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Updated over 6 years ago on . Most recent reply
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House hacking: upper versus lower end of my budget?
Most Popular Reply
I would tend to agree with @Stephanie P. -- Worst house on the best block.
As others have said, you don't want to be totally at the max budget wise. If a unit needs a new toilet, garbage disposal, painting, roof, boiler, etc., you don't want to sweat it.
As you get closer to Boston appreciation has to enter the equation versus consistent, reliable cash flow. That being said, I wouldn't bank on appreciation -- there are plenty of A+ apartments coming online in Boston.
I tend to like areas where people want to live versus have to live. Finding new tenants, management and justifying improvements is also easier in an area closer to the city.
Finally, if you self-manage, who do you think you'd do best managing? "Young professionals," grad students, established professionals and families all have different priorities and concerns.