Yep. The folk who live nearby can have a HUGE effect on your own quality of life.
Currently we have quiet old folk nearest. Mostly we all just leave each other alone, but that's fine. On the other hand we help each other when needed, like when they took my kids in one cold evening when I was late getting home from work and they'd forgotten keys to get inside.
Previous house in a dodgy area. Unemployed losers across the road; could have noisy parties any night they wanted - but I had to go to work and wanted some sleep, arseholes. (Used to happen a lot). Google street view even caught on "film" the dead ute they had parked on the road, which they filled with their smelly trash that they couldn't be bothered disposing of properly.
Measure once, cut twice. Practice makes perfect.
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