{"id":8582,"date":"2015-11-13T14:59:01","date_gmt":"2015-11-13T14:59:01","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=8582"},"modified":"2015-11-13T14:59:01","modified_gmt":"2015-11-13T14:59:01","slug":"buying-the-worst-house-may-be-best","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/buying-the-worst-house-may-be-best\/","title":{"rendered":"Buying the Worst House May Be Best"},"content":{"rendered":"

Buying the Worst House May Be Best<\/h2>\n
\"Buying<\/a>

Buying the Worst House May Be Best. Image courtesy of Poulsen Photo \/ FreeDigitalPhotos.net<\/p><\/div>\n

Home buyers are wise to take careful note of the houses around them before they make an offer on that picture-perfect home. Buying the most expensive house in the neighborhood isn\u2019t always the best strategy. Sure, they\u2019ll have bragging rights, but your buyers may need to be informed about some challenges during resale. After all, unloading the priciest home on the block and seeing an increase in equity isn\u2019t easy.<\/p>\n

\u201cA lot of buyers forget a home is an investment,\u201d says Brendon DeSimone, a real estate expert and author of \u201cNext Generation Real Estate.\u201d\u00a0\u201cThe world changes. Things happen fast. People transfer, people lose their jobs. Now imagine yourself as the seller of that home.\u201d<\/p>\n

With the nicest home on the block, home owners who do any upgrades \u2013 even minor \u2013 may be doing a larger mismatch between their home and the surrounding homes.<\/p>\n

By considering the home as an investment, buyers will look at homes that leave some room for improvement and that will allow them to build equity and hopefully even pay it off when they do sell.<\/p>\n

DeSimone goes to the other extreme and actually recommends to his clients buying the worst house in the best neighborhood.<\/p>\n

\u201cYou can add value on your own,\u201d he says. \u201cIf you\u2019re choosing\u00a0between an awesome house in a crappy location or an awful house in a great location, I would choose the latter.\u201d<\/p>\n

Improvement doesn\u2019t need to entail a total renovation either. DeSimone says just regular maintenance, refreshing the paint, and making minor repairs that the previous owner ignored could add to the home\u2019s value. On the other hand, if the home is already priced well-above the rest of the neighborhood, even minor changes in those pricey homes won\u2019t likely make much of a difference to the value.<\/p>\n

\u201cBuy a bad house,\u201d DeSimone says. \u201cAt least\u00a0you can improve the interiors and make it more valuable. If that neighborhood doesn\u2019t\u00a0actually \u2018up-and-come,\u2019 your\u00a0expensive home is already as viable as it can be.\u201d<\/p>\n

Source: \u201cWhy You Should Never Buy the Best House in the Neighborhood,\u201d realtor.com\u00ae (Nov. 5, 2015)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying the Worst House May Be Best Home buyers are wise to take careful note of the houses around them before they make an offer on that picture-perfect home. Buying the most expensive house in the neighborhood isn\u2019t always the best strategy. Sure, they\u2019ll have bragging rights, but your buyers may need to be informed … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[],"class_list":["post-8582","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","item-wrap"],"yoast_head":"\nBuying the Worst House May Be Best - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/buying-the-worst-house-may-be-best\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Buying the Worst House May Be Best\",\"datePublished\":\"2015-11-13T14:59:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/\"},\"wordCount\":390,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/11\\\/ID-100218116.jpg\",\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/\",\"name\":\"Buying the Worst House May Be Best - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/11\\\/ID-100218116.jpg\",\"datePublished\":\"2015-11-13T14:59:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buying-the-worst-house-may-be-best\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/11\\\/ID-100218116.jpg\",\"contentUrl\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/11\\\/ID-100218116.jpg\",\"width\":400,\"height\":265,\"caption\":\"Buying the Worst House May Be Best. 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