First-time homebuyers typically take the time to research what type
of neighbourhood is appropriate for their specific personal needs before
they buy. There are many different types of neighbourhoods, such as
Transit-Oriented Design, Up-and-Coming, Multi-Generational Housing,
Urban Core, and so on. Each neighbourhood has its own advantages and
disadvantages and certain families may choose one over another. What
neighbourhood your dream home is located in should be a large deciding
factor in choosing where you want to live. Here is a basic breakdown of
some of the most well-known neighbourhood areas:
Transit-Oriented
Design: These neighborhoods are specifically built with public
transportation in mind, they surround high traffic businesses with
cost-efficient apartments, condos and townhouses. They are usually
convenient but not very spacious, and mainly consist of a younger,
single crowd possessing a lower income.
Up-and-Coming: Located
near downtown areas but expanding towards the suburbs, they are mostly
larger family homes. They are cheaply priced due to their close
proximity to a lot of construction areas. Usually plays host to a
diverse population, less crime and situated a little further away from
public transit.
Multi-Generational Housing: Will accommodate all
walks of life by combining several generations into one community. New
developments attempt to cater to many family oriented homeowners at the
same time.
Urban Core: The downtown heart of the city, usually
featuring a diverse population and many apartment and loft-style homes.
Boasts plenty of access to public transportation, paid parking and,
alas, higher crime rates.
Historic: This area is surrounded by the
city's most notable government-owned buildings and business complexes,
featuring large Victorian and colonial-style homes. Owners are an older
crowd, and these homes tend to take more effort to maintain (although
their appeal is still very high).
Contemporary Urban: These types
of neighbourhoods are typically for the educated, professional and
younger crowd, with taller high-rise living areas usually located near
downtown business areas. Possesses a great nightlife district for the
dating crowd.
High End: Upper class, expensive, elegant,
contemporary homes in gated communities or situated next to large bodies
of water. Also located high on mountaintops, sprawling hills or any
other difficult-to-reach places, they are often private, quiet, status
symbols.
Rural: These are the furthest away from the city, usually
near to farms, ranches and large custom-built homes boasting acres of
land. If you love nature and solitude, this is the ideal choice for you.
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