When buying a new home, you should keep in mind the factors that could potentially affect your property value in the future. Although you can’t choose your neighbors, the population and reputation of a neighborhood could have a major impact when you get ready to sell your home.
If you are moving into a new neighborhood early in its construction process, you may get a sense of serenity due to the quiet and low population. However, as construction moves along, more people move in. While the construction vehicles and noise may be frustrating for a while, you’ll feel a true sense of community from watching your neighborhood grow. Large neighborhoods with a wide variety of homes can be appealing to potential homebuyers, especially those relocating to the area for jobs or military.
If you have a home in an existing neighborhood and see new homeowners moving in, welcome them with open arms and let them know that you’re on their side. A sense of camaraderie will go a long way, and you’d be surprised at how appealing a friendly face is to potential new buyers.
Don’t hesitate to welcome your new neighbors. Not only will the growth of your neighborhood help property values, but there is also great potential for new friendships. You can meet people that you’ll be able to count on in times of need and bond together throughout the year.
Good neighbors also help property values by contributing to curb appeal. This is boosted by a good homeowner’s association that holds homeowners to high standards. When potential buyers are driving or walking through the neighborhood, curb appeal will either attract or deter them. Work together with each other to make sure everyone’s yard looks great and keep trash out of the streets. You can even approach local contractors and landscapers to see if they will give a special group rate for multiple houses when work is needed. When neighbors are encouraging and helpful with one another, the whole neighborhood will benefit.
While you can’t pick and choose the neighbors around you, you can make the most of it and let the whole neighborhood benefit in the process. Although you may not live near them permanently, you can make the most of your time and ensure that your home will sell in the future.