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Before Buying a New Home Make Sure You Know If it is in an Up and Coming Area

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Real Estate - Buying |


10 ways to see if your home town is on the up.  Thinking about moving? Look out for these 10 telling signs of a housing area with good investment potential.

10 ways to see if your home town is on the up.  Thinking about moving? Look out for these 10 telling signs of a housing area with good investment potential.

1) Building work Skips and scaffolding on a street indicate that residents are investing money in improving their properties.

2) Upmarket shops The emergence of delis, florists and trendy cafés shows there's enough disposable income to support them.

3) Name changes This is done to make an area sound more desirable. When the old docks become The Harbourside, it's time to buy.

4) Estate agencies Estate agents moving into an area shows it's becoming more profitable. They're often the first to spot signs of growth.

5) Bordering areas Areas next to popular locations tend to be a good buy, as demand will usually spill over, making the area desirable by association.

6) Good transport links This almost always increases the value of a property. Look for improvements and extensions to road and rail links.

7) University towns Good for buy-to-let investments. Find out if there are new campuses or colleges opening in different parts of town.

8) Good schools Always appealing to families. Keep an eye on league tables and news that schools have been awarded extra funding.

9) Modest price growth This means house prices are on the up but haven't yet peaked - a safer bet than an area with explosive growth.

10) Council investment Large-scale regeneration projects are planned years in advance, giving you plenty of time to get in early.

 

 

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You can find more information on interior design and interior design ideas at house to home, helping you create a look you'll love

 

 

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Before Buying a New Home Make Sure You Know If it is in an Up and Coming Area
Friday, 23 October 2009
10 ways to see if your home town is on the up.  Thinking about moving? Look out for these 10 telling signs of a housing area with good investment potential. 1) Building work Skips and scaffolding...


 
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Author of this article: Penny Day.

Penny Day has been with FAFY - Free Article For You since Friday, 24 July 2009.

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