Lori Palermo is a very experienced Realtor® in Springfield and I consider her a friend, not just a business acquaintance. She is extremely knowledgeable in Real Estate and very, very, very conscientious in her dealing with her clients. She has recently started her own blog posting with the same group that has set me up on the internet and has her first blog posts up and is causing a stir with her knowledge and expertise. This is one of her first posts which tells you how to find that perfect neighborhood. Thanks for the information Lori and keep up the good work.

Posted by Lori Palermo

Oregon Real Estate Queen

Jan 26, 2009

Tips for Finding the Perfect Neighborhood

The neighborhood you choose can have a big impact on your lifestyle—safety, available amenities, and convenience all play their part.

1. Make a list of the activities—movies, health club, church—you engage in regularly and stores you visit frequently. See how far you would have to travel from each neighborhood you’re considering to engaging in your most common activities.
2. Check out the school district. The Department of Education in your town can probably provide information on test scores, class size, percentage of students who attend college, and special enrichment programs. If you have school-age children, also consider paying a visit to schools in the neighborhoods you’re considering. Even if you don’t have children, a house in a good school district will be easier to sell in the future.
3. Find out if the neighborhood is safe. Ask the police department for neighborhood crime statistics. Consider not only the number of crimes but also the type—burglaries, armed robberies—and the trend of increasing or decreasing crime. Also, is crime centered in only one part of the neighborhood, such as near a retail area?
4. Determine if the neighborhood is economically stable. Check with your local city economic development office to see if income and property values in the neighborhood are stable or rising. What is the percentage of homes to apartments? Apartments don’t necessarily diminish value, but they do mean a more transient population. Do you see vacant businesses or homes that have been for sale for months?
5. See if you’ll make money. Ask a local REALTOR or call the local REALTOR association to get information about price appreciation trends in the neighborhood. Although past performance is no guarantee of future results, this information may give you a sense of how good an investment your home will be. A REALTOR or the government planning agency also may be able to tell you about planned developments or other changes in the neighborhood—like a new school or highway—that might affect value.
6. See for yourself. Once you’ve narrowed your focus to two or three neighborhoods, go there, and walk around. Are homes tidy and well maintained? Are streets quiet? Pick a warm day if you can and chat with people working or playing outside. Are they friendly? Are their children to play with your family?

During your search, keep in mind that this is likely the single largest investment that you will ever make. Surround yourself with seasoned professionals throughout the process and do your research. Please don’t hesitate to phone me if I can answer any questions for you!

This is really good information. It is not just about the investment in a home that you should be concerned with, it also has to do with were you are going to raise your family or where you are going to retire. All this should be considered carefully on your path to home ownership.

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