If you’re shopping around for a home, you know that in order to find the perfect house, you also have to find the perfect neighborhood — no small feat, especially if you’re moving to an entirely new area and don’t entirely understand the subtle nuances that can distinguish one neighborhood from the next.
But how can you decide which neighborhood is right for you? Are there markers that can help you recognize your ideal neighborhood? Here are 6 things to look for in a new neighborhood.
Rising home prices
One of the best indicators of a great neighborhood is home prices that are on the rise. But with home prices rising all over the United States, how can you tell what you should be looking for? Take a look at the median home price for the US and then, using this number as a benchmark for growth, look for a place where home values are increasing at a faster rate than the national average.
Great schools
Even if you don’t have kids, pay attention to the schools in the neighborhood, since schools can significantly impact a home’s resale value. In fact, more than 90 percent of prospective homebuyers reported that schools were an important factor in their home search.
You can search for school ratings online, but keep in mind that data for these sites is often fairly limited. To get a better idea of a school district, take a look at everything from graduation rates to college acceptance, SAT scores, and AP enrollment.
Activities and amenities
Whether you’re a young professional or a growing family with children, local amenities are always going to be important to where you live. Make sure that the neighborhood has everything you’re looking for and that suits your lifestyle.
For example, families with children may be interested in having parks or libraries nearby. A young professional with a dog may be looking for close proximity to a dog park.