When shopping for a home, of course, you want to get the best property your money can buy. But sometimes, buying the best house on the block isn’t the wisest option. One smart real estate tip suggests buying the worst house on the best street. What does this mean and is it sound advice?
As a homebuyer, it’s a good idea to find a neighborhood that fits your needs – the right price range, close to work and schools, community activities, etc. For example, purchasing a home that is in need of some minor repairs, but is located in a desirable area may be a smart buy because as you make renovations or upgrades, the home will increase in value, like the other homes around it.
Finally, when buying or selling a home, it’s important to work with a knowledgeable and experienced real estate professional that will provide you with the information you need to make the right choices.