Moving to new neighborhoods could be an overwhelming decision. It’s always best to do your research before taking a decision and making the move. While it’s always a good idea to locate real estate agents in that locality to give you a clear picture of what you are getting into, you could do some research yourself and understand the pros and cons of moving to these new places.
So, before you buy, consider the following points:
Discovering problems and plus points
Neighborhoods are never problematic; its individual preferences that create conflicts of choices and make them seem like uncomfortable or displeasing to live in. So the topmost priority is the buyer’s choice and comfort level with the neighborhood. Some buyers are looking for home maintenance and surrounding areas that are well maintained for their family to move into. It gives you a sense of pride when you drive around your neighborhood and find it well maintained and clean! Also good points to consider are, whether the neighborhood has parks nearby or businesses nearby or some other things that make you either comfortable or uncomfortable. This could greatly influence your buying decision.
Assessing upcoming neighbors
Look for real estate which still has not crossed the ‘affordable’ mark and yet has a growing community. Your best bet for getting such information is the local agent because they are around the neighborhood more often and know all the projects in and out.
Do your homework
Each family has different needs. So, even if you have consulted a real estate agent, you need to do some research on your own. Talk to a few neighbors. Read up on the internet and find out all that you can about the locality that you are considering buying a home in. Only you will be able to tell whether you get a good ‘feeling’ about the neighborhood or not. Other important factors that you should be looking for are the upcoming developments in that area. This greatly impacts the prices of homes there. Other than prices, it also impacts the quality of life in that locality. For example are there any transit routes planned? Or is there an upcoming business center planned within a short distance of the locality or any other such issues?
Talk to actual neighbors
One important source of information are the actual neighbors living in that locality. They can tell you how long they have been living there or how long they plant o live and why. Also, if there are any neighbors leaving, you will know why. It’s a good idea to take opinions from at least 2-3 neighbors before you finalize your plan.
In the end, however, do not let other’s opinions overshadow your preferences. Make sure that you match your requirements with the offerings of the neighborhood. There will always be differences of opinions so understand how you really feel about the place and then gather facts and finally take the big decision of buying that property!
As for investing or moving up, it is best to consult a Vancouver Real Estate agent before you make the move and decide.