My SO and I (and our one young and other child still in the oven) just had our offer accepted on a new home. There were multiple other offers in for it as well. We bought our current home a few years ago as our first one knowing it was not checking all the boxes for a forever home so to speak, but weren’t sure when we were going to try and move.
Anyways, this new home we just got is only about 7 min drive from our current home. It’s in the same school district, checks all the boxes, and it was a great deal for what you get for it. My SO has known the sellers since childhood. We are planning on staying in this area long term.
The only minute reservation about it was the neighborhood. The old neighborhood is surrounded by homes of similar value -ish (say current home is maybe 580k in a neighborhood that would range from 350s-700s) . The new home is the nicest in the few block span (750k in neighborhood with homes more in 300s-400sk). The people who we are buying from put a lot of updating and love into the place while they lived there over 15 or so years and left as their family aged out of it.
Both are very safe neighborhoods in a nice school district, away from main roads, etc but one is just more solidly middle class than the other.
We decided to pull the trigger because it is in a central location that’ll be great for our kids as they get older while having all the space and amenities we could ever want, but that school of thought about buying the best house in the neighborhood just is nagging me.
Does it matter if you are planning on staying long term? Are there other drawbacks to doing this aside from understanding your home is less likely to increase in value?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1v7weao/seeing_posts_about_best_house_in_the_worst/
Comments
Post a Comment