4 Tips to Identify the Next Hot Neighborhood | Trulia Tips

How do you find those soon-to-be hot spots? Local price increases are the most obvious indicator that a neighborhood’s popularity is on the rise. But by the time prices skyrocket, it’s usually too late to beat the buyer wave and get the most bang for your buck.

Instead, if you’re looking for the next up-and-coming community, check out these helpful hints. For instance, keeping tabs on commercial development, home renovations and local crime are great ways to start scouting the next “it” neighborhood.

1)Look for Popular Commercial Projects

When you see neighborhoods with ample commercial projects under construction — think Chipotle, Whole Foods and Starbucks — you’re likely looking at an area on the rise. Think Pilates studios, funky bars and coffee shops. All of these venues are trendy staples these days and they hint at an upcoming wave of buyers.

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