Perfect Neighborhood

[lsherman]

Tips on finding your perfect neighborhood:


find out about the school districts
safety
economic stability
is the value of the neighborhood appreciating
local activities - parks, lakes, gyms, country clubs etc...
friendly
cleanWalking around the neighborhoods once you have narrowed it down will give you a good feel if this is the perfect place for you!

[Real Estates Now]

Of course, once you've done all that, their's nothing to stop the most obnoxious person in the world buying the house next door!

[jamesww]

I would like to make what I think is a important point in contrary of OPs original post. It is that just because a neighborhood is appreciating now does not mean it will in the future. Neighborhoods change over time and in some parts of the country very rapidly. So, I would ignore this as a important component of a home search. It is more important to find a neighborhood that is well kept, has low crime, and is the right feel for you.

[rehaankapoor26]

In case both husband and wife are working or have separate sources of income can apply for a joint loan for purchase of a house. This way, the loan eligibility and amount also increase. Under the Income Tax Act, tax benefits are available on housing loans and the interest paid on them. In case of joint loans also all the co-borrowers can get tax benefits. Co-borrowers, who are also co-owners, are eligible for tax rebate in the proportion of their share in the loan. The repayment capacity of each spouse should be taken into account while deciding on the shares of the loan. The shares may be any ratio. The tax benefits would be shared in that proportion only. One should specify the share of the property and other loan details on a stamp paper.It needs to be ensured that both should be co-owners of the property. The ownership of the co-owners of the house must be co-borrowers as well. It is essential for co-borrowers to be co-owners in order to claim the tax benefits. One cannot get tax benefits if he is just a co-borrower but not a co-owner. In case a borrower pays Rs 1 lakh as interest and Rs 25,000 as principal, in case each has an equal share in the borrowing, each can claim Rs 50,000 against interest and Rs 12,500 against principal in their respective income tax returns.