If it's time to buy a new home, and you're looking into new home subdivisions, make sure you choose the neighborhood that's right for you. With so many new subdivisions available, you're sure to find the one that fits your particular lifestyle. Choosing a new home requires a lot of thought and consideration. After all, you're making one of the biggest investments in your life. Here are four steps you should take when purchasing a home in a subdivision.
1. Consider the Available Amenities
When it comes to buying a home in a subdivision, one of the first things you should do is consider the available amenities. This is particularly important if you have an active family. Things like community playgrounds, walking paths, on-site gyms, and clubhouses become essential when you're moving with a family. While you're narrowing down your choices, be sure to consider all the amenities that are available to you.
2. Ask About the Landscaping Guidelines
If you're going to be moving into a brand-new subdivision, you'll be working with a blank slate, especially when it comes to the landscaping. While you're making your decision, be sure to ask about the landscaping guidelines. For instance, you'll need to know what the restrictions are regarding fencing, swimming pools, and even trees. The more you know about the landscaping guidelines in each subdivision you're considering, the easier it will be to make an informed decision before you purchase your new home.
3. Consider the Resale Value of the Surrounding Homes
It's not uncommon for several subdivisions to be built near each other. The close proximity of those other subdivisions will play a big role in the future resale value of the home you purchase. When choosing a home in a new subdivision, you'll want to consider the resale value of the surrounding homes. By considering the resale value of those surrounding homes, you'll get a clearer picture of the potential resale value of the home you plan on purchasing.
4. Ask About the Home Owners Association Dues
If you're going to be purchasing a home in a subdivision, you'll probably be dealing with homeowners' associations. Before you purchase your home, make sure you ask about the HOA dues. The monthly and annual dues will need to be considered when applying for your home financing. Knowing what the HOA dues are in advance will ensure that you can add that information to your loan application.