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Home Issues 2018 - Summer Edition How to Spot an up-and-coming neighbourhood!

How to Spot an up-and-coming neighbourhood!

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In real estate, the ability to identify an emerging neighbourhood before it becomes trendy is akin to predicting the jackpot numbers. If you’re one of the lucky ones that manages to move into an up- and-coming neighbourhood before the masses start to flock in, not only do you get to bask in the new local businesses that are flourishing around you but you’ll also get to enjoy a pleasant jump in your home’s value. So how do you spot the next trendy area before it’s too late? Here are some of the telltale signs.

Look For New Businesses

The opening of new local businesses shows much promise of growth but the types of businesses matter too. It doesn’t necessarily have to be a Starbucks; clothing stores, sit-down restaurants, independent coffee shops, art galleries, and supermarkets are businesses that tend to attract people from other parts of town and before long, people may start to see some semblance of a very desirable neighbourhood.

Look For Renovations To Existing Homes

If you see homes that are undergoing renovations, it’s a good sign that people in the neighbourhood are taking care of their properties by making a long-term investment in their houses or preparing to sell at a higher value. Either way, renovations improve the neighbourhood’s overall curb appeal and attract the attention of prospective buyers.

Look At The Surrounding Neighbourhoods

If you don’t see homes being renovated or new businesses popping up, it doesn’t necessarily mean that the neighbourhood won’t become a hot market in the future. Check the surrounding areas. Is it close to a trendy neighbourhood? If so, there’s a chance that people who have been priced out of that neighbourhood will want to move into nearby areas.

Ask your real estate agent

Still not sure? Talk to your real estate agent. They’ve been in the business long enough to decode all the signs of an emerging neighbourhood and have the inside scoop on upcoming development plans that could change the face of a neighbourhood.

Tanya Fernandes
Tanya Fernandeshttp://www.tanyafernandes.ca/
Professional Experience TVF operates a full serviced real estate business, assisting her client’s reach their real estate goals. Being part of the Interior Design industry she seamlessly integrates the two by offering value added services to her clientele. Her enthusiasm for real estate is infectious, which comes across when you meet her. She is an active member of the community she lives in, endorsing the Milton Chamber of Commerce & supporting local businesses. She understands the importance of a great family life, setting personal & professional goals that are realistic & fulfilling on a mental, physical & spiritual level. She believes in constantly upgrading & updating her knowledge on the real estate market, giving her clients an advantage by professing strong negotiating skills at the table. Spoken Languages English | Hindi Areas Serviced Milton, Mississauga, Oakville, Burlington & surrounding areas Specialties Multi-Residential, Condominiums, First Time Buyers, Investment & Income Properties

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