Active/Resort

Active/Resort

Where to find it:
Sunbelt and coastal cities, in the desert, by water or in the mountains

What you can call home:
Large single-family homes in newer architectural styles, luxury cabins, upscale condos

Your Neighbors:
Affluent and active middle-aged adults and seniors

Why You’ll Like It:
Outdoor activities to fit your lifestyle, tons of places to get a tan, go fishing or hiking

Why You May Not:
You’re a couch potato

Ethnic

Ethnic

Where to find it:
Near downtowns in major metros

What you can call home:
Small apartments, older single family homes

Your Neighbors:
Immigrants from a particular ethnicity, young couples, budget-conscious singles

Why You’ll Like It:
Affordable housing, interesting cuisine and products

Why You May Not:
If you’re not the same ethnicity, you may feel like an outsider

Status/Destination

Status/Destination

Where to find it:
In the hills or mountains, by water, behind gates

What you can call home:
Large, custom-built single family homes and McMansions on the lake, on the beach, with city views, in gated communities; plush penthouses and lofts in trendy, urban areas

Your Neighbors:
Affluent high-powered executives and wannabes, upper-middle income achievers, celebrities, millionaires

Why You’ll Like It:
Status, exclusivity, privacy, security

Why You May Not:
Keeping up with the Jones is hard work

Historic

Historic

Where to find it:
Anywhere

What you can call home:
Large, well-preserved, older single family homes known for their architectural styles ranging from Victorian/Queen Anne to Colonial Revival

Your Neighbors:
Style-conscious middle-aged couples, aging adults who grew up in the neighborhood, home-improvement buffs

Why You’ll Like It:
Lots of curb appeal, history and character

Why You May Not:
Stringent home maintenance and style requirements

Pedestrian

Pedestrian

Where to find it:
Small pockets in major metros

What you can call home:
Cozy condos and apartments, lofts above businesses

Your Neighbors:
Hipsters and single professionals

Why You’ll Like It:
You don’t need a car to get what you need

Why You May Not:
Little to no parking, noise, density

CUL-DE-SACS & KIDS (BEDROOM)

CUL-DE-SACS & KIDS (BEDROOM)
Where to find it:
Suburbs and new subdivisions

What you can call home:
Large single family homes with manicured lawns and finished basements, tract homes, newly built homes

Your Neighbors:
Middle-aged soccer moms and dads whose lives revolve around their children

Why You’ll Like It:
Lots of curb appeal, playmates for your children, active neighborhood associations

Why You May Not:
You’re single or don’t have children, not close to city hotspots

NEW URBAN

NEW URBAN

Where to find it:
Near a business hub other than the city’s main downtown

What you can call home:
New single family homes in retro styles, upscale apartments and condos, lofts above businesses

Your Neighbors:
Educated, affluent-to-middle income couples with no or few children, young single professionals

Why You’ll Like It:
Close to work, shopping and nightlife

Why You May Not:
Too many hipsters, inflated home prices push some buyers out of the market

12 Kinds of Neighborhoods: URBAN PIONEER (Up-and-Coming)

URBAN PIONEER (Up-and-Coming)

Where to find it:
Near downtown and inner-ring suburbs

What you can call home:
Fixer uppers, older single family homes ranging in style from ranch to modern, garden-style apartment buildings

Your Neighbors:
Ethnically diverse mix of young singles and couples, recently divorced and single parents, aging retirees who have lived in the neighborhood for years, immigrants

Why You’ll Like It:
Cheaper homes that are likely to increase in value, working-class sensibility, new development

Why You May Not:
Construction noise and eyesores, neighbors who can’t renovate their homes

12 Kinds of Neighborhoods: URBAN CORE (Downtown)

URBAN CORE (Downtown)

Where to find it:
Downtown, the heart of major metros

What you can call home:
Aging single family homes and apartments, modern luxury lofts and condos converted from old warehouses and above businesses

Your Neighbors:
Ethnically diverse mix of young single professionals, low to middle income families and seniors

Why You’ll Like It:
Affordable housing, eclectic mix of high-end and modest, close to nightlife and city attractions

Why You May Not:
Little to no public parking, typically has higher rate of crime, transients

How Much Is Your Property Really Worth?

Choosing your valuer
When choosing a valuer, the following is a handy checklist of questions you should ask:
• Does the valuer have intimate local knowledge of the suburb you are looking in?
• Is the valuer appropriately registered?
• Does the valuer hold ‘Certified Practicing Valuer’ status with the Australian Property Institute or is he/she appropriately accredited by the Royal Institute of Chartered Surveyors? (two peak industry bodies for valuers in Australia)
• Does the valuer have professional indemnity insurance of at least $5m?
• Is the valuer accredited with any lenders? (important for purchasers)
It is always important to engage your valuer formally and usually we would recommend it be done in writing. That way your instructions can be easily interpreted and relied upon.