Here is how to spot the next hot neighborhood

Image result for cool neighborhood

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.

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2018 honoring the top 7% of real estate professionals in Oregon.

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington

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