| When looking for a home to purchase, the seemingly | | | | homeowners insurance. |
| endless details to consider can seem overwhelming, | | | | Ask Around |
| but its also important to remember to take a step | | | | Dont be afraid to contact neighbors about the area. |
| back and consider the big picture the area surrounding | | | | They can be a great source of information about the |
| a potential home. A home located in a good area is | | | | neighborhood, and checking with several residents can |
| vital for several reasons. The loan amount is usually | | | | provide a well-rounded view of the location. Consider |
| contingent upon the appraisal, and having stable | | | | asking about the quality of schools, nearby shopping, |
| property could ensure the amount needed is approved. | | | | noise level, crime or vandalism, and police response. |
| Private mortgage insurance is more readily available if | | | | Ask if they would buy in the neighborhood again. |
| the home is in a good neighborhood. More loans are | | | | Check Around |
| available if the neighborhood and home are of high | | | | Several material facts should be verified before |
| quality, and a homes resale value is greater if the | | | | purchasing a home, and a real estate agent can |
| neighborhood is good. Here are a few things to | | | | provide much of the information for you. Public records |
| consider about location when considering a home: | | | | will provide current or pending assessments for the |
| Look Around | | | | area, such as water or sewer line additions and |
| How is the traffic flow? If commuting is a concern, | | | | repairs. The police department can provide an analysis |
| make sure to visit the home during different times of | | | | of crime in the area both the type and volume. Real |
| the day to test accessibility. Are there unsightly | | | | estate agents or appraisers can give an overview of |
| concerns near the property? Try different routes to | | | | property values in the area to ensure they are stable |
| the property to make sure there are no dumpsites or | | | | for possible resale. Be sure to check the quality of the |
| overgrown lots. How loud is the area? Take a walk | | | | actual house as well, including heating and cooling units, |
| around the house to check for dog kennels, highway | | | | appliances, and foundation. |
| noise, airplane flights and other noise pollution. Is the | | | | Most mortgage appraisal guidelines specify that a |
| lighting good? A well lit neighborhood reduces crime | | | | home is in a stable neighborhood with strong property |
| and traffic accidents. What is the condition of roads, | | | | values. The top criteria for purchasing a home are |
| sidewalks, and drains? These factors could influence | | | | always location, location, and location. |