Buying a home with resale value - the residential neighborhood

Location  The Residential Neighborhood

Within your residential neighborhood, you want the nearby properties to be fairly homogeneous  alike in style, size, and structure. This does not mean they should all be exactly the same, either. Owners will put their own unique stamp on their homes.

Your future home should be located as close to the center of this neighborhood as possible. Avoid the edges. In short, you do not want your property to back or side to a busy street. If you are buying a single family home, you do not want your property to border a condominium, apartment complex, business, school, or even a park.

You also want to make sure the street you buy on is not used as a shortcut between two busier streets. Nor do you want to buy a house on a corner lot, as those tend to attract more street traffic and are not as safe for children. Buy in the middle of the block or on a cul de sac.

Like we said before, you want your home to be neatly tucked away in the center of your residential neighborhood.