1. Know the current tax issues that may affect property in the neighborhood.
2. Be knowledgeable about any natural disasters that could occur.
3. Know about any building hazards that may be prevalent in the neighborhood.
4. Know the history of the neighborhood, when it was developed, who developed it, what was there before it was developed.
5. Know the demographics of the community. Know about the surrounding schools, number of children in the neighborhood, and occupations. These are very important factors that buyers will consider when choosing a neighborhood.
6. Know about any building projects that could either increase or decrease property value.
7. Try and be knowledgeable about the amount of owner/renter occupied mix in the neighborhood.
8. Know about different home types and styles in the neighborhood. Have information on square footage, bedrooms, bathrooms, etc.
9. Know details about the schools, because home values can often vary according to quality of the school system.
10.Know if the neighborhood has a HOA or Community Bylaws, know the most important rules and regulations. Any restrictions could make or break the purchase of the home.
Tuesday, May 29, 2007
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