7 Qualities Home Buyers Look For in a Neighbourhood

Your ideal home doesn’t just come down to the features of the property — where the house is located is also critical. Whereas in some ways it’s difficult to know what a neighbourhood is like until you’re living there, buyers tend to look for a few particular qualities because these are good indicators of a great neighbourhood.

1. Green Spaces

Being surrounded by plenty of greenery improves your mood as well as the quality of the air. Buyers tend to be attracted to neighbourhoods with plenty of trees, landscaping in front of houses, and parks where they can spend the weekends with their families or pets.

2. Friendly for Pedestrians

It’s comfortable to be able to walk around the neighbourhood and reach nearby facilities on foot or by bike. Good public transit is also beneficial, especially if there are several routes through the neighbourhood (including ones with commuter destinations) that run frequently.

3. Wide Range of Amenities

At a minimum, a neighbourhood should be close to healthcare centers, schools (from elementary to high school), stores, and public services like police and fire stations. It’s even better if there are options for entertainment, cultural centers, and higher education institutions.

4. Low Crime

It’s now easy to find crime statistics for neighbourhoods with a simple online search. Buyers are more willing to buy a home if they see crime of all types is low, but they will be particularly concerned about serious offenses, such as violent crime.

5. Sense of Community

When neighbours know each other and look out for one another, the community becomes safer and more welcoming. A good sign is when neighbours take the initiative to introduce themselves to new families to the neighbourhood. Sellers may also highlight that the neighbours often meet to resolve issues together or just to socialize.

6. Attractive Architecture

The architecture of buildings around the neighbourhood should ideally be functional (for instance, well insulated and comfortable in all climates) but also attractive. Buyers are interested in not just the curb appeal of the home they are considering but of all the other properties in the street. Other homes that look rundown could be a cause for concern. Buyers also look for a variety of home styles throughout the neighbourhood to keep things visually interesting.

7. Various Types of Housing

A variety in architecture also suggests that the neighbourhood is accommodating to different needs and types of families. A range of homes in different sizes and styles is an indication of a diverse community, which is more culturally rich.

Now you’re aware of the most important qualities in a neighbourhood, you’ll know what to look for when searching for a new home and what to highlight about your own neighbourhood to potential buyers. However, since there’s much more to buying or selling a home than the features of the neighbourhood, it’s important to work with a team of realtors. Sherwood Park residents can find the support they need with Damon Bunting. Connect with us to learn how you can gain a market advantage.