The Chester Realty Group LLC

  • Home
  • Property Types
  • Programs
    • First Time Home Buyers
      • Homeownership & Credit Counseling Workshop
      • Ready to become a homeowner
    • Credit Restoration
  • Sale-4-Cash Now
  • Ready to Buy
  • Rent
    • Looking-for-Rental
    • List-to-Rent
  • Avoid Foreclosure
  • Relocate
  • About Us
  • Contact
1-305-894-9361
Submit
The Chester Realty Group LLC

  • Home
  • Property Types
  • Programs
    • First Time Home Buyers
      • Homeownership & Credit Counseling Workshop
      • Ready to become a homeowner
    • Credit Restoration
  • Sale-4-Cash Now
  • Ready to Buy
  • Rent
    • Looking-for-Rental
    • List-to-Rent
  • Avoid Foreclosure
  • Relocate
  • About Us
  • Contact
1-305-894-9361
Submit
Looking for certain features

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

Chester Realty Group

Posted in On May 2, 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?

Recent Posts

  • Impact of COVID-19 on Real Estate
  • Top 20 Reasons to Visit and Buy in Martin County
  • Top 20 Reasons to Visit and Buy in Palm Beach County
  • Top 20 Reasons to Visit and Buy in Broward County
  • Top 20 Reasons to Visit and Buy in Miami

Categories

  • Luxury
  • Uncategorized

Featured Properties

Featured
View Property

Villa on Grand Avenue

Spacious and fabulous home in prime location. This executive style…

Bedrooms
4
Bathrooms
4
Area
9350 Sq Ft
For Rent

$4,750 Monthly

Featured
View Property

Home in Coral Gables

Elegant retreat in a quiet Coral Gables setting. This home…

Bedrooms
4
Bathrooms
4.5
Area
3800 Sq Ft
For Sale

$850,000

About Us

The Chester Realty Group strategically forms partnerships to provide a home for every person, business, real estate investor and developer.

Read More

Contact Us

Address: 7451 Riviera Blvd. Suite #211, Miramar, FL 33023
Email: info@chesterrealtygroup.com
Phone:  (305) 894-9361
Fax:  (305) 894-9361
Cage: #8E4SO
Monday – Friday 9am – 5pm

Quick Links

  • Home
  • About Us
  • Contact

Copyright © 2020 | The Chester Realty Group LLC | All rights reserved.

|

Designed by Digital Korbax LLC