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.
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.
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.
Call me to talk more about buying “smart!”
Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.
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Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First
Direct 503.380.9634, Email- firstname.lastname@example.org
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