What Families Need to Look for When Choosing a Miami Neighborhood

There are many things you can change about your new home after you complete the purchase. If you don’t like the color of the paint on the walls or the backsplash in the kitchen, those are easy fixes. However, you can’t pick up the home and move it to a different location if you don’t like the neighborhood. Before you decide to purchase Miami real estate, you need to take time to learn about the area. Here are a few tips on how to choose the best neighborhood for your Miami real estate purchase.

Even if you don’t plan to use the neighborhood amenities yourself, they will increase your home’s resale value down the road if you decide to sell. Many neighborhoods have shared pools, playgrounds, and walking or biking trails that all residents can take advantage of. Some neighborhoods may even have stocked fishing ponds and onsite fitness centers in addition to public clubhouses where you can play games and spend time with your neighbors. Take time to learn about what your neighborhood has to offer and if there are plans to build or add other amenities in the future.

Families with school-aged children will be especially curious to learn about the school district that the neighborhood is zoned for. This doesn’t guarantee that your children will attend this school since you can always choose to send your children to a private school. Either way, it affects the resale value of your home. It may also impact the type of people who choose to live in your neighborhood. If you choose a neighborhood that is zoned for one of the top districts in your area, don’t be surprised if you notice more families with children taking walks or playing outside in the front yard.

Take time to learn about the schools that your neighborhood is zoned for. Research their student-to-teacher ratios, their test proficiency rate, and other relevant factors, such as what percentage of the school’s teachers have been in their current position for more than two years. There are several online platforms that make this information easy to access.

It’s important to choose a neighborhood that isn’t too far removed from key services such as banks, grocery stores, hospitals, and police stations. You don’t want to have to travel a long distance every time you are working on a recipe and realize that you’re short on milk or eggs. You may also want to live near your favorite restaurant or shopping district. Pay attention to what services are offered in close proximity to your home. This may also give you a hint about how the area could continue to develop in the future.

Most neighborhoods will have a homeowners association that takes care of the administration of shared neighborhood amenities. They also enforce rules and standards for how each homeowner takes care of their home in addition to what they can and cannot do inside their property. A good HOA may also plan special events during certain times of year. Perhaps your HOA puts on a neighborhood party during the holiday season, or maybe they work with local food trucks to come onsite and provide meals during the summer.

One of the greatest benefits that you’ll enjoy from your neighborhood is the chance to connect with those who live close to you. You’ll see your neighbors often, especially during seasons when the weather is nice. You may run into them while you’re outside checking the mail or taking care of yard work. Over time, you can develop a relationship where you connect over shared interests. If nothing else, you’ll get to know enough about them so that you can ask about their job and their family.

Regardless of how close you want to be with your neighbors, they can be a great resource when you’re looking to learn something about the neighborhood where you’ll live. Take time to knock on their doors before or after you look at a potential home. This will give you a chance to hear from them about what they like most about living in the neighborhood. You may also learn something about the previous homeowner and the way they took care of the home that you’re thinking about buying.

Your neighborhood has a lot to do with the resale value of your home. This article has already alluded to this truth, but it’s worth mentioning again. When it comes time to sell your home, it must appraise for a fair market price. This number is determined in part based on recent sales of similar homes in your area. This is why you never want to have the most expensive home in a particular neighborhood. Your home’s value will reach a point of diminishing return where you find it difficult to increase your ROI because your home’s appraised value is based on properties that aren’t worth as much.

No matter how your home is worth compared to other properties in the area, it’s still a good idea to think about how the neighborhood itself will affect your home’s resale value. Think about how your neighborhood may continue to develop over the next several years and how future changes and trends could impact the price that you might command when you choose to put your home on the market. Your realtor’s expert insight will be critical in this area.

The Jennifer Price Group loves helping people like you shop for their dream homes in the best possible neighborhood. They are passionate about Miami real estate, but they are even more passionate about people. They desire to connect with each of their clients, and they take great pride in providing the highest levels of value and service to each client they work with. Reach out to their office when you’re ready to begin the process of shopping for a new home in the Miami area.