Finding Property Gold In Less Desirable Areas

by Eric Lindlau 01/07/2019

If you’re looking for the perfect location to live but can’t quite afford the neighborhood that you’re vying for, a good option is to look for what’s deemed a "up and coming" neighborhood. These areas are where buyers can find the perfect house in a place where property values are only going to increase in the coming years. Buyers may feel that this is a gamble. How can you really tell if a neighborhood is one of these areas? There are a few vital signs that you can find below which show a city or town is on the up and up.


New Concept Businesses Are Moving In


If you hear a new grocery store is going in an area, co-working spaces, or vegan restaurants are coming to town; it’s a good sign that the neighborhood is going to be a happening place very soon. Think organic, Millennial minded ideas that are trendy. The key is to find the things and places that people want most. If you can move into one of these areas before it becomes popular, you have struck property gold. 


Public Transportation Is Nearby


In any urban area, being near public transportation is a huge plus. Being near any major transit is great for property values. Even homes near major routes are attractive. People will always want easier access to work and the things they need.


Think About How An Area Is Perceived


Cities across the country have flipped from having negative connotations to being an area of luxury. It happens slowly, but it starts with how desirable people believe the area to be. What’s considered “hip” can really affect the way an area is perceived.


Are The Homes In The Neighborhood The Same?


There’s often much potential in neighborhoods where all of the homes have the same design. If you see homes in a place where properties could use some TLC, it may be an opportunity for you. Other buyers or house flippers may have the same idea. It will be like a domino effect, and the neighborhood will turn around quickly.  


How Long Have Homes Been On The Market?


If houses in an area have been on the market for an extended period, it could be an opportunity for you to get a bargain. Buyers may shy away from a home just because the area is less than ideal. Your real estate agent can help you to determine places where homes have been on the market for awhile.           

About the Author
Author

Eric Lindlau

 

About ERIC LINDLAU

My Client-First Philosophy

There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.

That said, in my experience as a COVENTRY real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.

This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients.

So when you decide that you'd like to buy or sell a home in the COVENTRY areas, please contact me.

*****Highly likely to recommend

05/11/2017 - lisal campbell13

Sold a Single Family home in 2017 in Coventry, CT.

  • Local knowledge: *****
  • Process expertise: *****
  • Responsiveness: *****
  • Negotiation skills: *****

I am a 70 yr old recent widow who needed to reluctantly sell our house alone for the first time. Eric Lindlau, owner of Lindlau Realty, was the perfect choice for me. He explained in detail the entire process answering all my questions. He was sensitive to my emotional state, kind and helpful in every way. He even assisted me when I accidentally locked myself out of the house! He emailed me selling prices of comparable houses, which helped me understand realistic values in our living area. I highly recommend this personable young man for your real estate needs.

*****Highly likely to recommend

01/18/2017 - soxgirl13109

Bought a Single Family home in 2016 in Coventry, CT.

  • Local knowledge: *****
  • Process expertise: *****
  • Responsiveness: *****
  • Negotiation skills: *****

Eric was GREAT to work with!! He was a dual agent for us and the home seller. When any challenges arose he knew how to handle them with poise. He was in communication with us throughout the entire process. I would recommend him for all of your real estate dealings.

*****Highly likely to recommend

01/09/2017 - laurak777

Bought a home in 2016.

  • Local knowledge: ****
  • Process expertise: ****
  • Responsiveness: ****
  • Negotiation skills: ****

Eric was an amazing person to work with. He helped me through a somewhat difficult purchase that had lots of unexpected bumps. Eric always returned my phone calls and emails promptly and was above all...honest!!! So many times when you are dealing with folks who make their living on commission, you feel like they are trying to "sell" you all the time. That was never the case with Eric. He was a complete professional and nice guy. I enjoyed working with him so much that he is now representing me in another sale.

*****Highly likely to recommend

12/07/2016 - kclancy098

Bought a Single Family home in 2016 in Coventry, CT.

  • Local knowledge: *****
  • Process expertise: *****
  • Responsiveness: *****
  • Negotiation skills: *****

Eric was always so willing to work with our schedules and he took the time over 3 months to show us over 20 houses. He was very knowledgeable and would give us his honest opinion. He always gave us great and honest advice but would still do whatever we asked of him. He found us such a good deal and when we thought we were extremely annoying or need to he was always pleasant and willing to help however.

*****Highly likely to recommend

09/15/2016 - DarleneWalworth Suchecki

Sold a Single Family home in 2016 in Coventry, CT.

  • Local knowledge: *****
  • Process expertise: *****
  • Responsiveness: *****
  • Negotiation skills: *****

Mr. Lindlau is an extremely knowledgeable and professional real estate agent. He made the whole home selling experience easier and I had complete trust in him. His negotiating skills were wonderful because he is such a great people person. I guarantee that you will not be disappointed if you choose Eric Lindlau for your Realtor.