Selecting an Upcoming Area

Buying & Selling Real Estate
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Selecting an Upcoming Area

Dustin Fisher
Knoxville, TN · Member since 2015 · 32 posts · 5 votes

My question is how does one determine an AREA to invest in. I want to select an up and coming area to invest. What should I look for? How does one get ahead of the trends?  

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  • Brie SchmidtBusiness Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
    11y

    @Dustin Fisher

     It is kinda hard to explain... for me it is gut instinct.  I look at what is going on in the area, are new buildings going up, are buildings being boarded up, what types of business is coming to the area, what do the neighboring areas look like, where is the path of progress heading...

    By the time it is being written about as "hot" and "up and coming"  it is too late

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  • Dustin Fisher
    OP
    Knoxville, TN · Member since 2015 · 32 posts · 5 votes
    11y

    I have an area in mind with new businesses going up. The main street looks good but the houses are not up to standard with the area. I guess what I'm saying is the main street and community looks great but the houses not so much. I have a "gut feeling" this is a good area to invest. I didn't know if there were magic numbers to put into a formula to track the market.

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  • Bea Patterson
    Professional · Jacksonville, FL · Member since 2015 · 2 posts · 0 votes
    11y

    If the main street looks good and businesses are investing there, that is a great sign.  Have you noticed any renovations in the area? Another great sign.  As a realtor, I do a lot of research into an area to analyze sales trends.  Another thing to try is to go to county offices and get a copy of the master plan.  It usually contains a wealth of information.

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  • Payton Abernathy
    Investor · Knoxville, TN · Member since 2015 · 38 posts · 12 votes
    11y

    Dustin ,

    I believe I have a hunch that's an area that's going to trend upwards. You may already have it in your head too... Go Panthers !!! If you know what I mean ;)

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