How To Spot The Next Hot Neighborhood

How To Spot The Next Hot Neighborhood

Location, location, location: Location is one of the most important elements - if not the most important element to consider in a home search. While it's easy to find markets that are already buzzing. How can you spot up-and-coming neighborhoods?

Uptick in businesses: Take note when chick hotels, stylish boutiques and trendy restaurants begin to emerge in the surrounding areas. If a neighborhood is creating a higher demand for new venues, then its property values are likely to rise. 

Fixer-upper potential: Neighborhoods that may be considered past their prime but offer unique architecture and structural integrity are prime real estate opportunities. Victorian, Tudor and Spanish-style older homes are popular. Especially among buyers who are willing to invest in a home that requires a little extra love, attention and elbow grease. 

Fast-selling properties: As homes begin to spend less and less time on the market. Its a good sign that the neighborhood is increasing in popularity. Sometimes it only takes a few buyers taking an interest in a neighborhood before other buyers take note and begin to see its potential for future growth. 

Karin Waterschoot-Perez Headshot
Phone: 614-774-1741
Dated: July 3rd 2018
Views: 408
About Karin: ...

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