House Hunters: Different Strokes for Different Folks

Driving around, touring homes, and meeting people is the universal way to judge a neighborhood. But a recent study by the Real Estate Center at Texas A&M University reveals that, in general, different ethnic groups go about choosing neighborhoods in different ways.

The study found African Americans are much more likely than other groups to learn about neighborhoods by driving through them. Asian American buyers are more likely to use real estate information sources. Hispanics rely significantly on friends, family, and work associates for neighborhood information.

The Real Estate Center offers these key issues for people choosing a new neighborhood to consider.

How do neighborhood schools rank in areas important to you? The school district and the Internet are good resources for information.
How will your children get to school, and how long will it take them to get there?
Are municipal services available?
Is there a home owners’ association, and what are its fees? Are there other fees or user charges for public services?
Are streets and other public facilities well maintained?
Do home owners exhibit pride with well-kept homes?
What do police statistics show about crime in the area?
Is the neighborhood well regarded by those familiar with the area?
Are there deed restrictions? What are they? Are they enforced?
What are the city or county’s long-range plans for the area? You don’t want to be the last one to find out a freeway is coming through.
How is the area zoned? Don’t forget, however, that zoning can be changed.
What are the plans for any nearby open spaces?

Source: Texas A&M Real Estate Center, David S. Jones (03/05)

Posted by Donald Urschalitz P.A. at April 10, 2006 09:57 AM