neighbourhood

Will the Neighbourhood go up in Value?

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How important is your neighbourhood? 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 neighbourhood.

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

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

Some of this information may be difficult to get on your own. We can help you. Call IM Team today!

Looking for a professional agent?

Weather you are looking to buy a new home or sell your current home, we are agents you can trust. If you are thinking about selling your home, call us for a free home evaluation. If you are searching for a home, call us to find out how we can benefit you using our systems! We promise to be there from the beginning of the buying/selling process to the end until you are satisfied. Contact us today for any additional information with regards to real estate in Kitchener-Waterloo, Cambridge and surrounding areas.