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The Real Estate Broads of New York

Aug 19, 2021

Organic supermarkets, Broadway, restaurants that everyone knows vs hip bodegas, experimental art, and newer cafes. Everyone wants to live there vs some people who don’t even know where it is. Living off the 1,2,3 vs the K, G, or Q lines. Today we are talking about how to pick a neighborhood with a focus on established areas vs more up-and-coming neighborhoods and what to consider when sorting through all of it.

There are so many things to think about when picking a neighborhood. You want to consider work, enjoyment, things you like to do in the neighborhood, and what your daily needs are. Think about what’s most important about where you live so that you can focus on that. We all live differently so you want to flush it out.

Balancing personal happiness versus making money means you have to know what’s most important to you. Up-and-coming neighborhoods typically appeal to people who are willing to go without all the services that more established neighborhoods have. Typically you will make more money on a property if you buy in an up-and-coming neighborhood and sometimes it’s only a few years before it becomes more popular.

If you decide to live in a more established neighborhood you can still make money on your purchase as those values go up too so if you don’t want to be a trailblazer that’s fine too. Think about how this neighborhood is going to work for you.

We always advise you to walk around a new neighborhood that you’re not familiar with at different times of the day. Go there on the weekend as well as during the week so that you can see if you feel comfortable.

Prioritize your list of what you want in a neighborhood and know the order of importance on that list so that you can make sure you get what you want.

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