May 30, 2023
Considering a move to Chicago? As a long-standing family-owned homebuilder with over 60 years of experience, Overstreet Builders knows a thing or two about settling down in the Windy City. From navigating the neighborhoods to understanding the real estate market, there are plenty of things you should know before relocating to the area. Here's the inside scoop on what to expect when making the move to Chicago!
Neighborhood Gems Worth Exploring
Chicago is a city of vibrant neighborhoods, each with its own unique charm. If you want to be in the heart of the city, here are some fantastic areas to consider when looking for your new home:
- Lincoln Park: A green oasis with beautiful parks, a renowned zoo, and a lively dining and shopping scene.
- Wicker Park: A hipster's paradise filled with trendy boutiques, cozy coffee shops, and buzzing nightlife.
- Old Town: A historic district boasting charming Victorian-era architecture, comedy clubs, and lively bars.
- Lakeview: Home to the famous Wrigley Field, this neighborhood offers a mix of sports, entertainment, and picturesque lakefront views.
But do you want to know where the real hidden gems are? The Chicago suburbs.
Our Signature Neighborhoods in Elgin and Naperville give you easy access to the city, while still providing plenty of space to spread out. With family-friendly amenities like great schools, parks, and recreational activities, you can't go wrong with a suburban home.
Chicago's Weather Whims
Surviving our local climate requires a bit of preparation and flexibility. It's also important to bear in mind that Chicago experiences all four seasons — so be sure to pack accordingly!
Here are some suggestions to make the transition easier:
- Layer Up: The weather here can be as moody as a hormonal teenager. Make sure you're ready for anything by layering your clothing.
- Embrace All Seasons: From snowy winters to scorching summers, Chicago has it all. Invest in a good winter coat and some sunscreen — because you'll definitely need both.
- Windy City Woes: Remember, it's called the Windy City for a reason (although, the origins of that nickname are up for debate). Regardless, hold on tight to your hat and hang onto your umbrellas. The wind can make even the most experienced Chicagoan struggle.
When it comes to moving, the time of year can also have a major impact on your experience. Generally, spring and summer are the best times to move — but it will be busier due to the influx of people relocating during those months. And this might make it harder to find your dream home.
Transportation Tango
Getting around in any city can be an adventure. Luckily, Chicago makes it easy to get where you need to go. Here are some transportation tips to help you commute like a pro:
- The "L" Train: Chicago's elevated train system is a convenient way to travel. Just be prepared for crowds during rush hour. There's also been a spike in crime on certain lines lately, so stay alert.
- Cabs and Ride-Shares: Chicago is a great city for ride-sharing services like Uber or Lyft. For those who prefer hailing a cab, there are plenty of taxi stands scattered throughout the city.
- Pedal Power: Chicago is a bike-friendly city with many dedicated paths and bike-sharing programs.
- Road Warriors: If you prefer to drive, be ready to battle traffic and fight for parking spaces. Remember, blinkers are not a sign of weakness; they're a survival tool.
Not everyone is cut out for city living — but if you need to be near the action for work or other reasons, the Chicago suburbs make it easy to get the best of both worlds. We can even build on your lot in desirable destinations throughout Illinois, making your relocation to the Chicagoland area even easier.
The Real Estate Rollercoaster
Across the country, the real estate market has been on a wild ride. Chicago is no exception. Here you have everything from luxury high-rises to historic homes and everything in between — with a wide range of prices to match.
So, what's the best way to find your dream home in this competitive market? Here are a few tips:
- Keep an eye on the up-and-coming neighborhoods that are gaining popularity. Areas like West Loop, Humboldt Park, and Roscoe Village have seen significant growth and offer great investment potential. Suburban communities like Lisle, Oak Brook, and Palatine are also worth checking out.
- What's most important to you? Location, amenities, or layout? Having a clear understanding of your budget and priorities will help narrow your search. Here are 5 things you need to know about financing your new home.
- Interest rates have soared in recent months, but with the right loan, you can still land a great deal. Work with a mortgage broker who knows the ins and outs of the local market and can help you get the best rate.
- Consider the benefits of building a new home. Pre-owned homes may seem like a better fit for your budget, but new construction can offer more energy efficiency, customization options, and a warranty that can save you time and money down the road.
If you're in the market for a new home in the greater Chicago area, Overstreet Builders can help. We've been building homes here for over 60 years and specialize in custom design and craftsmanship. Our team is dedicated to quality and integrity, and we strive to make the home building process as smooth as possible. Contact us today to make your Chicago move a great one!