Tennessee is getting hotter for real estate investors. That comes as no surprise, especially because we are talking about one of the fastest-growing states in the country.
A dynamic job market, lower costs, and friendly neighborhoods are only a few of the reasons people are falling in love with a specific part of Tennessee – Chattanooga.
We understand how it’s hard to decide which part of this city suits your needs and is best for investment. Since we are a friendly Chattanooga company, we want to help you pick the right area for your construction project. Discover the crucial factors for deciding where to buy land in or near our city.
Set your budget
Whether you buy land in Chattanooga or another city in Tennessee, you must start your journey with a clear budget.
However, land buying and construction can come with unpredictable costs, whether it’s administration, unforeseen issues with the land itself, or simply bad weather. When you set your budget, try to make room for those unpredictable extra costs. In other words, don’t put all your eggs in one basket.
What are your goals?
The next step is determining your goals. The Chattanooga neighborhood you choose should depend on your plans for the future.
- Why do you want to buy land? Do you want to build a house and resell? Maybe you want to settle down and start a family-oriented life?
- Do you want to build a property from scratch or buy land that already has foundations? Do you want to live in a rural environment or downtown?
Such questions will help you pinpoint your perfect location.
How? Well, each neighborhood is suitable for different types of homeowners. Some areas are better for buying and reselling property while others are ideal for raising a family.
The characteristics of the neighborhood
After you clear up your vision of the future, it’s time to investigate the characteristics of the neighborhoods you like. The key factors you should consider are:
- Access to schools, hospitals, and markets
- Road availability
- The area’s safety and past-history
- Zoning and local building codes
- The neighborhood’s style
For instance, if you want to spend more time in nature, scout areas that are close to the parks, rivers, and mountains. Or, if you plan to raise kids in Chattanooga, look for lots that are close to schools and bus stops.
Chattanooga neighborhoods
We recommend taking a closer look at these neighborhoods in Chattanooga:
- Collegedale / Ooltewah – rural suburban areas with Class A properties. Suitable for investing in student accommodation and apartment buildings.
- Downtown – an urban area with a rich and diverse culture. Most properties near the river are Class A, but you can find from Class A to E throughout the area.
- East Brainerd – a nearly half-hour drive from downtown, this area is ideal for raising a family since it has higher quality schools.
- East Chattanooga – A less expensive alternative to Downtown Chattanooga, this area is suitable for settling down and exploring career options.
- East Ridge – accessible through highway, this location is a good match for a variety of homeowners. It has Class A, B,C, and D properties.
- Hixson – rural and close to nature, this area is a dream come true for people who enjoy outdoor activities. it’s also accessible through highway.
Other areas you can explore are Lookout Mountain, North Georgia, North Shore, Red Bank, Signal Mountain.
Ask for expert advice
Chattanooga can satisfy many types of landowners. However, the diversity can bring confusion. If you can’t make a decision, ask advice from experts. A Chattanooga building or design company can help you find the perfect property. One that will match your budget, needs, and future plans. After all, nobody knows the area like local contractors.
Contact Chattanooga’s favorite builders today! We are always here to give advice and help you get a step closer to your dream home.
