Homeownership is the average American’s greatest chance to accumulate wealth.
One way to capitalize on that is to buy in a neighborhood that’s likely to appreciate in value dramatically. The classic example in Chattanooga is the Southside, where prices ballooned over a decade.
Here are the indicators a neighborhood really is “up and coming”:
The neighborhood is surrounded by other desirable locations like parks, hiking trails, shopping, etc.
Natural boundaries and a unique culture clearly define the neighborhood.
The neighborhood is friendly to pedestrians who like to walk and bike.
Eateries and other cultural venues are close by.
There is abundant evidence of restoration and/or new home building as you drive through the neighborhood.