Monthly Archives: June 2011

How To Choose The Right Neighborhood

choosing a neighborhood

In a recent article titled,  what’s more important a home or the neighborhood, the feedback received  overwhelmingly supported that the neighborhood was as important to today’s home buyers as the home itself. Therefore, we decided to write about how to choose the neighborhood that’s right for you.

DEFINE YOUR IDEAL NEIGHBORHOOD

There are several things to consider when choosing a neighborhood. Here are a few things we wanted to share based on our experience and extensive conversations with our clients.

First, it is important to note that everyone’s tastes are different. A neighborhood that may appeal to your best friend or sister may not be right for you.

Before you choose a neighborhood, write down the things that are important to you and your family.  Include in the list your “must haves”, things that an area absolutely must have in order for you to buy a home there. Then list other factors that you “would like it to have“.  Sometimes the perfect area won’t exist in your price range. Other times a husband and wife can’t agree on their ideal neighborhood, so compromise is often needed.

SCOUT OUT THE NEIGHBORHOOD

While the Internet is certainly an easy way to get a feel for a particular neighborhood, nothing can replace actually seeing it in person. Here are a few tips:

1.      Walk around and speak to some of the folks who actually live there. If you know someone that lives in a particular neighborhood, they will certainly give you information,  but get feedback from people you don’t know as well. Getting information from different sources is always a good idea.

2.     Take note of the pride of ownership in a neighborhood. Do the homes look well maintained? Is the lawn and landscaping well manicured?

3.     Are children important? If it is preferred that a neighborhood have other children for your kids to play with, drive around during times of the day that kids would be outside.  Some developments are full of kids and others have very few.

 

OTHER FACTORS TO CONSIDER

1.     Highway Access:  Many people are concerned about their commute. Using mapquest or even driving from a specific neighborhood to your office will help.

2.     Proximity To Shopping:  A good local agent will be able to drive you by popular shopping destinations. Then, you will be able to quickly figure out which neighborhoods are better situated if this is important to you.

3.     Are There Additional Costs? Does the neighborhood belong to a home owner’s association? Will you be required to join a golf club? Find out any added costs to living in a particular neighborhood.

4.     Proximity To Local Points Of Interest:  Check to see how close a neighborhood is to schools, the police department, and fire stations.

5.     Are There Any Possible Negative Factors?   There are a few things that are concerns to many home buyers.  Find out if there are active railroad tracks, a main road, or power lines located nearby.  Even if these things don’t bother you, they may effect resale. In any event,  you should at least know about them.

Finding a great home that fits all your needs can be a real challenge in any market. Making sure it is located in your desired neighborhood can certainly make your decision even more complicated.

A good local real estate agent who knows the  specific neighborhoods in your preferred area will be a valuable asset to you during your home search.

ONE LAST THOUGHT

Remember, while the home itself is important, when you buy a home, you are also buying the neighborhood and the lifestyle that comes with it. These things will be factors as well when you sell, so don’t discount the importance of a neighborhood.

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About The Authors

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna,  proud sponsors of Cycle For Survival.

They can be reached at 216-346-3235 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

How To Choose The Right Neighborhood is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June,2011

How Not To Lose The Home Of Your Dreams

Here’s a situation we see all the time. After looking at a ton of homes, a buyer finally finds one they really like. I mean they just love everything about it. Instead of writing an offer though, they decide to wait and end up losing out on the home.

THIS ALMOST HAPPENED TO ME

When my wife Amy and I bought our current home 10 years ago, we knew from the moment we walked in that it was the perfect home for us. However, being the conservative person that I am, I didn’t want to write an offer right away. I usually take my time making major decisions and wanted to wait a few days. I also knew the home had been on the market for a while and assumed it would still be available.

Amy, on the other hand, insisted that we write an offer immediately as she didn’t want to lose the home. After much debate, I decided to give in and listen to my wife’s instincts.  It turns out that had we not acted as quickly as we did, we would have lost the home as another offer came in less than an hour after ours was accepted. We absolutely love our home and have made great friends throughout our neighborhood. We couldn’t imagine what our life would be like had we not bought this home.

FEAR CAUSES INACTION

Most buyers approach the home buying process in a similar fashion. They look at all the homes in their price range and identify the nicest one. They are convinced that particular home is the best and by far offers the most value based on the price. But instead of moving forward, they wait, just like I wanted to do, and often lose out.  So why does this happen?

We believe fear plays a huge factor, and understandably so. Buying a home is a major commitment, one not to be taken lightly. Buyers don’t want to make a wrong decision and some, like me, prefer to take their time and not rush into anything. The problem with this is that other buyers are looking at the exact same homes and if you find one you like, your competition will probably feel the same way.

HERE’S SOME HELPFUL ADVICE

If you find a home you really like, ask yourself this question:  how would you feel if  someone else bought that home?

If you are ok with that, then it probably wasn’t the right home for you. However, if the thought of someone else buying that home would greatly upset you, then you need to immediately write an offer, regardless of how long it’s been on the market.

 

If you are seriously looking to buy a home, I’ll leave you with a famous quote: “ he who hesitates is lost”.  – source unknown

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About The Author

The above information pertaining to Cleveland Real Estate News was provided by Dan Schuman of The Schuman Team – Howard Hanna.  Dan is an Accredited Luxury Home Specialist and can be reached at 216-346-3235 or via email,  danschuman@howardhanna.com.

We service the following Cleveland area suburbs: Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

How Not To Lose The Home Of Your Dreams is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June,2011