Author: GoBankingRates
Searching for a new home can feel like treasure hunting. You clearly envision your ultimate reward: a cute ranch-style house with ample yard space or a single-family home in a great school district.
Like any treasure hunt, you might have to overcome some traps and pitfalls – looking through some houses can make you feel like Indiana Jones, chased by a giant boulder. But if you’re willing to look beyond your initial treasure map, you could find some hidden gems of properties.
While you may have a list of neighborhoods in mind, Sarah Strohschein, a real estate advisor with Engel and Völkers, encouraged people shopping for homes to expand their horizons. Despite a neighborhood’s look or feel now, it might be a future hub of culture or business.
“Properties … that have the potential to be hidden gems are those in overlooked areas or neighborhoods, less desirable neighborhoods adjacent to already established and thriving neighborhoods, and up-and-coming areas that have plans for emerging industries or revitalization,” said Strohschein.
