How to research a neighbourhood before you buy

Get to know your new neighbourhood before you buy. So before you sign a property contract, here's what you can do to research in finding the right suburb.
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While it’s possible to do your own online research about a neighbourhood, nothing can beat seeing the neighbourhood with your own eyes.

So before you sign a property contract, you may want to do more research on the suburb. Here’s how:

Walk around the neighbourhood

This is the best possible way you can check out a neighbourhood. Just walk around the streets to see how far away the facilities are such as transport, schools and shops. You can also check out the cafes and restaurants nearby, or the local parks. Whether it is easy access to these amenities will help you know if you would really want to live in the neighbourhood.

Moreover, if you’re buying for the purpose of an investment property, the close proximity of the amenities will give you an edge when finding good tenants.

Visit the property at different times of the day

A suburb can be different on different days and at different times of the day. Visit in the morning, in the afternoon, at night, during the week, or on the weekends. The property may look different on the weekend with very few cars parked, but comes Monday it may get congested and noisy. Or a nearby alley that looks perfectly harmless during the day can look different at night if there are no street lights. Doing this kind of research can give you an idea what the surroundings will be like at different times of the day.

Have a chat with your potential neighbours

Don’t be afraid to strike up a conversation with your potential neighbours. You can simply wave at them and say ‘hi’, and see if they answer back. Having a simple chat with a few residents or observing the neighbourhood can give you a good idea of the vibe of the area.

Ask your real estate agent

When you buy a house, your real estate agent will be the best person to ask what the neighbourhood is like since there’s a great possibility that your agent lives in the area, or he/she has spent a great majority of time in the neighbourhood.

Get a Property Report

A lot of companies offer free property reports that give a breakdown of the suburb and demographics. This kind of insight will tell you a lot about an area as well as the types of people that live in it.

Bottom Line

It can be difficult to find the perfect place, but researching a neighbourhood before you buy can help minimise the risk of bad impressions, disappointment, and regret.  

Tags: first home buyer

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