entrification comes from raised for things like schools
the root of the word for and roads, it might benefit them
“gentleness”, which isn’t too. If they must leave the area,
quite what we think of when we will the have safe places to go?
imagine ripping down quaint old Will the places be close by, so
homes and displacing lower income they aren’t so unfamiliar with
families. the area? Take a look at the
surrounding neighborhoods next to
But what about when the old homes the one you’re considering.
aren’t quaint so much as
decrepit? And what about when 2) Will the area go up in value?
your city has nowhere to go but Despite a lot of middle class
take over those (often more families buying homes, a
centrally located) areas or neighborhood has to be
expand into suburbs? What then? consistently improving for the
value to go up. Many times, this
In order to have a decent takes years. Reconsider buying
discussion about gentrification property in a gentrifying area
and to decide whether to buy in with the intent of flipping it
an area that is undergoing soon. It makes more sense to live
gentrification, let’s look at there for a while and get to know
some issues. your neighbors—this often makes
the gentrification process more
1) Will the families indeed be friendly and the area more
displaced? secure.
Though often older families can
not afford to pay the increasing 3) Is there anything else you
property taxes that come with an should know about the area?
area’s appreciation, many times Before you move anywhere—to a
they can. If the taxes are being neighborhood full of
millionaires, to a home in the happened in some areas like the
suburbs, or to a lower income Denver and Austin real estate
area—it makes sense to check the markets. Are the businesses
local crime statistics and school going up considerate of the needs
systems. Also, try and learn of new people living there as
about the history of the area and well as people who have been
the people who have lived there there for years?
before you. Get involved with
local businesses and see what can Make sure to try and make your
be done to make your new new neighborhood a safe and nice
neighborhood more economically place for everyone living in it.
secure for everyone in it. Sometimes this means
money—supporting locally owned
4) Will the area be full of shops and stores even though they
“smart” growth? may be more expensive—other times
If the neighborhood you’re it means time. Organize a
considering is having renovations neighborhood trash clean-up,
that maintain the integrity of spend time volunteering at a
the old and often historical local or literacy senior center.
homes, that’s generally a good Vote when the time comes to
sign. If many homes are being improve your area. And be
razed for condos, this might be a patient—good things come to those
cause for concern. And take a who try and put the gentleness
look at the roads—will a quaint back in gentrification.
little backstreet turn into a
major thoroughfare? This has
About the Author:
Sarah lives and works in Austin Texas. Working as a realtor in the Austin Texas Real Estate market. Escapeso Austin Homes is dedicated to providing its clients with honest and experienced advice when they are looking to purchase in the Austin market. If you are looking to purchase one of the new downtown Austin Condos or in an Austin neighborhood of older homes they can help you in your search.
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Ki Gray
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