
Many
factors combine to make a community an attractive and pleasant place
to live - and the most desirable towns are also those that typically
see the strongest appreciation in property values. |

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Go to
the Town Hall
The local municipal building is a great place to get some key
information on a town that you are researching. You can get
information on local schools, property tax rates, building regulations,
and developments proposed to be built in the next few years.
You may even get a feel for the community and whether it is
right for you. |
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Community
Research Checklist
While much of your opinion of a town will be
based on your own viewpoint and impressions, there are some objective
standards to review as well. Consider these factors when researching a
community.
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Is
the community accessible?
Access is a key consideration of any location. Is the area well served
by major highways? How far is the nearest major city? The closest
airport? How long of a commute will you have. |
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Is
the school system highly regarded?
School quality is a crucial factor in property value, so it is important
even if you do not have children. Are the school buildings and grounds
well maintained? |
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Consider
prestige and pricing.
Is the town considered an upscale community? Reputation can be important
- sought after towns tend to appreciate strongly during good markets
and retain their value best when the economy falters. Keep an eye
on pricing, however, and make sure there are offerings within your
price range. |
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Is
there significant development in the area?
This can be a source of strain on the community as local services
become stretched by the growing population. However it also indicates
that the area is in demand - and that property values may continue
to grow. |
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Review
town services and recreational facilities.
Does the community offer parks and other recreational amenities? What
services are provided by the town - police, fire, garbage collection,
etc.? Is there municipal sewer
and water service? |
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Are
property taxes high?
It's important to check out the real level of taxation. Since many
communities use old or outdated assessments, the specified rate
may not tell the whole story. Check on the actual tax bills of houses
of the size and type you plan to buy - this should give you an idea
of what to expect. Also check to see how quickly taxes have been rising
in recent years. |
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Is
there shopping and recreation nearby?
Few homeowners want to drive a significant distance to buy groceries
or see a movie. Check to see if the town is well served by stores
and recreational facilities. |
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Watch
out for problems.
Try to discover any potential problems that may impact your quality
of life. Is there excessive traffic in the area? Are there any proposals
or plans to build an unappealing facility - power plant, prison, etc.
- in the area? |
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