The mantra "location, location location" isn't for nothing because having a great home means more than what's between its walls. It's about what surrounds you, too. However, choosing the perfect neighborhood can be a big challenge, especially if you're new to town. Luckily, we've outlined some tips that can help you find the location that's right for you.
1. Decide what you're looking for
It helps narrow your search if you know what qualities you're looking for in a neighborhood. Start your process by making a list that prioritizes your needs over your dreams. For instance, if you have children or are looking to start a family, your needs will probably include a good school system. Your "must-haves" also include the type of home you're looking for and its proximity to work. While they shouldn't receive the same priority as your needs, you should heavily consider your wants too, such as whether or not you'd like to live in a historic neighborhood or if it's near bars and restaurants.
2. Factor these qualities into your cost
A lot of the positive qualities you're looking for in a neighborhood typically influence the value of a home, such as good school systems. Transportation is another expense to consider. For neighborhoods in or near a city, prime real estate tends to locate near public transit and that is often reflected in the cost. For these kinds of price influences, you need to decide which quality you value more. If you don't have a car, living close to public transit is obviously more important than having a bigger house. Or if you have school-age children, the same goes for living in a neighborhood served by a better school system.
3. Compare and contrast
By now, your search has probably yielded a few options for you to peruse. To compare these options, it's best to visit them at different times of day and days of the week so you get a good understanding of what it's like to live there and time your commute to work, too. If you can, you should talk to other residents about the community. This step requires a bit of legwork, but it's a great way to clarify your decision and add some personal experience to weigh in.
For more real estate tips in Indianapolis, contact Newkirk Realty today!