
Check police reports in the neighborhood you are looking at. You can find out how many times and the reason the police have been called to the neighborhood. You can search using other resources like crime maps and sex offenders.
*REALTORS are not allowed to discuss criminal activity with clients.
PRO TIP: RING OFFERS A DOWNLOADABLE APP CALLED NEIGHBORS THAT SHOWS YOU THE LOCAL INCIDENTS IN A GIVEN AREA.
Satisfaction from your neighborhood is just as great as the pleasure from your new home. The right house in the wrong area will cause you