Will the neighbourhood go up in value?


When you purchase a home, you’re hoping it will continually go up in value

— just like a good investment.

However, there’s something else that you want to see go up in value as

well: the neighbourhood. In fact, the neighbourhood plays a key role in what

the home will be worth in years to come. If the neighbourhood goes down in

terms of desirability, so will the market value of the home.

That’s why, when shopping for a new home, it’s important to get a feel for

the value of the neighbourhood, and whether or not it’s on the upswing.

How do you do that? One way is to simply take a walk. Look at the

properties. Are they well maintained? Is the landscaping groomed and

attractive? Those are signs of “pride of ownership” — a clear indication that

owners value their homes and the neighbourhood.

Another way is to do some research. Has crime gone up in the

neighbourhood? Are there improvements planned, such as new parks? Is

the neighbourhood attracting the kind of people you want as neighbours?

How does the neighbourhood school rank?

Some of this information may be difficult to get on your own. A good

REALTOR® can help you. So Give Me a Call today.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.