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Updated almost 11 years ago on . Most recent reply
What to (literally) look for in a neighborhood?
Dear BP community - my question is simple (and hopefully not a dumb one). When one visits an unfamiliar neighborhood, what are some things to look out for, either good or bad? I'm specifically asking about the neighboorhood/street/area, not the actual house.
I have narrowed some houses in a neighborhood that is a few hours from me, and I will be visiting the houses tomorrow. I have already checked out the crime stats, school ratings and "driven" around on Google maps to prep ahead of this visit. But I imagine there are certain things/signs that experienced RE investors look for, especially in an unfamiliar neighborhood/area.
Any tips or guidance would be greatly appreciated. Thank-you in advance!
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that is an excellent question! I look for cars in driveways, lots of cars in different driveways during the day can mean lots of unemployed people, lots of cars in one drive way can mean illegal immigrants. I also look at house and yard conditions. The better the condition the more I want to invest there. I also look to see if any one is walking their children (a positive sign) but anybody just sitting on their porch or just standing around are detractors. Junked or multi colored cars are major detractors.