Ask just about any real estate agent to list the three most important things a property should have, and you’ll likely hear: “location, location, location.” That phrase has been in use at least since 1926, according to The New York Times, and is just as relevant now as it was then.
Is there a neighborhood that you are longing to get into, but the price of your dream home is out of reach? How about finding a house in the area, within your budget, that will benefit from renovation and sweat equity?
Whether you start with just a few simple changes that create more curb appeal, or decide to gut the entire home at once, fixing up a home in a great neighborhood will give you the best return on your investment. Conversely, you can buy a beautiful home that doesn’t need any work. But if the block is sketchy or just plain bad, you could have a hard time selling the property at a decent price. Click to read more
