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It is a well-known axiom that location is one
of the most important elements in the value of
a property.
Let's take that one step further. A good investment
buy would be a sound property in a "so-so" area
that will increase in value in the future.
Buying into an area that is strongly on the comeback
is one way to shorten the odds for success. Trend
is everything.
The trick is not to get in so early that you
are one of the earliest pioneers, but early enough
that there is still plenty of appreciation left.
Being a pioneer is fine if you are a gambler
with a lot of patience. It is safer to buy into
an area after the restoration trend is unmistakably
established.
A neighbourhood that is a good candidate for
restoration must have an intrinsic location advantage,
such as being in a school district that has high
test scores or in a good walk-to-work location.
It must also have good basic homes.
Can we help you find a winner?
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