As a Boston homebuyer, you may have noticed that the real estate market is heating up! Prices and rates continue to rise and confidence is booming on behalf of both buyers and sellers. But before you decide to make a move this year, before you purchase new homes in Boston, take a moment to recognize where the best areas may be.
Did you know, homebuyers were found to favor neighborhoods with a mix of homes, stores, and other businesses that are easy to walk around? The National Association of Realtors 2013 Community Preference Survey found 60 percent of participants favor walkable neighborhoods.
Below are a few tips for that will help you determine when a neighborhood is about to take off— and it just may be the place for you to buy!
Other New Homes Going Up
New homes going up in the area is a great sign that it’s about to take off. In fact, large-scale developments being built in a neighborhood in Boston is a tip-off that the area is progressing and there’s an interest among those who live nearby to spend time there. Another great tip? Look for a Starbucks going! One real estate insider advised that the coffee giant spends a lot on market research to determine the best areas for growth.
Location, location, location
In Boston real estate, it’s all about location. This applies to homebuyers looking for the best possible place to call home. Being that Boston is a major metro area, more homebuyers are looking to be in the city or just outside. Many homebuyers may find that a home they love lies just outside the metro area. Be on the lookout for what makes sense for you and your family in terms of location.
Retail and More
When trendy locations are being built, like retails, hotels, and more, the neighborhood is on the up and up. This should raise flags for homebuyers searching for the next best thing. Look for spaces like juice bars, organic restaurants, boutique hotels to help determine how an area will function.
Want recommendations for the best Boston neighborhoods for you? As your local real estate expert, I am happy to help you find the right home that fits all of your real estate needs!
Ken Snyder
Keller Williams Realty Boston-Metro
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