Several factors contribute to how properties are valued overtime, and one of them is the neighborhood.
The neighborhood cuts across the immediate environment, its reputation, the types of structures around, the facilities available and so on.
As more people are becoming aware of the importance of a great neighborhood for raising families, there is now a changing demand for housing.
For instance, more people want to own homes in great neighborhoods, and this new demand is driving up the value of properties in some of these neighborhoods.
Investors are aware of this too, and everyone is on their heels to own something in a great neighborhood.
Don’t you think you should do the same?