Ignite FB Tracking PixelWhat Does The Phrase “Up And Coming” Neighborhood Mean? - Barbara Haley
What Does The Phrase “Up And Coming” Neighborhood Mean?

by Barbara Haley 10/21/2018

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
Barbara Haley
Barbara epitomizes integrity, energy, determination & creativity during every real estate transaction. Barbara's extensive knowledge of the local residential real estate market is unparalleled. She specializes in applying her expertise and market knowledge for the benefit of her clients. Her clients trust her judgment and consistently seek her advice on deals up to several million dollars. Barbara is known as a skillful negotiator and will persevere to overcome any obstacle that is placed in front of her. Her attention to detail and honesty is paramount. Barbara keeps her clients updated every step of the way with consistent communication and prides herself on giving all of her clients the most precise information on the state of the market and local real estate trends. Barbara's personal passions include extensive travel, fitness and giving back to the community. She has visited 100+ countries in five out of the seven continents worldwide. Barbara completed her first full marathon in 2009 in San Diego with Team and Training while personally fundraising $5,000 for the benefit of the Leukemia & Lymphoma Society in memory of her grandmother. Fast forward to October 1st, 2016, Barbara completed her first full Ironman 140.6 distance triathlon in Cambridge, MD while personally fundraising $2300 in support of colon cancer research in memory of a dear friend. Barbara is well known in the real estate community for using the same drive, tenacity, and determination that she uses to complete Ironman triathlons in bringing even the most challenging real estate transactions to a successful closing.