What Makes A Good Investment For Your OWN Home?
While searching for that perfect home, most people focus their attention on pretty cabinets, stainless steel appliances, or having a beautiful pool. However, it’s important to note that you are not only investing in the home, but also in the longevity of the neighborhood.
Three determining factors of a strong neighborhood and community:
- Highly Rated Schools: Whether you have kids or not, a sign of a strong neighborhood, in the long-term, is related to the school ratings. The higher the better! Click here to learn more about the ratings of schools in your next neighborhood. [https://www.greatschools.org]
- Low Turnover Rates: If the neighbors buy and sell at a frequent rate, this can be a indicative of problems with the neighborhood.
- Number Of Rentals In The Neighborhood: A tenant will never have the same care and appreciation for a home as it’s owner would. High rates of rental properties, in a neighborhood, can ultimately have a negative impact on the neighborhood, as well as the condition of the homes. Homeowners prove time and time again that they put more value on caring for their homes and the neighborhood as a whole. While you cannot avoid having rentals in your neighborhood entirely, ensuring that the community isn’t oversaturated with rentals is the key to a solid neighborhood.
