At Primary Residential Mortgage, Inc., we know the location of your home is almost as important as (if not more important than) the home itself. That’s why we’re sharing our tips for choosing a neighborhood you’ll love.
If you’re investing in a home of your own soon, use these tips to make sure you’re happy with your choice.
There is no such thing as a good or bad neighborhood, but one might be good or bad for you. Before you go house hunting, decide what matters most to you and your family.
Once you’ve decided what your priorities are, it will be easier to decide which neighborhood is a good fit.
Once you’ve picked a neighborhood to consider, visit it multiple times. If possible, spend some time there on weekdays and weekends, and visit both midday and in the evening to get a good idea of what it feels like at all hours of the day.
If you’ve got time, spend a few hours doing activities in the area—visit a museum, go grocery shopping, take your dog to a park, go on a walk with your kids, etc. This will help you get to know the area better. You may even get the chance to chat with locals and ask them about living there.
You may be fine with a long commute, or you may want to prioritize a short commute that gives you more free time. Either way, it helps to know what you’re getting into when you move to a new area.
Look up traffic patterns and remember to factor in rush hour. If you’re driving home from the office in the middle of heavy rush hour traffic, home could seem much farther away than it does on a Saturday afternoon.
If you have kids, consider their specific needs and research schools in the prospective area. Not every kid needs to be at the school with the most funding, but it’s important that the school has what your child needs to excel.
If you don’t have kids, school districts may seem less important, but remember that the quality of schools can significantly impact home values, so keep that in mind when you purchase a home.
Real estate agents are often familiar with housing prices and changes in property value. Ask them to share their insight with you. And since they regularly work to help people find homes, your real estate agent will likely have other information about the area you’re considering. They may be able to answer your questions themselves or point you toward helpful resources.
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by Primary Residential Mortgage, Inc. NMLS#: 919520 Utah DRE Mortgage Office License # 8335595. MLO 0117736. MC3094-122. All loans subject to credit and property approval. PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
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