Bigger May Or May Not Be Better In Real Estate
Is it better to purchase a smaller house in an exclusive neighborhood or a larger home in a less desirable area? Is there a correct answer?
Well, it depends. Some only want a specific community and are comfortable with that smaller home in what they perceive as the "better" neighborhood.
Others with sizable families and special needs, priced out of their desired neighborhoods, need to find the most affordable house in the most suitable area.
From my experience selling unique properties, I find that some want that unusual, exciting home, and location is not the first priority-it is the actual house that is important. After all, they are living inside the house. And when they find that architectural gem, they go for it.
One of my buyers wants the biggest affordable home that money will buy. Size is her only criteria, not style or amenities.
When asked for advice like this: Do I buy a small home in an exclusive area? Or do I buy a larger, more affordable home in another zip code?
My standard answer: It depends.
Who is asking the question? How well do you know your buyers?
And how would you respond?
Thinking about buying the right home
Call Margaret Rome
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