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Wednesday, February 21, 2024   /   by Joe Johnson


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While you can’t control what happens outside your home, these are ways to assess the value of a home’s neighborhood – and whether it’s right for you:


Looks aren’t everything, but they do say a lot about a neighborhood. An attractive neighborhood shows people care about it. And that great curb appeal can be helpful down the road when selling your house. The next buyer will see a great-looking place and feel right at home.


Different than the actual price of the house, affordability reflects the standard of living in the city or neighborhood you’re considering. How much does it cost to truly live in the area? See how much groceries, transportation, child care, restaurants, movies and other entertainment cost. Then do the math to see if life here fits your budget.


Whether you’re living alone or have family, feeling safe in your neighborhood is an important factor. Tap into online tools (like these) to find crime rates for the neighborhood. You can also call the local police station to ask about safety concerns in the area.


How easy is it to get to the grocery store, work, movies or even the mall? Consider your lifestyle and check the neighborhood’s accessibility to highways, main roads, public transportation, walkways and bike routes. Getting from place to place is something you deal with every day. Land someplace inaccessible and you might regret it. Make sure your neighborhood’s accessibility matches up to the way you live.


Analyze all aspects of a neighborhood that may be hidden when searching for homes. Red flags might include a highway being constructed through the neighborhood, increase in foreclosures or vacant lots, unkempt yards, abandoned storefronts or even bad news about the local leadership. These factors might not be deal-breakers, but consider how they’re affecting your own home-buying decision – and how they might affect the future of the neighborhood and the value of your future home.

Evaluating characteristics like these will give you a better idea whether a neighborhood is the right pick. Check out our website for more information regarding the home buying process.

Reiner Realty
Rene Reiner
2923 Brambleton Ave. SW
Roanoke, VA 24015
Joel Balsley
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
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Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
Last updated; multiple times April 16, 2024. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2024 MLS and FBS. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. The information on this sheet has been made available by the MLS and may not be the listing of the provider.
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