For St Cloud Neighborhoods 4 Features Warrant Scrutiny

For St Cloud Neighborhoods 4 Features Warrant Scrutiny


Every serious house hunter is aware that the St. Cloud neighborhood surrounding any house has a significant effect on its ultimate value. It follows that the future of a neighborhood will have a measurable impact the future value of the properties in it.

Part of the reason not much emphasis is given to this factor is the difficulty of gauging a neighborhood’s future prospects. That’s especially true for homebuyers who are new to the area. Yet there are ways to scrutinize neighborhood characteristics for indications that augur well…or which point to a future which might not be headed in the right direction. Here are four such factors:

  1. Incomes. Strong average household incomes are indicative of more than just the current bankrolls of the neighbors. Higher incomes are good bellwethers for households likely to maintain attractive landscaping—and to make future renovations to their properties.

  2. Home price histories. For properties currently listed in the same neighborhood, noting their online price histories can reveal more than just an upward trajectory—most homes in St. Cloud (indeed, almost everywhere in Minnesota) are now showing growth. The relative size of those price rises can reveal the most up-and-coming neighborhoods.

  3. Schools. Good schools attract the kind of family-oriented homeowners who tend to create attractive neighborhoods. There are two corollaries, too: first, the best schools are more likely to remain top-rated. Second, schools that are known to be rapidly improving are more likely to reward the properties in their area with better than average value appreciation.

  4. Rental ratio. Since homeowners take more pride in their property’s appearance than do tenants, a higher owned-to-rented percentage usually corresponds with a neighborhood’s likelihood of better-than-average value appreciation.

A number of other factors can impact a neighborhood’s future: safety, proximity to employment opportunities, walkability, or even evidence of remodeling activity and new construction—they are all indicators. Another reliable way to evaluate St. Cloud neighborhoods is to team with a knowledgeable veteran St. Cloud Realtor®—one who knows our area top-to-bottom. In other words: give me a call!



Bird's Eye View of Three Houses

Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota. We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in: 

Five Office Locations To Serve YOU!

St. Cloud      320-259-4554
Princeton      320-983-3555
Maple Grove 763-565-2000
Hutchinson   320-455-9127
Litchfield      320-298-1140

Premier Real Estate specializes MANY areas around Central MN including St. Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, St. Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, St. Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center and more! 


Noel Johnson Headshot
Author:
Phone: 320-980-3100
Dated: September 3rd 2019
Views: 116
About Noel: Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten ...

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