Coldwell Banker Residential Brokerage
Mika R. Glass, Coldwell Banker Residential BrokeragePhone: (650) 400-6424
Email: [email protected]

How To Find An Area Where Property Values Are Going To Rise

by Mika R. Glass 11/17/2019

If you’re looking for the perfect location to live but can’t quite afford the neighborhood that you’re vying for, a good option is to look for what’s deemed a "up and coming" neighborhood. These areas are where buyers can find the perfect house in a place where property values are only going to increase in the coming years. Buyers may feel that this is a gamble. How can you really tell if a neighborhood is one of these areas? There are a few vital signs that you can find below which show a city or town is on the up and up.


New Concept Businesses Are Moving In


If you hear a new grocery store is going in an area, co-working spaces, or vegan restaurants are coming to town; it’s a good sign that the neighborhood is going to be a happening place very soon. Think organic, Millennial minded ideas that are trendy. The key is to find the things and places that people want most. If you can move into one of these areas before it becomes popular, you have struck property gold. 


Public Transportation Is Nearby


In any urban area, being near public transportation is a huge plus. Being near any major transit is great for property values. Even homes near major routes are attractive. People will always want easier access to work and the things they need.


Think About How An Area Is Perceived


Cities across the country have flipped from having negative connotations to being an area of luxury. It happens slowly, but it starts with how desirable people believe the area to be. What’s considered “hip” can really affect the way an area is perceived.


Are The Homes In The Neighborhood The Same?


There’s often much potential in neighborhoods where all of the homes have the same design. If you see homes in a place where properties could use some TLC, it may be an opportunity for you. Other buyers or house flippers may have the same idea. It will be like a domino effect, and the neighborhood will turn around quickly.  


How Long Have Homes Been On The Market?


If houses in an area have been on the market for an extended period, it could be an opportunity for you to get a bargain. Buyers may shy away from a home just because the area is less than ideal. Your real estate agent can help you to determine places where homes have been on the market for awhile.           

About the Author
Author

Mika R. Glass

A long time Bay area resident, I am very committed to understanding your needs here in Silicon Valley. By aiming to bring value to each transaction, I will strive to do the best for my clients and meet them wherever they are in the listing or buying process. Rather than counting the number of transactions, I think of working on a long term relationship with my clients. 

The market is always changing and I spend a fair amount of time staying up to date on market trends and new technologies. I believe buying and selling real estate is closely connected to our personal needs and goals. I will go out of my way to set appropriate expectations, as well as remove barriers to the transaction so that you can reach your real estate goals.