Choosing your neighborhood is an important step when you are buying your new home. Are you looking for a new home, but you don’t know which neighborhood or suburb to choose? We understand you. It’s not an easy choice: there are plenty of details you need to consider. When you are about to start working towards buying your new home, one of the first questions you should ask yourself is: where do I want to live? Seemingly simple, it is an important question and much more complex than it appears.
Beyond the choice of the district, it is necessary to take into account a multitude of factors in order to decide on an ideal environment where it will be good to live for many years. To help you make the best decision possible, here are some tips on things that can guide your choice of neighborhood.
Neighbourhood Factors to Consider when Buying Your New Home
Establish your needs
The first thing that comes to mind when choosing a neighborhood will probably be the atmosphere and appearance of the houses. Obviously, the neighborhood where we shop must be one we like, but it must also meet other criteria, for example the quality of its schools, if you have children or plan to have them; proximity to your work, family and friends; accessibility by public transport or highways and enough local services (grocery store, pharmacy, boutiques, hospital, sports center, parks, dog parks, etc.) to meet your needs. Essentially, you must consider your daily trips.
Your daily trips
Choosing a neighborhood where you are close to work is always a good advantage. By walking, cycling or using public transport to the office, you can save big and even do your part for the environment. Less gas, maybe one less car, and less time on the road: a quality of life for you and yours! It’s even better if everything else is around too.
Of course, if you are in a relationship, your workplaces may be in different neighborhoods, some distance from each other. In this case, study all the possibilities. Perhaps a neighborhood between these two places would allow you two to take public transport. Do you prefer a neighborhood where one of you is very close to work even if the other is further away? It’s up to you to see and find the solution that suits you.
The services offered
Another element that affects your neighbourhood choice when buying your new home is the services offered in your neighborhood. Can you do your shopping on foot? Is there a supermarket, bulk grocery store, butcher, fishmonger or other local shops in the neighborhood? Do you also have a school, daycare, parks, medical clinic, dentist, etc., within a reasonable distance? Having these different types of services near you brings you a quality of life that should not be neglected, for you and all your family, present or future.
Also check the services offered by the city or area and how they work: parking, parks, garbage collection, upcoming constructions, zoning, regulations and permits, swimming pool, community gardens, regulations on pets, etc. It can save you a lot of headaches and disappointments.
The desired environment
You should also consider your desires regarding the environment in which you are going to live: more urban, more countryside or a mixture of the two? Also think about the type of neighborhood: if you don’t like being woken up at night, avoid proximity to nightclubs and restaurants, for example, and opt for a quiet neighborhood. Do you like being surrounded by greenery and want to be able to walk or jog in nature near your home? See if the neighborhood has lots of trees, parks, or trails for you to run or walk for fun.
A good way to see if the neighborhood appeals to you is to stroll around it to discover it and feel it, before making a promise to purchase. If possible, try to visit the neighborhood or municipality where you want to settle, several times and under different conditions, if you are not very familiar with the place. Go there on weekdays, weekend evenings and at various times to see the atmosphere, noise levels and traffic conditions, for example. Also ask questions of people who live there (salesperson, neighbors, friends, etc.).
Talk to those around you
No one will be able to give you better advice than someone who lives in the neighborhood or town where you are thinking of buying your new home. Seeking advice from those around you can give you a realistic picture – good and bad – of the location you want. Is it very noisy at night, very windy, poorly lit, and poorly served by the bus service? Is it a healthy and pleasant living environment? Does it have a great community spirit and great activities for children? A resident will be able to tell you.
Your projects and the future of the neighborhood
Buying a property is a long term investment. It is therefore important for you to think about the future before choosing a neighborhood. Think about your plans for the future when buying your new home. Do you want children? How long do you want to stay in this neighborhood, in the house particularly? Are you thinking of changing jobs? Here are some examples of things to consider in your decision. Also study the future of the neighborhood. Are there any upcoming developments? Will your property increase in value? What could possibly change in the life of the neighborhood and yours?
Your Financial Means and your Mortgage
Your financial means are of course another very important element to take into account. Because, yes, the neighborhood influences the price of your house, so the mortgage you are going to apply for. Calculate! And not just your mortgage, but all the costs that may come with choosing your neighborhood:
– Public transport, gasoline, vehicle maintenance
– Internet, telephone, electricity, etc.
– Home insurance
– Purchase of a second vehicle, if necessary
– Maintenance of the house and the grounds, and lots more.
This will give you an idea of the money needed per year and per month to live in the neighborhood and property of your dreams.
Of course, it’s not always easy to find the perfect neighborhood that meets all of your needs and those of your partner or family. You are probably going to have to make certain choices and compromise on certain points. Think carefully about these, weigh the pros and cons before making a decision. Do the math. It can help you see it all in a new way.
A bonus tip for you when buying your new home is to talk to an expert. Before deciding on a particular location, ask your broker or SDG Real Estate consultants for advice. Our expert consultants can give you a ton of additional information about the neighborhood in question, from household income statistics to crime rates and property values. You will thus have all the tools to make an informed choice! Contact us today for all the information you need regarding buying your new home.