Neighborhoods are the lingua franca of real estate agents and consumers — a classification system that condenses a wealth of information about home prices, property types, demographics, proximity to schools and other amenities into a single, easy to remember term.
To those who are already familiar with it, a neighborhood name conjures up more than just statistics — it’s an image of a place and the people who live there.
For homebuyers relocating to a new city, neighborhoods are a way of breaking down what might otherwise be an overwhelming set of choices into more manageable subsets.
Describe your dream home to a friend or a real estate agent who knows the city you want to live in, and chances are they will be able to rattle off the names of the neighborhoods you’d be most interested in.
When searching for a home you’ll want to narrow your search by identifying neighborhoods that are right for you, this helps keep your search focused and efficient. Our team can offer neighborhood information to guide you in your search, just tell us what you’re looking for in a neighborhood and we’ll offer suggestions matching your criteria.
Neighborhoods have personalities, so tell us about yours (and that of your family) and we’ll attempt to match you up with the neighborhood that’s right for you.
When evaluating a neighborhood you should investigate local conditions. Depending on your own particular needs and tastes, some of the following factors may be more important considerations than others:
Quality of Schools
Families with children often pick a school district before they choose a house, as such demand for homes in quality districts is greater which typically results in higher rates of appreciation.
Location
How long will it take you to get to work? How easy is it to get to the interstate? Proximity to schools, parks, hospitals, shops, airports, theaters, stadiums and cultural centers such as museums.
Property Values
It’s a good idea to research recent rates of appreciation in the neighborhood and how much houses have increased in value over the past 10 years.
Well Maintained Properties
Look for neighborhoods with homes and common areas that are well maintained. This includes yards that are well kept and homes that are in good repair. These types of communities are likely to be in greater demand and see higher than average rates of appreciation.
Future Development
Look for new construction in the neighborhood, area growth can raise property values however, on the flip side of the coin it can also raise taxes and traffic congestion.
Click here for information on How to Choose a Home.
Click here for information on Columbus Neighborhoods and Communities
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