THINGS TO CONSIDER WHEN CHOOSING YOUR NEW NEIGHBORHOOD

Dated: June 30 2023

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Here are the top 10 things to consider about a neighborhood when purchasing a home:

1. Location: Look for a neighborhood that suits your lifestyle and meets your needs. Consider proximity to workplaces, hospitals, schools, shopping centers, transportation options, and other amenities you value.

2. Safety: Safety should be a top priority. Research crime rates in the area by checking with local law enforcement agencies.

3. Schools: If you have children or plan to start a family, research the quality of schools in the neighborhood. Look at test scores, graduation rates, extracurricular activities, and other factors that may affect your child's education.

4. Property values: Investigate the recent trends in property values in the neighborhood. Strong property values indicate a desirable area, which can be beneficial for resale value and long-term investment.

5. Future development: Consider the potential for future development in the neighborhood. New businesses, hospitals, infrastructure improvements and community projects can enhance property values and quality of life.

6. Noise levels: Assess the noise levels in the neighborhood, particularly if you prefer a quiet environment. Visit at different times of the day to get a sense of traffic, nearby businesses, or other potential noise sources.

7. Amenities and services: Evaluate the availability of amenities and services that are important to you such as parks, recreational facilities, healthcare facilities, grocery stores, restaurants, and cultural institutions.

8. Community and neighbors: Research the sense of community in the neighborhood. If this is important to you, look for signs of neighborhood pride, community events, and a friendly atmosphere. Consider talking to current residents to get their perspective.

9. Transportation and commute: Assess the transportation options and commute times to your workplace or other frequently visited areas. Consider access to highways, public transportation, bike lanes, and walkability if these factors are important to you.

10. Long-term plans: Think about your long-term plans and whether the neighborhood aligns with them. Consider your future needs, such as the size of the neighborhood, available housing options, and any anticipated changes to your lifestyle.

Remember, these considerations can vary based on your personal preferences and circumstances. It's important to work closely with a knowledgeable REALTOR® who can guide you through the home-buying process and help you find a neighborhood that suits your needs and goals.

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Susie Stewart

Welcome! I'm Susie - Your Lexington & Central Kentucky REALTORĀ®. I work with Buyers, Sellers, Builders & Investors to achieve their Real Estate goals. My job is to consult, educate & negotiate. As ....

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