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How to identify a neighborhood with potential for a real estate investment
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[QUOTE="Alexandoy, post: 198529, member: 25510"] When we were scouting a home there was this village in the suburbs that we chanced upon. My wife and I agreed that it was a nice village although there are many improvements needed. The roads are not paved and even the areas by the village gate are grassy and no structure. Come to think of it, when the grassy field is developed and the roads get paved the value of real estate would shoot up. That was one of the reasons why we insisted to buy a home in that village. Even when our first deal did not push through we did a search again until we finally found our dream home. This time we were able to buy for 1.6 million pesos. After the years the grassy expanse gave way to a commercial center and the roads are now concrete. There were many developments because the main road is a commercial zone. Our property is now worth 7 to 8 million pesos. [/QUOTE]
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