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Top Agents

Let’s get you home

  • Home
  • About
  • Selling
    • How We Help Sellers
    • Home Worth Assessment
  • Buying
    • How We Help Buyers
    • Find Your Dream Home
  • Property
    • For Sale
    • For Rent
  • FAQ’s
  • Contact
Top Agents

Let’s get you home

  • Home
  • About
  • Selling
    • How We Help Sellers
    • Home Worth Assessment
  • Buying
    • How We Help Buyers
    • Find Your Dream Home
  • Property
    • For Sale
    • For Rent
  • FAQ’s
  • Contact

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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?

By

admin

Posted in On May 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?

Agents

Adam Anani

adamanani@gmail.com
613-878-2627

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1079 BLACK CANARY DR

A lavishly built high-end modern masterpiece that offers the perfect…

Bedrooms
6
Bathrooms
4full 1half baths
Area
5,100
Sold, Total Properties

1,699,000$

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