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Updated about 7 years ago,
3x2 Brick vs 3x1 Siding ... Help me decide
OK, I have two homes. A 3x2 brick house and a 3x1 vinyl house. Both are similar in square footage and lot size. Both are about $75K asking.
The 3x2 brick is in good shape and nice inside. Already flipped.
Notes
- It needs a new roof
- It's not in a neighborhood that is a good prospect for appreciation
- Not a bad neighborhood or unsafe or anything, it's just older houses and stuff
- The neighbor has two big dogs that are outside on electric collars. Kinda scary, will need to buy privacy fence
- The neighbors look fine, drive ok cars, but their porches are a bit junky
The 3x1 is also already flipped and in good shape.
- Only 1 bathroom
- Vinyl, a little older but in great shape
- Does not not need a roof and has a new AC unit
- It is on a busy road, but it's in a much much nicer part of town. There are some really nice houses near it, nothing too old or run down.
I think a bathroom could be added to the 3x1 pretty easy (would lose a little kitchen) and really up the value of the home through improvements.
Not sure which would rent easier? The 3x2 with sketchy neighbors, or the 3x1 with good neighbors and a better location.
If you could buy ONE of these which would YOU buy?