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I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

Por

claudiosa

Postado em Ligado Mai 02, 2015

If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)

Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.

Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

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Rogério Cordeiro

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Rogério Cordeiro

imobiliariafatimacordeiro@hotmail.com
+351 917 096 901

Fátima Cordeiro

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Apartamento T2 situado em Cacilhas, inserido prédio com elevador

NOVIDADE – NOVA ENTRADA A Fátima Cordeiro Imobiliária tem neste…

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2
Casa de Banho
1
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71,71

173,000€

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