5 Things to Look for in the Next Great Place to Live

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Searching for the next hot neighborhood is easy with these tips from Coldwell Banker on LXTV Open House.

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Imagine getting into the next hot neighborhood before the prices skyrocket. Residents in NYC’s SoHo, LA’s Venice, and Miami’s Wynwood neighborhood know that living in a city’s trendy area is worth a lot. What does it take to spot the next up and coming area near you? In this segment of LXTV Open House, Mary Kae Higgins, associate broker with Coldwell Banker Reliable, gives us 5 things to look for in the next great place to live.

The next hot spot is often an affordable, but formerly unnoticed neighborhood. A great example is Bedford-Stuyvesant in Brooklyn, from where this segment comes to us.

So, what should you look for in the next hot neighborhood?

  • Cultural aspects – If business owners are willing to invest in the neighborhood, that’s usually a good sign. Look out for art galleries, trendy restaurants and cafes popping up.
  • Unique architectural design – Does the real estate have a particular look and feel?
  • How fast things are selling – Is real estate moving quickly? If that brownstone sells in a day, it usually means that the area is in demand.
  • Proximity to mass transit and business centers – Convenience is key. Is there a subway, bus stop and grocery store within short walking distance?
  • Closeness to other hip, trendy areas – Trendiness is contagious. Follow the artists and young professionals to their next new landing spot.

Victoria Keichinger is the Vice President, Brand Marketing for Coldwell Banker Real Estate. When she's not managing national media and advertising for the Coldwell Banker brand at work, she finds herself most at home in Jersey City, NJ with her pre-school crush turned spouse and son. A true Francophile, she loves to travel and will go anywhere there are ski slopes.

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8 Comments

  1. 5 Things to Look for in the Next Great Place to Live | Earl Forbes Blog
    October 17, 2014

    […] post 5 Things to Look for in the Next Great Place to Live appeared first on Coldwell Banker Blue […]

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  2. 5 Things to Look for in the Next Great Place to Live | Elouise Margita's Blog
    October 17, 2014

    […] post 5 Things to Look for in the Next Great Place to Live appeared first on Coldwell Banker Blue […]

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  3. 5 Things to Look for in the Next Great Place to Live | My Website
    October 17, 2014

    […] 5 Things to Look for in the Next Great Place to Live […]

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  4. 5 Things to Look for in the Next Great Place to Live | Patrick Lim's Blog
    October 21, 2014

    […] post 5 Things to Look for in the Next Great Place to Live appeared first on Coldwell Banker Blue […]

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  5. Friday Favorites | Tammy Knows Real Estate
    October 24, 2014

    […] are 5 things you should look for when considering your next place to […]

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  6. Ashley
    October 18, 2015

    Wondering if you have any homes for rent around the $600 range

    Reply
    • Lindsay Listanski
      October 19, 2015

      Hi Ashley, contact us at customercare@coldwellbanker.com with the city and state you are interested in and we can look into that for you. Thanks!

      Reply
  7. Mercedes Martin
    January 15, 2016

    I am looking to find a home with my section 8 voucher but at this point I am tired of having no luck. I only make $530 a month. I am a veteran an with the stress from the possibility of almost being homeless every month I think it is time for me to get up and get back into the world of working. I believe that if I put the stress of buying a home on my back it would push me to do what I need to go in the directions that would put me in a more successful mind frame. I know it may sound trivial to some, but so did Albert Einstein, Isaac Newton and Etc… to others. I am reaching out for help to see if you may help me in any way shape or form. Please. Listing of any sorts, rentals, advice whatever. Thank you, even if it was just to have someone read my inquiry.

    Reply

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