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Updated about 2 years ago on . Most recent reply

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Edwin De leon
  • Investor
  • bronx, NY
41
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265
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Where would you buy for home value appreciation Bronx Ny or CT

Edwin De leon
  • Investor
  • bronx, NY
Posted

Why would be the reasons why you would recommend me to  buy a 1 family in Bronx NYC, as opposed to  PA or CCT ?

The main reason I am considering Bronx NY  is that I think  the house value will appreciate higher in the next 10 years versus PA or CT, is this bad thinking on my part 

What steps would you recommend for me take to help me make a decision on whether to buy in Bronx NY or CT based on what area would give me the biggest appreciation in house price value in the next 5 - 10 years

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Most Popular Reply

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Brandon Rush
Pro Member
  • Real Estate Agent
  • Portland, CT
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Brandon Rush
Pro Member
  • Real Estate Agent
  • Portland, CT
Replied

Hey Edwin,

I am from NYC but live in CT currently. A lot of this will come down to how much money you have and your long term goals. If you are flush with cash and can buy homes outright or with large down payments, NYC may be a better option for you. Generally speaking, homes in NYC will appreciate more than homes in CT. The reason why many NYC people invest in CT is because of the cashflow properties here can produce with your typical 25-30% down payment. I personally do not know much about the PA market, so I cannot speak on that.

I know that does not fully answer your question, but just wanted to jump in where I could.

Good luck!

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