Homebuying Tips

Choosing a Neighborhood

Choosing between an old neighborhood and a new community is like choosing between a vintage car and this year's model. The older car may be charming, but may not be practical or economical...unless you've got a mechanic in the family.

Engineers have spent years studying the human body to come up with the small conveniences and major innovations that make the new car more comfortable and easier on the environment.

And it's the same with new homes. When planners map out new neighborhoods, they bring years of analysis to the table. It's no wonder that new neighborhoods are flourishing all over the U.S.

New neighborhoods foster a sense of community you often won't see in an older area-a sort of pioneer spirit. Homeowners in a new neighborhood have a common bond-they've recently built their home and are committed to improving their family's quality of life.

With the help of flexible financing, most buyers are surprised to discover that they can afford a home in a new neighborhood. Before you start to shop and compare, take a look at the financing calculators from our preferred lender, KB Home Mortgage, LLC, an operating subsidiary of Bank of America. Then you'll know exactly how much you can afford to invest in a new home. To see some of the great communities KB Home has to offer, click here.

Here are some basics to consider when you're deciding where you want to live:

• Proximity to work centers, highways, public transportation and other transit will have a great impact on your quality of life.
• Basic services should be easily accessible, like grocery stores, restaurants, post offices and dry cleaners.
• Hospitals and medical care should be within a reasonable driving distance.
• Proximity to parks and recreation facilities is helpful, especially if you have children.
• Quality of local schools, nursery schools and colleges.  Visit the schools and ask about the student/teacher ratio, college-acceptance levels, testing, athletics and safety. Check out both public and private schools.
• Above all, look for a friendly neighborhood that instantly makes you and your family feel welcome.

TIP: It's also a good idea to drive through the community at different times of night and day. Spend time in local stores and restaurants, check out nearby attractions, pick up the local paper. But there's really only one way to get the feel of a neighborhood: by talking to its residents. Don't be shy about speaking to your future neighbors. Remember, they were the new kids on the block once, too!