5 Signs You’re About to Invest in an Up and Coming Area

Posted on March 30, 2019

Many buyers choose to make their buying decision based solely on the property. Whilst the interior and exterior of a potential property are both important considerations, its location is just as vital. The location after all determines a number of factors and will in the long and short term influence a property’s value. A property’s location can dictate the quality of life you and your family have when living in your new home, the social opportunities that are accessible, and the educational choices able to be made within the immediate vicinity. Commute times are also dependent on location. All these are primary reasons why you should never sacrifice location, even if you discover your dream home.

Buying in an already established and affluent neighbourhood is out of bounds for many buyers, with budget constraints often determining where they can buy. Purchasing in an up and coming area, a desirable location that will soon be on every buyer’s radar is however a better option. By investing in a home in an up and coming area, you can sell your property faster and for more money in the future. Here we take a closer look at how to spot an up and coming area so you can buy wisely now and profit in years to come.

1. There’s lots of regeneration

Local authorities and private companies choose the areas they develop very carefully. Whilst lots of building work and other development may be unsightly now, the bigger picture is much more attractive. Homes in areas of regeneration make excellent property investments and mean a better quality of life for you and would-be future buyers.

2. Employment opportunities are increasing

With regeneration comes an influx of business, which means more jobs for people at all levels. Look out for signs of local growth; factories, business parks and hospitals are all positive signs.

3. The student population is also on the rise

The growth of educational opportunities can have a positive impact on an area. With an increased population of students, you’ll notice the opening of more bars and restaurants. These mean more fun for you and represent a great selling point to entice future purchasers.

If you plan to rent out your property in the future, an increased student population means a never-ending supply of tenants.

4. There are up and coming areas nearby

The development of up and coming areas tends to have a knock-on effect, so if there’s an up and coming area nearby, the area you’re considering investing in could be next. Look out for transport links that connect your area with other more popular areas, it could just highlight some hidden hotspots.

5. A growing calendar of community events

An area that has the community at its heart tends to be more popular than others, particularly with families. Taking a look at the latest events calendar for the area can therefore provide a vital indicator of whether an area has the potential to give its residents a good quality of life.

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