Yeah, announcements are definitely tricky. I've seen plenty of folks get excited about promised upgrades only to end up frustrated when things stall out. Honestly, you're probably better off focusing on stuff you can directly influence—like keeping your property in good shape or smartly updating key areas. Infrastructure plans are nice bonuses if they pan out, but banking your home's value on city hall's promises...that's a gamble I'd rather not take, personally.
You make a good point about not banking too heavily on city promises, but sometimes those infrastructure upgrades can seriously boost value. When our neighborhood finally got the promised park after years of delays, home values noticeably jumped. So, it's not always just wishful thinking...
True, parks and upgrades can definitely bump values, but how often do those promises actually pan out? I've seen plenty of clients banking on a new school or transit line that just never materialized—or took forever. And even when they do happen, timing can be tricky. Ever tried convincing an appraiser that "someday soon" the city will build something great nearby? Good luck with that...
"Ever tried convincing an appraiser that 'someday soon' the city will build something great nearby? Good luck with that..."
Haha, exactly. I've seen clients get burned waiting on those "promised" developments. Better to base decisions on what's actually there now rather than betting on future maybes... safer for everyone's sanity.
safer for everyone's sanity.
Exactly. Learned this the hard way myself—bought a place near a "future park" that stayed an empty lot for years. Lesson: always value based on what's actually there, not what "might" happen someday... saves headaches and cash.
