Real Property: Purchasing A Residence With A History Of A Serious Health Conditi
Factors To Consider When Purchasing A Residence
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- If you're purchasing a home for investment purposes, it is never a good idea to be the most expensive home on the block.
- Health providers. For example, quality of, and distance to, nearby health facilities, including doctors, urgent care centers and hospitals. Average response time for ambulances.
- Check what it's like to live in the house. For instance:
- A web site such as Zillow.com
gives you the low down on what happens in a neighborhood. Keep in mind that some of the postings on these sites may be no more than gossip or may be malicious attempts by a neighbor to get even with a seller.
- Some sites tell you about stores and services in an area. For instance. www.Yelp.com
and www.Outside.in
- Learn about walkability (nearness to stores etc.) from Walkscore.com
- Learn about drought history in the area at www.DroughtScore.com
- Some sites provide information from residents about neighbors and local services. For example, see: StreetAdvisor.com, Rotten-Neighbor.com, www.YourStreet.com. Keep in mind that information from neighbors is not checked by the site, is subjective, and can be dishonest.
- Crime statistics are available at www.Area-Connect.com/crime
- Learn about local sex offenders at www.FamilyWatchdog.us
- Real estate brokers are beginning to hold themselves out as consultants about local housing markets. For example, see: www.ActiveRain.com
, www.Realtor.com
- Learn about potential environmental hazards. For example:
- The Environmental Protection Agency has a site that informs about levels of air and water waste pollution, hazardous-waste sites and releases of toxic chemicals in a given city, county or zip code. www.EPA.gov
- Environmental Data Resources (www.edrnet.com
) provides a report on hazardous or toxic waste sites near a property. As a general matter, you have to purchase a report from this company through a home inspector.
- www.Neighboroo.com
lists local air pollutants and water quality (and crime rates) for free.
- Check to see about property tax hikes. Contact the local assessor's office to find out what has been happening recently in the neighborhood.
- What it will cost to live in the neighborhood. The cost-of-living calculator at www.Bankrate.com
will give you an idea.
Please share how this information is useful to you.
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