5 Signs You Live in a Bad Neighborhood and Should Consider Selling Part 2
Does your neighborhood give you a bad vibe? Are you becoming increasingly concerned with your safety? Perhaps when you invested in your home, the neighborhood was thriving or at least steadily improving, but over the years it’s taken a turn for the worst. As home investors, the professionals at Real Estate Solutions Providers know that the value of a functional home can be seriously weighed down by a bad neighborhood. That’s why we can help you sell your home for cash in Raleigh, NC.
In this two-part article, we are discussing five signs that you live in a bad neighborhood. In the first part, we discussed if you are surrounded by undesirable homes, if residents go to great lengths to secure their home, and whether or not the local businesses align with your living needs. In this section, we will discuss the overall outlook of your neighborhood and if the community is ship-shape.
4. What’s the Community Like?
There are many telltale signs of living in a troubled community. For example, is there a strong police presence in your neighborhood? If there is, there’s a strong possibility that criminal activity is taking place on your block. Whether it’s noisy neighbors, loitering, or a homeless population that frequents your surroundings, any of these issues can greatly affect the selling price of your home on the traditional real estate market.
5. Is Your Neighborhood Well Kept?
Perhaps one of the most underrated aspects regarding the value of a home is the maintenance of the community. For example, if street lights are out, trash is in green spaces, abandoned furniture is left in front of homes, broken glass is scattered on the streets, or there are cracked sidewalks, these are all signs of a neglected community that is depreciating in value. If the street you live on is not looking well-maintained or cared for, chances are that prospective homebuyers will not be looking to buy in your neighborhood.
What Should You Do?
If you want to stay in your neighborhood and be proactive, you can install a security system, get to know your neighbors, and take time picking up trash and helping out where you can. Of course, performing these tasks may just be putting a bandaid on a more severe problem. Many of our clients prefer to sell their home fast for cash so that they can move on to a better community. If you are interested in receiving a non-committal, fair offer on your home, please speak with a real estate investor today.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.