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It’s All About Neighborhood


It’s All About Neighborhood

Consider buying a home that is appropriate within the context of other homes in the neighborhood. If you are in an area with one-of-a-kind designer homes, individuality is the norm. But if you’re the one home that is heavily remodeled and expanded in a neighborhood of modest tract homes, you are unlikely to get the full value out of your home when it comes time to sell. There is an old adage in real estate that suggests the best purchase is the modest or small home in a more expensive neighborhood. The homes around you will pull up the value of your home rather than pulling it down.