How to Choose a Good Neighborhood for your New Home

A kid walking his dog down a safe street.

When looking to buy a new home, most prospective buyers focus so much on the house that they overlook the neighborhood. However, choosing a good neighborhood is just as important as choosing the house, because in addition to buying the home, you will actually be investing in the neighborhood. Here is what to know when choosing a good neighborhood for your home:

Housing Prices

One of the factors that most prospects should consider is price. However, it’s also important to find out if property values have been increasing over the years. Factors that can increase house prices include an influx of jobs and new home construction. Lastly, buyers should look at the sales and property tax rates in the area.

Crime Rates

For many homebuyers, safety is a top-priority consideration when choosing a neighborhood. A neighborhood with low crime rates is usually safe, but it can also contribute to increased property values in the future. A good rule of thumb is that pricier neighborhoods tend to have less property crime, but that’s not always the case. You may also want to drive around the area at different times to find out about traffic and noise.

School Quality

Buying a home in a neighborhood with quality schools can be a smart investment, even if you don’t have children. Such a neighborhood can be attractive to future buyers who have children, a factor that may affect the resale value of the homes. Buyers with kids should consider whether the local schools are well-kept and how their child will get to school.

Commuting Time

Another factor to keep in mind when choosing a neighborhood for a new home is the commuting time. Prospective homeowners should determine how much time it will take them to get to work and whether they will be going with or against traffic. Try out the route when traffic is at its heaviest to find out if it’s easy to navigate.

Lifestyle

Certain amenities such as shopping centers, restaurants, parks, and hospitals make a neighborhood a great place to live in. The ability to walk to or have easy access to these amenities will help to determine the quality of life you can expect.

Pride of Ownership

A neighborhood where residents care about their homes and community can make for a great place to live. Buyers can take time to find out if the neighborhood belongs to a homeowners association before buying a new home.

Choosing the right neighborhood and home does not have to be difficult. Grand Homes, one of the leading Dallas new home builders, uses innovative architectural designs to build quality homes in different communities in the Dallas-Fort Worth metroplex. With more than 30 years of experience in creating classic homes, you can be sure of finding a neighborhood and home that fit your lifestyle. Contact us today to find out more about our available homes for sale and floor plans.