Two of the most commonly asked questions and comments we receive “Is this a good Naples neighborhood?” and “I’m looking for a great deal.”
The answer to the question and comment is a combination of your list of wants and needs and the facts we have about a neighborhood.
TIP: Ask to visit Naples neighborhoods matching your list and price range. Identifying the right neighborhoods and finding the right home in one of the neighborhoods is the best way to find a great deal.
Most buyers are placing a heavy emphasis on price, which can be shortsighted for their long-term appreciation and the value they get from their home.
As always a buyer is looking for the best neighborhood and best deal. Both are independent of each other and do differ from buyer to buyer.
Establish a flexible wants and needs list and a price range. In some cases, your wants and needs may or may not match the price range; therefore, the list will have to be modified.
1. Neighborhoods where prices fell deeply, will take longer for prices to recover. The appreciation will lag behind other neighborhoods.
2. Look beyond the price and assess the qualities that kept the neighborhood attractive to other buyers over the long term. Neighborhoods with better qualities have experienced less price declines.
3. Match your own lifestyle to achieve a solid choice of neighborhood. A neighborhood that does not match your lifestyle is one where you will not receive the best value for yourself.
4. Often well established neighborhoods tend to be more desired neighborhoods. Well established neighborhoods have a lower turn-over rate. On average the national turn-over rate is between 15 and 20 percent.
5. Avoid neighborhoods with a lot of potential short sale and foreclosed properties. Neighborhoods with distress properties continue to experience the loss of value
6. Consider distances, driving times, or convenient location to beaches, parks, libraries, shops, restaurants, healthcare facilities, and access to highways. People like being located conveniently to the aforementioned. They like to walk, bike or have a short drive.
7. Consider the quality of schools serving the neighborhood. Homes in quality school districts are always in demand. The real estate tax rate for schools are uniform throughout a county, so why not live in a neighborhood where the quality of the schools will benefit you. Due to Federal and State Fair Housing Laws we cannot discuss whether the schools are good or bad. We can point you to public references.
8. Know the local crime rate. You do not want to buy in a neighborhood where crimes of any kind are increasing. Neighborhoods with reducing crime rates, may take time for perception to catch up to reality. We can refer you to various sources for your research.
9. Assess the neighborhood’s curb appeal. A neighborhood with too many places or amenities in disrepair can be an indication of a lack of pride in ownership. Neighborhoods that are well kept shows people will work hard to maintain the value of their properties.
10. Assess the neighborhood’s financial stability if located within an association. Signs of deferred maintenance, lack of curb appeal, potential short sales, and foreclosures may reflect an association lacking financial stability.
Our email listings update service can be highly customized to match what you are looking for – give your A Delta Realty team member a call or send them an email with your criteria. We will be more than happy to revise your search criteria accordingly.