I am planning on selling my home in Las Vegas. I have 3 potential cities to move to - Phoenix, San Antonio, or Houston.
Houston seems to have a lot of great homes available, but obviously, some have been flooded. My current home is worth 175K, which is about what I am expecting to receive. I own it outright, no mortgage. My budget is about 100-110K, for a condo or townhouse, preferably townhouse, and will be paying in cash for the home. I'm 25, I have no children, roommates or SO. I plan to use the excess to pay off all my debts, relocate, go to school for a Masters degree, study for CPA exam and add finishing touches to the new home.
My question is, should flooded homes be considered? I found a few beautiful townhouses that seem to have been well refinished. I inspect the pictures carefully, inside and out, to see if there is possibly any lingering water damage (found a few with water damage still visible, auto pass). I have been using the interactive flood maps as well, to see where each house falls on the map. What else should I be doing to vet out homes, determine if it has been flooded, and to know if it has been repaired correctly? For the most part, I try to avoid any homes in the 500 year flood plains, and don't even consider a home in the 100 year flood plains.
I know Houston is a bit of a riskier market than others, but I'm feeling game about it. I bought my first condo in Las Vegas 5 years ago for 80K, and more than doubled my money, through upgrades and general market growth. I think the market in Houston will grow in the next several years, as the history of Harvey is put behind us. Since I have no other obligations, am young and can freely move, I'm willing to take a chance for a few years. I'd like to leave this hellhole known as Las Vegas behind. How can I pick a healthy home in Houston? What's the best way to go about it?
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source https://www.reddit.com/r/RealEstate/comments/cwt67o/want_to_purchase_home_in_houston_need_advice/
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