Posted on: 13 December 2018
When you buy a property, there are several things you take into consideration. You want a house you love and land that's easy to maintain, but there are some other important factors to think about. Here's a look at some things to know about a piece of property before you buy it.
The State Of The Neighborhood
If you're buying a house to live in for the long term, then you want to buy into a stable neighborhood. Neighborhoods go through cycles, and sometimes they go into a decline for various reasons. Crime might be on the rise, property values may be declining, or the neighbors may be aging so there are few kids left for your kids to play with. You can check crime statistics and the trend for property values to determine if your neighborhood is thriving or declining. This information could be helpful to know so you don't buy a home that will decline in value in the coming years.
Future Building Projects
While you don't know for sure what the future holds, try to find out if there are plans for changes to the neighborhood that will affect you in the coming years. If a mall is planned nearby or if a condo project is going in, you'll have to put up with months of construction activity and a change to your neighborhood. Try to find out if plans are in the works for any vacant lots near your home, especially if they are zoned for commercial or industrial use.
The Condition Of The Soil And Water
Even if you buy a city property and you don't plan to grow food on it, you still want to know if the soil or water has been contaminated with runoff from nearby industry. You can have soil and water samples analyzed to find out, and you may even want to research the history of the land when you're seriously considering buying a property. This could save you from buying a property that could expose your kids and pets to toxic chemicals when they play in the yard. You may even want to check websites that monitor areas for pollution and possible contamination to estimate how safe a particular area is to live.
When you look at properties for sale, it's easy to get excited when you find the perfect home at a great price, but don't forget to investigate the property for problems that will make you regret your purchase. That way you can feel secure in your home and feel confident the value of the property will grow over the coming years.Share