Starbucks or Big Box retailer Signals a Rising Neighborhood
If there is a Starbucks or a big box retailer going into a town you are thinking of purchasing real estate in, this maybe one sign you might want to take notice of!
“Wake up and smell the coffee…” writes Michael Corbett, Trulia’s real estate expert and and host of NBC’s “Extra’s Mansions & Millionaires!” in his book Before you Buy! The Homebuyer’s Handbook for Today’s Market.’
While he’s not referring to just Starbucks but also other big retailers who spend huge amounts of money every year predicting where the next booming population areas are going to be. These include Whole Foods, Wal Mart in addition to many others.
One of the best ways to stretch your buying dollar is to find a neighborhood that is in transition. Called fringe or transitional neighborhoods, they are typically close to major metropolitan areas and were once neglected and less desirable. Is there a trendy restaurant where a tattoo parlor used to be?
These neighborhoods are now beginning to enjoy a new life and your goal is the find them.
Where are the latest hotspots in Vancouver? Give us a call to discuss and lets put a plan in place for your next investment property. Adam Chahl +1 778 385 6141