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 chic 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 soar.
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 millennials and first-time home 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, it’s 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.
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Rachel Sheller, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker,
MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First- Principal Broker, Washington First-Managing Broker
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