×

Go Back

Advice Topics

Top Contributors (View All)

Find a Top Real Estate Agent Near You

Search Now

How can I tell if an area is up and coming?

Hi, I'm thinking of buying a place and wondering how I can tell if a neighborhood is up and coming. I'm hoping to get the most out of my home purchase by buying a place that will appreciate relatively quicker than other areas.
Asked By Gabriel R | Chicago, IL | 591 views | Buying | 1 year ago
Answer(6)
Sort By:
profile img
Semi-Pro
47 Answers
Lynne Pruell

Realty 100 LLC

(16)

Areas that are expanding their infrastructure such new home communities, commercial development, schools, shopping are key signs. You can always check the zoning department in the town you are inquiring about the current expansion plans for the area,
profile img
Pro
91 Answers
Lisa and Greg Harris

eXp Realty, LLC

(42)

THIS IS THE CRYSTAL BALL QUESTION! ;) So it all depends on the area...... I would 1st recommend having this conversation with a REALTOR that knows the general area you are looking to purchase and get their perspective. Some of this depends on the price points and what you are willing to do to the home.... are you going to gutt it and reno it for a quick sale or are you looking at holding it for a long-term tune around? There might be some indicators to what for such as other development around an area affecting the home values.... Is there a surge of hiring happening from the growth of a large business in an area? are other homes in this area being "flipped" So look for indicators and get a professional opinion to help with your specific real estate goal!

Are you ready to find a top agent near you?

Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.

Search
profile img
Semi-Pro
42 Answers
Brian DiMaggio

Atlanta Communities

(23)

If you see a lot of new construction in the area that can be a great sign that growth is coming. Redoing the streets, adding sidewalks, etc are all good signs as well.
profile img
Rising Star
13 Answers
Stephanie Biello

Biello & Black Group

To determine if an area is up and coming, there are a few key indicators to look for. Firstly, research the population growth trends over the past few years. If the area has seen an increase in population, that can indicate demand from potential homeowners or renters. Secondly, check if there are any new construction projects underway in the area. This could signal that more people are interested in moving to the area and businesses are investing in the local economy. Lastly, look at local amenities and community resources such as schools, parks, shops and restaurants. If these services have improved or been added recently it could be a sign of a growing interest in the neighborhood.
profile img
Rising Star
12 Answers
Melissa Key

Woodland Realty, Inc.

(64)

Hello Gabriel, there are so many factors that work into this question but here is a short answer. All real estate is "location" specific and the value is definitely driven by factors such as schools, demographics and other things. Get the help of a true real estate professional. We have our "ear to the ground" and our eyes are always on the market. I know of what areas are appreciating and those that are not in my area. I do suggest working with someone who has some longevity in the profession. We have seen trends and normally can predict them as well.
profile img
Novice
5 Answers
Andre Patatanyan

truline realty

(52)

The most important is to look into areas that money is being spent in. Realtors should know if there is a huge stadium or mall opening up in the area which both takes up real estate and boosts the neighborhood up. For example, in our area The los Angeles clippers are building a stadium and the rams have built one already. Prices in Inglewood which is the city it was built have skyrocketed and will continue to skyrocket because there is new development

Related Questions

Search for Agents by Top U.S Cities
Search for Agents by States
Search for Company by States