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6 signs a neighborhood is about to take off

 

NEW YORK – March 21, 2014 – Bargain-hunting homebuyers willing to purchase in an up-and-coming neighborhood can get a good deal and, as Trulia’s Michael Corbett says, “get in on the ground floor of appreciation.”

But spotting which neighborhoods are in flux and changing for the better isn’t always easy. Buyers should look for:

• Retail or residential construction is already in progress
• Trendy establishments opened recently – like wine bars or farm-to-table restaurants
• Neighborhoods that are adjacent to big cities
• Areas that have a declining crime rate
• A more-than-usual number of public building projects are underway
• Some listings on the market have been renovated

Source: Fox Business (02/26/14) Fuscaldo, Donna

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Related Topics: Buyer services