Buying an Older Home in Edmonton
There has been a resurgence of interest among young couples in residing in more mature neighbourhoods in the city. Affordability is one drawing factor. Where once the school populations were declining with the aging population, now with the arrival of young families the school populations have mushroomed once again.
When considering a move into a mature neighbourhood, there are some important factors to keep in mind. What are the crime statistics in the area? What are the long-range city development plans for the neighbourhood? Future roadways, Light Rapid Transit and the like that may influence your decision! What amenities are readily available–schools, churches, doctors, dentists, fire and police stations, recreation facilities, shopping malls, bus transportation? What is the re-sale record of homes in the area? How well are the adjacent yards and homes maintained? Is there an active community league operating in the area? What positive and negative factors about the neighbourhood can you compile?
Some of these questions can be answered by referring to the Edmonton City Police website, or calling the City of Edmonton Development Branch. Others can be ascertained by talking to potential neighbours or having your realtor do a community real estate analysis of comparable homes.
Doing some constructive due diligence in advance can lead to some wise decision-making and long-term satisfaction!
