Will the Neighborhood Go Up in Value?

NeighborhoodPrices-1024x683

When you purchase a home, you’re hoping it will continually go up in value — just like a good investment.

However, there’s something else that you want to see go up in value as well: the neighborhood.

In fact, the neighborhood plays a key role in what the home will be worth in years to come.

If the neighborhood goes down in terms of desirability, so will the market value of the home.

That’s why, when shopping for a new home, it’s important to get a feel for the value of the neighborhood, and whether or not it’s on the upswing.

How do you do that? One way is to simply take a walk. Look at the properties. Are they well maintained? Is the landscaping groomed and attractive? Those are signs of “pride of ownership” — a clear indication that owners value their homes and the neighborhood.

Another way is to do some research. Has crime gone up in the neighborhood? Are there improvements planned, such as new parks? Is the neighborhood attracting the kind of people you want as neighbors? How does the neighborhood school rank?

Some of this information may be difficult to get on your own. A good REALTOR® can help you. To find out these necessary information to support your decision, contact me, your trusted local real estate professional, by phone at (905)940-3599 or by email at info@samjia.com today!

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s