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Updated about 5 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Billie Chen
  • Lender
  • Houston, TX
3
Votes |
9
Posts

Share your experience on choosing single family home!

Billie Chen
  • Lender
  • Houston, TX
Posted

Hello,

TIA if you can help me here. I'm deciding between two SFH. One is in good condition. Nothing needs to be done. Its valued at $170k. The second one is 20 years older and needs about $15k of work and not to mention possible electrical and plumbing issues. It's $155k. They are both near highways in up and coming areas. About 20 min from each other. I want to live in the house for couple of years then rent out. Keep in mind, I'm not a handy person. I can't even plug in a hammer!! 😁 the first house is more cookie cutter. The second I can put personal touches. How should I evaluate this besides the money upfront? I'm also comparing them by schools, tax rates, lot size etc. Please share your tie breaker strategy! Thank you!!

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