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Updated over 4 years ago,
Should I buy the biggest house on the block?
Investors...not sure how to advise my client. Looking at a home listed for 650kish 2500 sqft and a 4/2.5....Huge lot 10k sqft. Comps selling for 680-750k with less beds (3) Sqft 1300-1800 with lot size of 8kish (Hope I provided enough info).
It is by the far the biggest house. It is liveable but in need of major upgrading.
I guess my question is.....Is buying basically the biggest house on the block a good thing because obviously we want to rehab and list for much higher than what the neighborhood is selling for?
Thank you everyone