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The Pros and Cons of Buying in Up and Coming Neighbourhoods

Real estate investors are always looking for the next up and coming neighbourhood. Why? Because if you can buy while it’s still cheap, the value of your house will eventually soar and you’ll make a great profit. The only problem with this theory is that no one has a crystal ball, and there are no guarantees that the neighbourhood will experience the kind of growth you’re expecting. If you’re thinking of buying in an up and coming neighbourhood make sure you weigh the risks versus the possible rewards. Consider the pros and cons before you take the plunge.Scott McGillivray is a real estate expert and host of HGTV Canada’s Income Property and Moving the McGillivrays.



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