Finding Property Gold In Less Desirable Areas

by 55+ Active Adult Community -Founders' Ridge 12/01/2019

If you’re looking for the perfect location to live but can’t quite afford the neighborhood that you’re vying for, a good option is to look for what’s deemed a "up and coming" neighborhood. These areas are where buyers can find the perfect house in a place where property values are only going to increase in the coming years. Buyers may feel that this is a gamble. How can you really tell if a neighborhood is one of these areas? There are a few vital signs that you can find below which show a city or town is on the up and up.


New Concept Businesses Are Moving In


If you hear a new grocery store is going in an area, co-working spaces, or vegan restaurants are coming to town; it’s a good sign that the neighborhood is going to be a happening place very soon. Think organic, Millennial minded ideas that are trendy. The key is to find the things and places that people want most. If you can move into one of these areas before it becomes popular, you have struck property gold. 


Public Transportation Is Nearby


In any urban area, being near public transportation is a huge plus. Being near any major transit is great for property values. Even homes near major routes are attractive. People will always want easier access to work and the things they need.


Think About How An Area Is Perceived


Cities across the country have flipped from having negative connotations to being an area of luxury. It happens slowly, but it starts with how desirable people believe the area to be. What’s considered “hip” can really affect the way an area is perceived.


Are The Homes In The Neighborhood The Same?


There’s often much potential in neighborhoods where all of the homes have the same design. If you see homes in a place where properties could use some TLC, it may be an opportunity for you. Other buyers or house flippers may have the same idea. It will be like a domino effect, and the neighborhood will turn around quickly.  


How Long Have Homes Been On The Market?


If houses in an area have been on the market for an extended period, it could be an opportunity for you to get a bargain. Buyers may shy away from a home just because the area is less than ideal. Your real estate agent can help you to determine places where homes have been on the market for awhile.           

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55+ Active Adult Community -Founders' Ridge

Set on a picturesque hill and centrally located in the desirable Westfield Section of Middletown, Founders’ Ridge is a New 55+ Condominium Community of up to 75 Ranch and Cape Style detached homes.  Named for the Founding Fathers and Mothers of Middletown, each model bears the name of one of our town’s founders – The Allen, The Martin, The Cornwell, and The Whitmore to name a few. 

Attractively priced from $319,900.00, our homes range from approximately 1200 Sq. Ft. to 2250 Sq. Ft.  Our models offer 2 – 4 bedrooms, attached 2 car garages, natural gas heat and AC, city water and sewer and all underground utilities.  Standard features include wood kitchens with granite tops, stainless steel appliances, tiled laundry and baths, hardwood in living areas, paver patios or decks, paved driveways and professional landscaping.
Founders’ Ridge offers a unique agreement with adjacent Ascentria Care’s Luther Ridge, private apartment living for residents age 62+.  Residents of our community have access to meeting and game rooms, and even dining opportunities (for a small fee) all of which are accessed via quiet, peaceful walking trials connecting both communities.

Centrally located on the Connecticut River, the City of Middletown boasts amenities for any lifestyle.  Residents may take advantage of The Institute for Lifelong Learning at Wesleyan University as well as various other university community activities.  The active Middlesex Historical Society offers additional programs such as museum exhibits, walking tours, and re-enactments among its many events.  Wadsworth Mansion offers a summer concert series and our river and parks offer a wonderful opportunity to explore the outdoors.  Also located in the downtown area is Middlesex Hospital, affiliated with the world-renowned Mayo Clinic, Middlesex offers quality medical care and world class technology.  

We would be remiss if we did not mention our thriving Main Street, famous for award winning cuisine at over 30 restaurant locations, and a Downtown Business District boasting over 40 shops for unique purchases and window shopping and a calendar full of events, performances and more.  Don’t forget about the newly opened RJ Julia & Wesleyan Bookstore alive with frequent happenings and book signings by famous authors.  Our community truly offers something for everyone!