Skip to main content

Which townhouse would be better long-term (family + resale value)?

I’m deciding between two townhouses in LA and could use some advice. Both are in the same school district.

  • Townhouse A (mid 600s, ~1450 SF, 3 bed / 2.5 bath):
    • The interior is pretty dated, would need a major renovation.
    • Has a balcony next to the living room.
    • The master bedroom is very spacious and comfortable (a big plus).
    • The entrance layout is a bit funny: the front door swings toward the neighbour’s door. Once I step outside, there’s a small landing area. From there, I have to go down a short stair to the common walkway, then take another stair down to reach my garage. So it’s not a direct or private path.
    • Located in a quieter area overall, but about a block away from the open trench train tracks. Trains pass through and sometimes honk.
    • The park is about a 10-minute walk away.
  • Townhouse B (low 700s, ~1400 SF, 3 bed / 2.5 bath):
    • Interior is mostly fine. The kitchen is a bit dated (would need renovation), and the living room is on the darker side (downlights would help).
    • Bedrooms are smaller, but still workable.
    • Has a connected basement garage with direct stair access to the home, plus a laundry room next to the garage.
    • Double front doors that open directly to the outside, which I like.
    • Downsides: it’s in a busier, noisier area compared to A.
    • Walking distance to Target, which is convenient.
    • The park is only about 2 blocks away.

I don’t have kids yet, but I plan to in a few years. My main goals are:

  1. A layout and location that will work for family life.
  2. Good resale value down the line, like 10 years later

If you were in my shoes, which townhouse would you lean toward, A or B? The down payment will be around 270k. I can spend another 40k on renovation. Would like to hear from you guys. Thanks!

submitted by /u/TheyCallMeBigAndy
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1msl10k/which_townhouse_would_be_better_longterm_family/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...