Qualities to Look for in a Neighborhood

by Urban Specialists 06/30/2019

An excellent way to estimate the market value of a property is by taking a look at the streets, clinics, offices, nearby homes, and other facilities in the area. A good neighborhood plays a vital role in determining the worth of your home and can have great benefits for homeowners as it supports a steady rise in capital values, while a poor location stagnates the investment values of homes it. Are you looking for a good neighborhood for your real estate investment? Here are some signs that define a great area:

Accessibility 

Locations that are very accessible and close to means of public transport are preferable. The advantage of living in an easily accessible place is connectivity. Connectivity means that you can get to the airport, hospital, train station, worship places, and your workplace within the shortest possible time. This factor makes it easier to deal with the daily routines of living. It also makes the neighborhood more livable.

Bordering Neighborhood 

A good neighborhood that is surrounded by an unhealthy one will be deemed unsuitable. Therefore, it is essential you consider the areas surrounding a community before you make your decision. The best residential buildings are located around prime areas and not places that are underdeveloped with downmarket profiles.

Great Opportunities for socializing 

You should consider a location that gives you ample opportunity to get out of your home and socialize with people. Therefore, a neighborhood with coffee shops, theatre, art galleries, and parks is an excellent area for socializing.

Reduced Crime Rates

An excellent location will have a lower crime rate. That is robbery, theft, burglaries, and other vices are relatively few. The low crime rates in any neighborhood can be due to the heavy presence of security forces, better security arrangements, and the class of people living in that area. You should always go for a city with a lower crime rate for your safety and that of your family. 

Presence of Retailers

A location with lots of retailers is the right place for business. Meaning that numerous potential consumers are living in the area. So, if you can see a lot of retail stores around, it indicates that the city is thriving. Also, the availability of convenience stores makes life easier and more enjoyable for residents.

Real estate investment requires proper planning and the location where you have your property has a remarkable effect on its market value. You should take note the qualities mentioned above before choosing a suitable neighborhood for your real estate investment.

About the Author
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Urban Specialists

CITY RESOURCES The great thing about urban centers is just how much stuff you find around you. Your favorite restaurants, cultural activities and museums are within walking distance of your front door. It's convenient and adds to how much you get out of your place. For more info on New Haven, check out these links: Info New Haven Visit New Haven We are passionate about the environment. We are eager to help you to add value to your current home, save money on utilities, make your lives more energy efficient and eco-friendly, and generally live a "greener" lifestyle, all without sacrifice. For more info on green living in New Haven, visit these sites: CT DEEP Neighborhood Housing Services of New Haven USGBC's Green Home Guide We care about historic properties and their communities and wish to encourage preservation of our community's architectural and cultural history. For more info on New Haven preservation, check out these links: CT Trust for Historic Preservation New Haven Preservation Trust Historic Homes Downtown Areas Neighborhoods Green Homes Bethany Branford Guilford Hamden New Haven North Haven Orange West Haven Woodbridge Olivia C. Martson Olivia Martson is a long time resident of New Haven. She lives and works in downtown New Haven and is thoroughly familiar with the pros and cons of urban living. From 1992-1997, she served on the New Haven Board of Alderman as the elected representative for Ward 2, the downtown neighborhood immediately west of Yale University. Fore more : Biography - http://media.mlspropertyfinder.com/418613/preview.jpg