Thoughts on new homes in older neighborhood?

Question

I am seeing a lot of new homes near Downtown that are good for the price and have great potential but they are in older neighborhoods. Are these good investments?

Diego Alvarado · Answer

There are many factors to look at. Are those neighborhoods growing? What is the expansion plan from the city? How home values appreciated against other neighborhoods?

Then it is important to know what is your investment strategy, risk tolerance, and time that you are going to dedicate in the game.

Thoughts on new homes in older neighborhood?

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