realtylink: INPRINT ARTICLE

When buying a home it’s important to remember that the location of your home is often more important than the property itself in establishing long-term value. In fact, most REALTORS® agree that the first step in house-hunting should be narrowing your search to a specific neighbourhood.

Start your search by assessing your current lifestyle and your future plans. Ask yourself some simple questions: Will you require close proximity schools or public transit? Do you value living near a park or community centre for leisure activities? What’s the maximum daily commute you’re willing to make to work or to your customers? Is there a possibility that you will be changing jobs in the near future? Think about the family and friends you like to see on a regular basis – what do you consider a comfortable travelling distance?

After you have determined your requirements, your REALTOR® can quickly source information about potential neighbourhoods, pricing trends and community information. Your REALTOR® can refine your search by discerning the wealth of information provided in RealtyLink, and complementing it with his or her own inside knowledge of the neighbourhood.

Once you’ve established some possible locations, spend time “doing your homework” and thoroughly research each neighbourhood. Often the best way to learn about a neighbourhood is by talking to local residents and merchants. Go for a walk in the local park. Have coffee in a couple of the cafés or try out one or two restaurants. Collect a few issues of the community newspaper to get an idea of community activities, issues and concerns. These steps will give you a better sense of the people and lifestyle in the neighbourhood.

With your Realtor’s assistance, your own research efforts, and by listening to your instincts, you’re sure to end up in a neighbourhood that’s right for you. Happy house- hunting!

Doing your homework: things to investigate when choosing a neighbourhood.

Zoning and community planning. Find out what public plans are in store for your neighbourhood – perhaps there are some new community developments, infrastructure or zoning changes. Obtain a copy of the community or neighbourhood plan and get information on zoning by-laws from the local city hall.

Safety & noise. Visit the community at different times of the day and night to determine safety and noise levels in the area – will you feel comfortable walking at night? Will the noise keep you awake? Check with the local police department for statistics on break-ins and other crimes.

Schools. Drop by the local schools and ask about class sizes, programs, activities and parental involvement. If schools are crowded, find out if there are plans for expansion. Even if you don’t have children, the quality of the local schools affects the value of your home.

Commuting distance. Try out the daily commute you’ll have to make during peaks time – both to and from work. Find out if there are alternate routes.

Resale potential. Your REALTOR® can provide you with information about recent resale volume and pricing trends in the area. Your REALTOR® will also protect your best interests by informing you of any special issues or considerations that may affect your resale value.

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