What Does The Phrase “Up And Coming” Neighborhood Mean?

by Debbie Taylor 12/24/2019

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

Debbie Taylor

Debbie Taylor has over 25 years of experience and knowledge in the Denver Real Estate market. First as an investor and for the past 18 years as a REALTOR.

Debbie Taylor specializes in Central Denver homes and has over 20 years of experience in Central Denver and surrounding areas. I am an area expert for Denver Cherry Creek, Hilltop, Washington Park, Denver Country Club, Alamo Placita, Crestmoor, Montclair, Park Hill, Congress Park, Mayfair, Mayfair Park, Lowry, Stapleton, Park Hill and Cheesman Park. I can provide you with all of the information you will need to know about buying or selling a home in Colorado. It is vital that you put your trust in someone who knows the market and has the personal resources, network, and accountability in the community to get you the best deal possible.

Because the real estate industry is becoming more complicated and advanced everyday, you simply have to have a professional in your corner that understands the industry and is positioned to stay ahead of the game.

I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using the most aggressive advertising and marketing techniques available to attract potential buyers. I want you to enjoy the process of selling your home. My goal is to get as many qualified buyers as possible into your home until it is sold.

Call Me today if you would like to begin the process of finding a home or selling your current one. I look forward to negotiating on your behalf. When you employ Debbie to handle your real estate interests, you have employed a valuable, detail-oriented REALTOR who holds your best interests at hand.

I have a firm knowledge of what makes a successful home investment. Feel free to contact them if you would like an evaluation of your home and its value or if you have any other questions about the real estate market here in Colorado. I have a full relocation package available upon request just give me a call on 303-589-6692 or send me an e-mail at [email protected]

Debbie Taylor, CRS, Realtor RE/MAX Alliance