If you want to live in a neighborhood you consider “nice,” chances are you’ll have to pay a lot more for it than other neighborhoods. Some argue houses in less desirable neighborhoods not only save money but bring up values if the neighborhood is up-and-coming. If you’re looking for real estate for sale in downtown San Diego, consider the following points.
Your Dream House Might Be Cheaper Than You Realize
If you buy a fixer-upper in an undesirable neighborhood, you can have your dream home for a fraction of the cost. The problem is, you’ll have to work for it. Fixing up a home is a lot of work, and you’ll often find yourself frustrated. If you’re willing to tough it out, your efforts will likely pay off. Your finished dream home may even make the neighborhood more attractive to other buyers.
The Neighborhood Is Likely to Get Better Over Time
There’s likely no need to worry about the neighborhood getting worse, because chances are higher it will get better over time. If you’re an investor, you can have a part in this process by buying several houses in the neighborhood and flipping them to rent out or sell. If you’re looking for instant gratification, it may be best for you to invest in a neighborhood that’s already meeting all of your needs. If you’re concerned about things such as safety or property values, a better neighborhood might be the best choice for you.
You Don’t Need to Fix the House Up…But You Can If You Insist
If you’re prepared to spend more money up front, you may want to go ahead and buy a nicer home in a better neighborhood. You can still buy the worst house in a desirable neighborhood if you want a fixer-upper. You will then have a chance to save a little money without sacrificing your surroundings.
In years past, downtown San Diego might not have been the most popular place to live. However, constant improvements over time have made the area extremely desirable, and it appears things are only getting better. Get in touch with 92101 Urban Living to see the many attractive lofts, penthouses, and condos for sale in downtown San Diego. Call 619-649-0368 today to schedule an appointment. ')}