Should I invest in a town house when nearby area is under development?
89847
not sure how anyone could advise you to buy based upon an online description. without seeing the property that is downright silly. the real estate market is currently at or near a top based upon all available data. read the newspapers, mortgage rates are going higher, sales are down, builders are offering big incentives to buy... that is usually the sign of a major slowdown.\n\ndon't know where you are located, but i would proceed with caution. the buildings across the street could overshadow your intended purchase and make your property worth less to a potential buyer down the road. i would never buy across the street from unknown construction. what happens if they don't finish the project and leave a shell across the street that scares people away. what if they build something that is ugly, or creates traffic problems. \n\ndid you check out how many town house units are owner occupied or rented to others? that is a major factor. renters don't treat the property the way an owner does.\n\nyou have much homework to do. good luck
1118954
you might want to get your real estate license first this will help you understand your local market better and the more you know the less risk you will have when making investment decisions. look at the city and state tax repossessed homes that will be a good place to start. i don't know where you live but if it is on the coast or the gulf this ship has sailed for a while but if you are in the middle somewhere you can still turn a profit. look for run down places that look deserted look for land on the out skirts if the good side of town this is a great place to invest for the long term.
353989
Consult a reputable real estate attourney to find out...
570017
Maybe. It depends upon the local real estate market. It also depends upon your definition of Investment. Are you looking at paying cash for a home there in the hopes of seeing the price go up in order to make a profit? OR are you looking to pay cash for this home to Live in either full or part time? I would hesitate if you are looking at using it as an investment vehicle. Most of the time Real Estate is a Liability with Maintenance, insurance, utilities, Property Taxes, association dues etc... That exceed the annual appreciation of the value of the property. My question to you is Do YOU REALLY NEED 2 houses? If not, put your money elsewhere to grow. Unless you are looking to purchase property in one of the few areas that are involved in states of Hyper-Inflation of property values, your money is better invested elsewhere and you can use it at any time to buy property where you want to live. Examples of these are the Ridiculously overpriced Condominium market in Florida and the WAY overpriced houses in Southern California. I believe that these growth rates are unsustainable and many people are going to lose their shirts there eventually. \n  Point is I would need alot more information to make an educated answer to your question beyond Maybe.
894523
Why wouldn't you invest locally???I live in New York State and i was actually thinking of investing in a few houses in Houston area of Texas. You still have decent home prices. Houston is one of the largest cities in US. Job growth is expected to be around 7-8%. The only two drawbacks i see is high taxes (around 6-9000) and oil dependend economy.
773865
yes. Interest rates are low. There are less buyers on the market, which gives you an advantage. Anxious sellers and developers/builders are offering many different incentives. Ask about them. The problem with waiting until Spring or Summer is that there are going to be more buyers and you will have a little less negotiating power.
734166
You can contact some local real estate agents in those areas they will have an idea about it..Good Luck!!
627180
Well right now it's starting to become a buyer's market. Houses are not selling like hotcakes right now. They are staying on the market longer. This is an advantage for you because prices can be negotiated in your favor. I would wait a few more months and see where the market is then because it hasn't quite changed totally.
309291
Are you sure that these towns are that bad?  People often pay pretty high prices to buy these houses.  I do agree that they often do not match the rural character of the farms nearby, but people need somewhere to live.\n\nThere is a balance between providing housing and preserving farmland.  The economics of farming these days mean that you need huge amount of acreage and low property taxes to be able to stay in business.  If development is allowed on the land, a lot of times it will not make sense to keep farming and a farm community will turn into another exburb.
178546
I wouldn't say it's risky but you will pay a pretty penny if you buy in lands or beaches already developed such as tamarindo in guuanacaste. if you look to areas that may get more infrastructure in the future then you can probably get a better deal but will be a little off the beaten path for a little while.
409861
now a days best investment for an n r i is buying land only.\nbut u have to buy secured land only
142220
I live here and I would say; Sure if you have $500,000 you would like to spend on a small 3/2 in a so so area, come on over, its great here.  The sun always shines and you can see it through the smog most of the time.
52706
Location, location location!!!  For some, that can mean being at the center of things.  Perhaps near schools and shopping centers and recreational parks.  For others that may mean a secluded shaddy street.  Some want convenient transportation or good roads.  There is also a theory that the less expensive of two poorly matched houses will be the better bargain.  If one house is worth say $400,000 and the house next door is worth say $150,000, any improvements to the lesser house will tend to increase its future sales value, dragging it up.  But improvements to the expensive house may not be recovered.  This is especially true if most of the houses are expensive.\n\nHousewives will want a good kitchen layout with lots of cabinet space and the bathrooms should be modern (unless charming in an old fashioned way).  Men will want a structurally sound house with a good roof and room to store tools in a large garage of basement shop, since maintenance will probably be their major concern.  There are available professional engineers who can inspect a house and determine whether any major repairs are necessary.  Realtors should have a list and they can be hired after the house is locked up (by an option or honest money?) but before the final decission is made and obligated.
358268
It's difficult to answer your question without knowing where you live.  If you don't live near your properties, it's going to be a challenge keeping up on repairs and tenants.  Look for properties where you live now, or within a reasonable driving distance.  Good luck!
293819
Obviously a condo or townhouse is easier to maintain, that's why you pay association fees, so the maintanance is done for you. \n\nWhether which is better to invest in depends on the location. In large residential areas, usually a house has more appreciation value.
809731
Having the possibility, generally, it is better to pay cash and avoid repaying the interests of a mortgage...however, if you have just enough to buy the property, you might consider  paying 80% of the value of the house and getting a small loan. By doing so you would have some money saved for a rainy day...which you could put into an ISA and make up for the interest that you pay on the loan....
213300
Do not sit and wait for something that is possibly only a figment of someone's imagination.  Plus the area that you are in may not apply.  Also, when this happens, it is very possible that interest rates on mortgage are going to start going up quite rapidly.  Buy now.  Most areas are experiencing a buyers market.  Now is the time!!!!\n\nIf you would like lending advice, go to www.americanhm.com/timothy.kaz ee and there is a ton of info on there.  Plus you can even apply online.