Would you ratther buy a house in a crummy area or a nice area ?
Which one would you rather buy
House A
Is in a crummy area (Bad Schools, High Crime) with longer commute to work and would cost more to commute to work but the house has heated flor in master bath and is 2200 Square feet
House B
2000 Square feet lower crime area cheaperr to commute to work and less commute time but it vintage but the schools are far better and the crime is lower.
Rent Back Fast
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June 25th, 2010 at 6:03 am
House B, obviously.
June 25th, 2010 at 7:54 am
uhh?? really? House B has all positives and house A has all negatives. This is not a hard decision.
June 27th, 2010 at 1:01 pm
The three most important factors when buying real estate are:
1. Location
2. Location
3. Location
I don’t see heated floors anywhere on that list.
July 1st, 2010 at 12:04 am
Even with the lousy economy we are in, a home is still a long term investment. If there is any upside at all to the bad area (example..crime rates going down, the area is getting better), then you could think of it as a long term investment.
However, House B you dont have to fear for your safety. Who cares about a heated floor if someone stabs you on it. Lean toward house B unless the future upside outweighs.
July 2nd, 2010 at 12:12 pm
Obviously House B. You can’t change the neighborhood… you can always change the house.
July 5th, 2010 at 11:46 am
Just tell your husband you want house B and he gets to pick out the next new car.
July 8th, 2010 at 6:24 am
House B NO DOUBT!! House A will be much harder to sell when you get sick of the crime! You can always update the house over time.