Making the decision to move into a new neighbourhood can simultaneously be an exciting and overwhelming experience, especially if you are preparing to start a family or you already have children that you also need to consider for the move. After all, it's important that you ensure that this new area you're going to be living in fits your housing needs and your and your family's lifestyle.
To help ensure that you're making a sound decision and one that will truly make this move optimal, we've outlined the top 4 things that one should consider when moving into a new neighbourhood.
Cost of Housing
A neighbourhood may fit your lifestyle needs and check all the boxes; however, if the cost of housing is too expensive or doesn't fit within your budget, then the area is not an ideal fit. This is why we recommend determining your budget and looking into the cost of housing in areas right from the beginning. With this process, you will be able to narrow down what is feasible, helping to expedite the home-buying process.
We recommend that you carry out this process with the help of a real estate agent. Not only will they help you determine which areas are within your budget quickly and easily, but they may also know of up-and-coming neighbourhoods that fit your needs and are within budget.
Cost of Living
Next, it is essential that you do your research on the cost of living within the desired neighbourhoods. What are the gas prices like? What grocery stores are available, and how do their prices compare?
When determining neighbourhoods and their fit for you and your family, you'll want to think long-term. This will help ensure your move is successful and beneficial for years to come. So, during your research, be sure to take some time and navigate through the area, determining the cost of living now, if it's feasible, and what the price will look like over the next few years.
Safety and Crime Rate
Safety and crime rates are important considerations when selecting neighbourhoods to buy in, especially if you're considering starting a family or have little ones with you. We recommend doing your research to learn if the area is safe and spend some time walking around and speaking to some local neighbours to get a good feel.
This will help you determine the safety level and if you and your family would feel comfortable residing here. Can you picture your kids walking to school safely? Do you feel comfortable heading out at night? These are all worthwhile questions to ask yourself before making the decision.
While this research will help you get a good sense, a real estate agent can provide top tips and accurate information, letting you know just how safe the neighbourhood you're looking into is.
There are many local amenities that you and your family rely on, on a day-to-day basis. These could be grocery stores, coffee shops, gas stations, parks, or convenience stores. When determining the area you'd like to live in, it's best to consider which local amenities are important to you and how close you'd like them to be.
If you don't have a car, it may be essential that public transportation is close by and that your amenities are within walking distance. If you do have a car, then you'll want to consider how far you'd like to drive to get to your grocery stores, restaurants, or the highway. Once you've determined your needs, you can see which neighbourhoods will be a proper fit.
There are a few other factors that you'll want to consider when selecting a new neighbourhood to move into. These factors may include local schools and their proximity to your home, if there are recreational facilities nearby and the number of parks within the area. However, by understanding the above 4 considerations, you'll be left with a great starting point as to which neighbourhood is right for you.
A real estate agent will help expedite this process, determining neighbourhoods that check all of your boxes. If you're looking to start your home-buying process but don't know where to start, we can help. Feel free to contact us today for a no-obligation consultation, and let's get started finding your dream home.