7 Things to Consider When Choosing a Neighborhood to Live In

Whether you are looking to buy or rent, choosing the neighborhood that works for you would be one of the first things to do. There are quite a few factors to consider beside geographic location and we will look into 7 that in my opinion would influence the quality of your life the most

Choosing the right neighborhood

1. Property Values
Choosing the right neighborhood - Property Values

This one is the first one to consider and compared to others is pretty straight forward – which neighborhood could you afford to live in. Many neighborhoods in Toronto, Mississauga and GTA have a good mix of homes to satisfy a price range from 300K and up. It would all depend on a type of home you are after.

2. Commute

You  and your family would need to get to work, schools, sports and activities, so the proximity to highways, direction of the traffic in rush hours, availability of public transit would be extremely important. Who would want to get a dream house and then spend hours in traffic trying to get home?
Driving to and from the neighborhood on different days and at different times shall give you a pretty good idea.3. Proximity to necessities

What would your family need to enjoy the life to the fullest? Parks, entertainment, shopping, hospitals, schools, churches, community centers just to name a few
4. Safety and Crime Rates

Even though crime rates statistics is available from numerous sources, checking the situation yourself would be best. Cruise the neighborhood at different times and look for some tell-tale signs: kids playing, elderly going for a walk, well maintained homes and gardens, women walking alone at night time.

5. Quality of schools

Choosing the right neighborhood - Schools

For families with children this might be a Number 1 priority, but even if you don’t have and not planning on having children in the nearest future, do not disregard this factor. Homes located close to the good quality schools are always in high demand and tend to appreciate more. At the end of the day, buying a home is not just obtaining a piece of property to live in, it is also your largest investment – so check on schools, make your investment work for you.

6. Neighborhood potential

Choosing the right neighborhood - Potential

We all have heard about neighborhood cycles – stable, declining, growing. Here you would to consider the length of your investment. Buying a home in a declining neighborhood might be a good idea for a long period of time, while obtaining a property in a growing neighborhood would justify itself much sooner.

7. Sights, sounds and smells

Choosing the right neighborhood - using all senses
Yes, you would have to use all your senses to make sure the neighborhood that you might soon call “Home”, feels right. When we moved to our first rental in Toronto, next day we discovered an extremely stinky and disgusting KFC three doors down the street – the smell was just enough to make me feel sick for days and days…  Next door to the left we had a motorbike store – lovely sounds all day long, and next door to the right – dry-cleaners – grey fuzz was flying around and getting into every nook and cranny, cleaning was just simply hopeless. Wish someone wrote this list for me 12 years ago…
So, check out all the smells, sounds and sights that could possibly bother you in a future. To re-word an old kiddy song – if it looks like a home, if it smells like a home, if it sounds like a home – it;s a HOME!

More for your lovely garden:

How Plants Are Having Sex in Your Garden
How to build Wild Life Pond

More on Home Value

Realtor.CA – Did You Know?
Home Appraisal – Why is it Important to Know Your Home Market Value
Real Estate Bubble, and how Buyers Make It Happen

More Tips for Home Buyer

5 Tips for Pleasant Home Shopping Experience
Offer Presentation In Person
Pros and Cons of Buying With Listing Agent
Grow House Anyone? Help yourself – there is plenty around!
12 Steps To Buy Your First Home
Types of Homes – Learning Real Estate Terms
First Time Home Buyers – Wonderful Video For You by CMHC
Discount Real Estate Brokers – Illusion and Reality or Free Cheese, Get now – Pay later
Moving Checklist –  based on the list from Martha Stewart
Some More Mortgage Terms and Rates
Mortgage Basics
Your Home and Maslow’s Hierarchy of Needs
10 Reasons Why You Need a Realtor to Buy a House

More Tips for the Home Seller:

Mr. and Mrs. Home Seller, please, Leave the Premises!!!!
Home Seller Tips – Take Lots of Photographs of Your Garden
Closing Your Pool for the Winter – Homeowner Tips
National Do-Not-Call-List – Do You Really Know What this is?
Video Tours, Virtual Tours or a Combination of both
Making Your House Buyer Friendly – 10 Seller’s Best Friends
Please, Don’t Let the Cat Out – you gotta be kidding me!
Handymen Gone Handless or possibly brainfree!
Moving Checklist
Discount Real Estate Brokers – Illusion and Reality or Free Cheese, Get now – Pay later

Compliments of Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty – delivering Wealth of Real Estate!

MarinaG.ca

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