Welcome to our Mortgage Minute series, where our partners over at Midwest Lending break down the particulars of home financing, and bring a personal touch to the lending industry, as only they can.
You’ve found the perfect home, and are looking to settle in what looks like the quaintest community this side of Mayberry. Your future neighbors wave as you pull in the driveway. The house is mere blocks from a great school that the kids can walk to. And the property taxes! So low you can afford to take an extra weekend vacation this year!
Thus represents the average amount of research that most new homeowners put into their potential new ‘hood. You think about the kids, you think about your wallet. But there is so much more to your community than good schools and friendly neighbors. The area you live in needs to be as perfect a fit for your family as the four walls that surround them while they sleep at night. After all, your home more than just the property you live in; it’s a collection of the people and the personalities that make up your entire neck of the woods.
So what else should you be looking at? How do you find the facts you need to settle on the right area for you and your family? Think of it like playing a game of Monopoly: you’ve chosen the Thimble piece, got your cash in order, and picked up the dice. It’s time to take a look at the rest of the board. And you can do it without leaving the comfort of your own home.
Go Directly to Jail, Do Not Pass Go: No matter how nice a given area looks, crime can be lurking just around the corner. A fairly quick search on sites like crimereports.com or spotcrime.com can give you all you need to know about violent crime statistics in the area, and offer access to police blotter aggregators. Heck, a “Google Street View” sneak peek can give you a quick glance at the feel of the block. But if you really want to feel safe about your future neighborhood, reach out to the local police department and ask them for a crime report — they’ll be happy to oblige.
Pennsylvania Railroad: The kids might have a short walk to school, but did you think about your work commute? What about your proximity to the freeway, or your nearest hospital? Quiet, peaceful neighborhoods tend to be located in slightly more isolated areas, which often reduces the amount of public transportation options. Make sure that you have ease of access to all of the activities that make up your life, from your office to Home Depot. A little time spent on sites like walkscore.com could go a long way towards making every day life accessible to you and your family.
Community Chest: Last but not least, what about the culture that makes up your new ‘burb? Does the neighborhood value diversity and take pride in its local businesses? Are you going to be overrun by baby strollers, or kept up at night by singles looking to party till dawn? Research income, racial diversity, age, and relationship status stats on sites like city-data.com. Your lifestyle is an important part of the place you call home; make sure that you and your family FEEL like a part of the community.
Of course, your d’aprile properties local area expert can help you find the perfect place to settle. But by taking the time to do a little homework upfront, you’ll know ahead of time exactly what you’re looking for in a community.
It’ll be better than winning 2nd Prize in a Beauty Contest…