whitney_logo
  • About
    • Company History
    • Team
    • Careers
    • Waterloo Region
    • Recent Transactions
  • Properties
    • Commercial Properties
    • Residential Properties
  • Services
  • Reports & Insites
  • Contact
  • News
Menu
  • About
    • Company History
    • Team
    • Careers
    • Waterloo Region
    • Recent Transactions
  • Properties
    • Commercial Properties
    • Residential Properties
  • Services
  • Reports & Insites
  • Contact
  • News
SEARCH PROPERTIES
SUBSCRIBE

I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

By

wr-admin

Posted in On May 02, 2019

If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)

Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.

Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

Contact Whitney & Company

103 Bauer Place, Suite 2, Waterloo, Ontario, Canada

519.746.6300

info@whitneyre.com

Featured Properties

No Featured Property Found!

company

  • About
  • Services
  • Team
  • Careers
  • Waterloo Region
  • Contact

Properties

  • Commercial Properties
  • Residential Properties

news

  • Reports & Insites
  • News

STAY IN TOUCH WITH US!

Subscribe to receive information on new listings, newsletters, reports and more.

SUBSCRIBE
Whitney & Company Commercial Real Estate logo

WHITNEY & Company Realty Limited, Brokerage

103 Bauer Place, Suite 2 | Waterloo, ON | N2L 6B5

T: 519.746.6300  |  F: 519.746.0455

Instagram Linkedin Youtube

Subscribe to receive information on new listings, newsletters, reports and more.

Owning a home is a keystone of wealth… both financial affluence and emotional security.

Suze Orman
April 1, 2023 Saturday!
Whitney & Company Commercial Real Estate Services
  • Login
Forget Password?