Buy the best house in a regular area or buy a regular property in a luxury, high end area?
The same budget, should you buy the best property in a regular area or buy a normal property in a luxury area, high end area?
I am Morning Lee, actually, it all depends on it’s investment or home and what you really want. At the end, I will analysis a very confusing topic your purchasing is home or investment, cause for home buyers also want treat it as investment.
Absolutely not the best in any area, even not on the same neighbour hood, or on street.
Cause you are the standard for sales price for this area. You are not even living there, you don’t need show off, or feel social value like pride or proud
If your property is the middle one or cheapest one in this area, it’s easy to sell it at very high price in the future, cause there is a standard one.
If yours is the best, come on, it’s not easy to make another historic record, not only for athlete, it’s for house price as well.
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Buy what ever you like according to kids, school, work, view, shopping, neighbour hood, comfortable
If you want to stay low, regular property
If you want to show off to your neighbour or friends, best property in regular area
Luxury area, if the property you feel not comfortable, don’t buy it, cause you don’t like it.
But I must remind you, for specific period, you will have different requirement, for example, you have kids, you probably need think about school. But latter after they graduated, you can sell this and buy another one for your new requirements
Home or Investment
Home for sure if you can not tell
So think about what you want and what you like first