P&K How To: How To Choose a Subdivision
By Leah Kackley
In the world of real estate, the mantra of “Location, Location, Location” is still important in the buying process. In essence, properties of equal value can increase or decrease in value based solely on where they are located. When looking for a new place to call home, however, picking a subdivision has deeper consequences than just home value. Of course, your Realtor can give you good background on the stability of the home values in a certain neighborhood. After that, here are some other things to consider when picking a new community for your family.
First, get real about your needs. If you have kids, living in a neighborhood with lots of kids might matter on a variety of levels. An active HOA to provide plenty of activities during the year might be important. Perhaps you need space around you because you have outdoor loving people under your roof. Look for outlying areas where acreage will be available. Are you expecting to have to move soon? Make sure you’re buying in an area where homes sell reliably.
Of course, school districts matter to most people, including those who don’t have kids. It’s always true that the health of the local public school largely affects the health of property values. (Support your schools!) But there are other random things to look for that might matter to you, like sidewalks, public green spaces, active neighborhood watches, or proximity to current friends or family.
The perfect house in a misfitting neighborhood won’t stay perfect for very long. True, no subdivision will be perfect. But if you drive into it to looking at it as a potential new neighborhood and find yourself feeling happy and peaceful, then you may have found your perfect ‘hood.