When buying property for oneself... what is more important

[Ilona Kovacs]

Hello All!

I need some advice for buying property for myself (resident occupied).

I am in the process of looking at condo's and I want to know what is more important to look at the price or the tax rates?

I know that the higher the tax rates, the better the school district, but we have no kids so I don't care about that. But what else?

What is happening is that I can find a good priced condo in Stamford, CT but the area is not that great, but the taxes and HOA is low as well.

While in other areas, like New Rochelle, NY or Great Neck, NY, the prices a bit higher but the taxes are way up there?

If I look long term, would it make more sense to buy at a higher price and "better" school district? if I want to rent out the property or sell it at some point?

Any advice would be great!

Thanks!

Ilona

[James Wise]

Even if you don't have or plan to have children yourself do not discount a good school district. The high qualifty school district will be your friend when it comes to re sale value.