Up & Coming Neighborhoods - Great Locations to Buy Real Estate Series
When searching for Real Estate that will have a greater than average increase in value over time, look for up & coming areas.
How do you find these areas that have great potential for increased Real Estate value?
You can do research on your City Hall website and try to find out about any upcoming municipal improvement projects that impact future Real Estate values such as new or upgraded parks, traffic calming or rezoning.
Here is the page to do so in Vancouver.
You can also look for development permit signage or keep an eye your municipal council meeting reports for an indication of developers seeking to build in areas that have long been ingnored.
It will take some time from when the first building goes in until the rest of the area blossoms with new residents and business though, King Edward Villages is an example of this in Vancouver.