Wednesday, August 26, 2015

5 Hidden Downsides to a Neighborhood

Smart homebuyers are well aware that a good location is just as important as a good house. Their new home should be in a safe, secure, and well-kept neighborhood. It should also be accessible to lifestyle necessities such as work, school, the market, hospitals, and more besides.

Thus, house-hunting requires a keen and critical eye with regard to the surroundings. But while some facets of the neighborhood are plain and obvious, others yet are often missed even by the sharpest among us.

Take note of the following before you commit to a property:


Traffic
Homebuyers need to take note not only of the distance it takes to get from the house to work, school, and other essential destinations. Traffic is also crucial. But it isn't always obvious, especially if the homebuyers came to inspect the property during the weekend or during off-peak hours. Try to assess the traffic situation by driving or commuting to the neighborhood during rush hour. 

Flooding
How does the area fare during the rainy season? Sometimes looks can be deceiving. The best way to find out would be to ask the neighbors. You can also check flood maps on nababaha.com

Proximity to fault lines
It's doubly important to check if the property is close to active fault lines, such as the West Valley Fault and East Valley Fault Lines in Metro Manila. You can look up the neighborhood on Project Tremors, which has a visual map of the fault lines and nearby hospitals in case of emergencies. 

TV, Internet, and Cellphone Reception
Normally, cellphone reception shouldn't be a problem in metropolitan areas. But sometimes certain structures or the elevation of the property can affect cellphone signals as well as TV reception. Internet Service Providers (ISPs) also differ in speed and signal strength with regard to location. As such, homebuyers should check whether the property will be able to provide them with ample services in terms of digital connectivity.

Property taxes and insurance rates
Property taxes and insurance rates vary in different areas. Consult your realtor regarding these rates, making sure that you can afford them in the long run.


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