right neighborhood

How To Choose A Neighborhood As A First Time Homebuyer

Purchasing your first home can be very exciting and scary all at the same time.  You need to be prepared to receive advice from everyone and about everything involved when buying a home.  One of the major topics is going to be the location that you are buying.  It is important to remember that the geographic location is definitely important but the amenities that are located around the house are what help to make it a home.  You need to find a neighborhood in the location that you want with the amenities that you are also looking for.  This can also be just as important as your budget.  To learn more about how to choose a neighborhood to buy your first house in keep reading.

Affordability

One of the major factors when looking to buy a house is the price of the home in the location that it is located in.  The location of the home heavily influences the price of the home.  You definitely do not want to shop in neighborhoods that you cannot afford.  The best way to figure out where to start looking is to get a mortgage pre approval by a bank or a mortgage lender.  This will give you a good idea of how much you can afford to spend.  Once you know this you can start mapping out locations.

Type Of Neighborhood

You will also need to figure out what kind of neighborhood you want to live in.  Do you want to live in an urban, suburban or rural area?  Some people like to live in areas that are crowded and you can walk everywhere.  Others might prefer something a little quieter and located in the suburban developments.  Of course when in the suburban areas you might have a short drive to stores and entertainment.  If you are the type of person who likes it quiet with no neighbors you might want to consider looking in the rural areas.

School District

If you have children or are planning on having children you might be concerned about what school district they will be going to.  To find the best school districts in that area you are looking to buy in you can search on the Internet for the school ratings and you can also check with the city or county for additional information.

What Is Next Door

When you are looking at purchasing a home you should always consider what is next door to the property you are considering buying.  Are there single-family homes or apartment buildings?  If there is not anything at the moment what will possibly be there in the future?  You should also check to see if there were any chemical plants in the area.  You can do this by driving around and looking or checking the National Hazard Reports to see what is currently there or has been there.  One last thing you should understand is the zoning laws on the property.  You should be aware of what can happen with the properties around you that may or may not be okay with you.

Holdability

Another important thing to consider when picking a location is whether or not you will own the property for a long time.  If you are not sure that this is someplace that you will be happy living for a long period of time you might want to consider passing on buying the property for a while.

As you can see purchasing a home in the neighborhood you want can be confusing as well as time consuming.  You should take your time and do plenty of research before signing on the dotted line.

Image via Flickr by Chris Dlugosz

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