A longtime real estate professional in Monterey, CA, Nader Agha has been involved in residential, commercial, and industrial real estate projects for over four decades. He is the founder of Agha Construction, a real estate firm that focuses on real estate property ownership and management. Given his extensive involvement in real estate transactions in California and beyond, Nader Agha is well versed in various real estate analysis techniques, such as neighborhood analysis.
Neighborhood analysis helps real estate investors in discovering the best locations to invest in based on key parameters, such as real estate analytics and data comparisons.
The best way to perform a neighborhood analysis is to visit the area in-person to obtain first impressions which are vital in decision-making. For instance, you can drive around the neighborhood both on weekdays and weekends in the morning and evening to get a general perspective of how people live and interact with each other.
Other key issues to investigate about a neighborhood include how residents commute to work and back home, the general economic condition, community activities, and the time and frequency that people visit markets, cafes, and other social amenities. Also, be sure to investigate whether residents are employed or in business. Finally, analyze data on foreclosures to get an idea of the people's (and the community as a whole) economic status and capacity to remain as part of the neighborhood.
