After years of sluggish sales and stagnant prices, things are definitely looking up for the U.S. housing market. Price inflation jumped by 4.7 percent in 2014 and is expected to rise to around 6.5 percent in 2015. Housing starts and sales of existing homes are also growing at a healthy clip. With that in mind, here are some steps shoppers should take before buying homes for sale.
1. Learn About The Neighborhood
If you are genuinely interested in a property, it behooves you to find out more about it online. In addition to demographics and population statistics, you will want to know about local community and events. You might also visit a few community sites and blogs to get a better idea of how locals feel about their city or town.You can gather more info on homes for sale via http://metrohomesadvantage.com/listing-report/washington-dc/.
2. Examine The Crime Rate
Even if you're moving to a moderately safe suburb, it's always a good idea to look into local crimes. Perhaps the town has a problem with illegal drugs or acts of vandalism that are unreported in the local news. Crimes statistics can give you a much clearer picture of how the town deals with illegal activity.
3. Check The School District
Even if you don't have kids, homes for sale in bad school districts are usually harder to move. As a result, they often have lower resale values than abodes with a way to better schools. To protect your investment, make sure you look into local academics.
4. Visit At Different Times Of Day
As you might imagine, most homeowners and their real estate agents try to put their best foot forward. As such, they often favor showing properties during the day, when things are quiet in the neighborhood.