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Buyer Neighborhood Selection

Neighborhood Evaluation Tips California Property

Finding real estate involves more than just the house. Each neighborhood includes a sense of community, activities, and amenities. Many considerations may influence your decision to purchase a home. Read below for neighborhood evaluation tips California property.

Things to Consider

  • About the Schools
  • Each neighborhood falls into a school zone which may vary in ratings. It is helpful to identify which one you are in before purchasing a property. You can typically find statistics for each district online. You may also choose to call schools directly for details or to coordinate a tour.

  • Local Information
  • Real estate is most importantly about location, location, location. Review the home values in the region as it may vary from others and from the overall town. Average sales price, sales volume, and average marketing time can tell you how desirable a neighborhood is and how well real estate there move. A local real estate broker can provide you with this data. Look at not only data for the existing year but also for past years.

  • Neighborhood Features
  • Take the time to tour a neighborhood. Note the local amenities such as parks and shops. Visit at various times of day to review traffic changes. Review the characteristics of local homes. Research crime rates on the Internet and by visiting the police department. Speak to neighbors as they generally offer information not available from public sources. All of this can help you get a better understanding of the area before making an investment in a house.

  • Rules & Restrictions
  • Pull the deed and other records for a home and understand any covenants, rules, and charges. If you have certain changes for the property, look for guidelines specific to those plans. If in a community with non-public roads or shared amenities, inquire about annual fees and how likely they could change.

  • Future Changes that May Change a Neighborhood
  • Find information on the town and the specific neighborhood on the Internet. This will reveal any recent news or records publicly available. Look for any contested changes or other events that can affect the quality of living. Neighbors can also be a great resource for this type of information.

More Neighborhood Evaluation Tips California Property

Purchasing a home is a major investment. Considering the items above will ensure that you are well educated about that investment. Connect with a local real estate agent for advice on certain neighborhoods and for further neighborhood evaluation tips California property. Using the services of a real estate agent can also make real estate buying less cumbersome. This blog was compiled by Almila Gozen at Sotheby`s International Realty®.