Do your homework on where you want to live

Buying a home is probably one of the most significant financial decisions you’ll ever make.

It’s not just about finding the perfect house. Even the most beautiful home can lose its appeal if it’s located in a neighbourhood that doesn’t meet your lifestyle needs or long-term investment goals.

Researching neighbourhoods thoroughly before committing to a purchase is crucial to ensure you find not just the right home but the right community as well.

First, figure out what matters most to you. Are you looking for a family-friendly area with schools within walking distance? Perhaps a bustling urban setting with nightlife, dining options, maybe a short walk to the beach and a nearby dog park is more to your liking? Are you searching for a quiet neighbourhood with proximity to nature or a quick escape out of town?

Consider your lifestyle, work, and personal preferences and remember to keep an eye on the future.

Safety first

Sadly, it has become increasingly important to understand the crime rates in a potential neighbourhood. There are several online resources where you can check crime statistics, such as municipal websites and local police department reports. I stumbled upon a great one called www.areavibes.com that seems to be reasonably accurate and a good way to quickly see what has been going on in particular cities and neighbourhoods.

However, statistics aren’t everything. Visiting the area at different times of the day, including evenings, can give you a better sense of safety. Speak with residents if possible, and ask questions.

Talk to residents

Speaking with locals is also the best way to get a feel for a neighbourhood. They can provide valuable insights into community dynamics and even potential concerns that might not be immediately visible.

When I bought my house, I went to the neighbour on each side to see who I would be living next to. It turned out great. First I found out the neighbours were wonderful and I was able to introduce myself right away. They were a little surprised. I guess it wasn’t the normal thing to do but I definitely recommend it.

A neighbourhood can feel very different depending on the time of day or the day of the week. A quiet residential street during the workday may turn into a noisy, crowded area in the evenings or on weekends. Visit the area at different times — early morning, mid-day and late evening — and on both weekdays and weekends to get a full picture of the its atmosphere.

Schools matter, even If you don’t have children

Researching local schools is important. Homes in top-rated school areas tend to hold their value better over time, making them a good investment. Even if schools aren’t a personal priority for you, they may be for future buyers, which can affect your home’s resale value.

There are several websites where you can research school ratings, including the Fraser Institute - School Ranking (compareschoolrankings.org).

Check the amenities

Access to local amenities such as grocery stores, parks, restaurants and health care services is also essential for everyday convenience. Are you looking for a neighbourhood with a vibrant shopping district or do you want to be close to hiking trails and green spaces?

If you have specific needs, like access to a public library or a recreation centre, ensure those facilities are nearby. Try Google maps and enter what you are looking for. It can make it very easy to narrow down what you are hoping to be close to.

Also, check the quality of roads, public transportation options, and the overall upkeep of public spaces. Look at parking. Can a friend come over and find a spot?

Pay attention to future development plans

While development can be a sign of growth, it may also increase traffic, reduce green space, or change the overall vibe of a community.

Contact the local municipality to inquire about future zoning changes or large construction projects. Researching development plans will help you understand how the neighbourhood may evolve over time, ensuring you’re not surprised by unexpected changes after moving in.

I am watching a development go up near my home and noticed it looks like the people behind are going to have some of their view obstructed. My guess is they aren’t happy about that.

Transportation options

Your daily commute is a key factor in determining how well a neighbourhood will work for you. Google Maps can be used again. It’s a great tool to calculate the distance and time it will take you to get to work, school or other frequently visited locations. Maybe take a test run, look at bus schedules and bike paths.

Finally, trust your instincts. If something feels off or too good to be true, it’s worth investigating further. A neighbourhood can look great on paper but your personal experience is what matters most.

I understand it looks like a lot of effort and time but if you are going to live there for 10, 20 or more years, it is probably worth the work.

If you have suggestions for other real estate-related articles, please email me at [email protected].

This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.