Hold on; know this before you and your family move

 

houses

Before you and your family move to a new suburb, its best to first do research about the area. It may seem like a quiet neighbourhood, but could it be too quiet –more like isolated. We all want to ensure the safety of our family even if means we have to give out a little more on your deposit or taking a bit longer to pay off your bond. If you are sceptical about forking out a bit too much, then you can use bond repayment calculator to determine how long it will be for you to pay off the house. As long as you can say with certainty you and your family will be located in a good area.

Review area crime statistics

The best way to find out comprehensive information about the area crime statistics is to call the local police department.  The police department should have information about specific neighbourhoods, facts regarding crime prevention, community policing, and more. They will be more than helpful to help you with your quest.

The internet is a good resource for finding information on crime. Type the name of the town or city into your web browser, searching for “crime statistics by neighbourhood.” It will be something like the, “Gauteng crime statistics by neighbourhood.”

Property taxes

Property tax rates vary from area to area. Tax information and rates are available to the public by calling the municipality or accessing their website, this information should be able to be obtained. Also keep in mind, a great real estate agent should be able to find out what the current tax rates are.

Will there be any future development?

Find out what the future development plans are for the neighbourhood. Whether the plan is to stay in a home for 5 years or 20 years, the future development of a neighbourhood is important because it can impact the future sale of your property.  Any kind of development in the area can have a positive or negative impact, which will in turn have a lasting impression on your family. Between the local municipality and real estate agent, information regarding future development should be readily available.

Take a look for yourself

Drive or walk around the neighbourhood to take a closer look of what the area is like. Do this at different times of the day. Take this time to check out the neighbouring homes.  Do they appear to be well kept, are there even people walking around in the area at all?   Sometimes the best way to determine whether a neighbourhood is right or not is to see it with your own eyes. You can also ask a neighbour for their opinion on the area.

Choosing a neighbourhood when buying a home is very important and there are many things to consider.  So think wisely before you sign off on those papers and do thorough research.