Know the Neighborhood

Know the Neighborhood

Learn as much as you can about a neighborhood's immediate future and long-range plans. You can print this checklist for quick reference and take notes when you talk to neighbors, local business owners, school officials and government agencies (such as zoning boards or planning commissions).

• Is there major new infrastructure scheduled for the area?
  This could be anything from building a new mass-transit station to widening the area's major roadway. Major construction projects like these are usually part of a long-range city, town or county plan. Construction can be disruptive and may even have a negative effect on the neighborhood or property values. The finished project may also improve the quality of life in the neighborhood. Find out all you can before you decide to buy.
  Your Notes:

• Are developers interested in the neighborhood?
  If so, find out what kind of projects they've planned and where. Empty lots are sure targets for new development in desirable areas.
  Your Notes:

• How healthy are local businesses?
  A healthy neighborhood business district lends stability and community to a neighborhood, and can improve the quality of life by reducing the need to drive elsewhere for goods and services.
  Your Notes:

• Are there any plans to expand or improve local schools?
  If you question the quality of the schools, find out if there are solid plans for improvement.
  Your Notes:

• Do most children in the neighborhood attend local schools?
  If not, ask neighbors why. It could indicate a serious problem with the schools.
  Your Notes:

• What is the percentage of renters to owners in the neighborhood?
  In general, the more owners there are in a neighborhood, the more stable the area. In a large city neighborhood or in areas with a shortage of affordable housing, this may be less relevant.
  Your Notes:

• Are there any organized neighborhood groups or activities?
  This could be anything from a crime-watch committee to an annual block party. Organized efforts usually indicate neighborhood cohesiveness, which is an asset in most cases.
  Your Notes:

Your notes: