EVALUATING A NEIGHBOURHOOD
• Does it look like a place you’d like to live?
• Is it near places you’d like to go?
• Is it too near places you’d rather avoid?
• What will it look like during commuting time?
• What’s it like at night?
Quality of Schools
• What is the school performance?
• Capacity of school in relation to # of students?
• What is the household income?
• The education level?
• Family type?
Proximity to museums, galleries, universities, seasonal entertainment, theaters, etc.
Steady or increasing values generally mean a sound investment. It is almost always best to buy the smallest, least expensive home in the best neighborhood you can afford.
If you are not planning on staying in your new home for a number of years, an abundance of new construction being planned could affect your resale. Equally true, however, is the existence of higher end properties could increase the value of yours.