Buying a home in an up-and-coming neighborhood is a great investment and a good way to get ahead of the game when it comes to your investment. By buying a home for less money now and then enjoying all of the perks once the neighborhood really develops, it means that you’re only putting your money to good use. So, what is an up-and-coming neighborhood and how do you spot it?
If you’re noticing an area of town that is starting to get a lot of renovation projects, remodels, or tear downs and rebuilds, chances are, that’s an up-and-coming neighborhood or on the verge of becoming the next hot place. If you’re noticing great little bistros going in, coffee shops, or people remodeling their homes and really improving the look and design of properties in the area, it’s a good time to consider buying a home.
Close to other popular neighborhoods.
Often, popular or hot neighborhoods tend to run close together so if a close neighborhood is seeing a lot of renovations and you know that the neighborhood next-door is already quite popular, chances are buying a home in that neighborhood now will give you lots of rewards later on.
If you’re going through the local stores and restaurants in a particular neighborhood, ask the workers or employees of prices have gone up in recent years. If they have steadily increased, especially things like coffee or restaurants, the reputation of the neighborhood are probably going up as well.
Most Realtors know about the next “hot” neighborhood and are usually happy to share the information. Because we want you to feel like you can trust us, we want to give you the up and up on what’s going on in the area. I can’t break any equal housing laws or steer you to one neighborhood or the other, but I can offer general and public information about the areas, the ratings of schools, and neighborhoods that might be undergoing future renovations.
So, what are some of Nashville’s up-and-coming neighborhoods?
The three hottest areas include East Nashville which covers East Hill neighborhood near Gallatin Pike and Trinity Lane, North Nashville, and Charlotte Park in West Nashville.
Charlotte Park has emerged as a small space between the Nations and Sylvan Park or Sylvan Heights neighborhood. Most of these homes are still priced under $400,000 and you can get a decent-sized home. There are a lot of amenities, low prices, and its close proximity to downtown make Charlotte Park a great location.
In North Nashville, there are several areas that real estate experts expect to start booming in the next 2 to 3 years so places like 12 South and many neighborhoods in North Nashville are going to be some of the hottest neighborhoods in the area. These include Cumberland Gardens, Buena Vista, and Germantown.
In South Nashville, the Antioch neighborhood, which technically is fairly small yet it extends out to quite a large area, is one of the hottest areas in the South Nashville area. Many buildings are getting renovated, home prices are starting to increase, and there are a few subdivisions popping up in surrounding neighborhoods.
Did you know that this year Nashville came in at number 8 on the list for best places to move to in 2019 according to a survey from Cube Smart? Our nightlife, shopping, and tightknit communities really attract a wide variety of homebuyers.
For more information on up-and-coming Nashville neighborhoods, homes and Nashville or relocation information, give us a call at any time or feel free to browse our blog and list of resources for tips and advice for home buyers and sellers.