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Updated almost 5 years ago on . Most recent reply

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Should I buy the biggest house on the block?

Lawrence Michael
Posted

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

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Twana Rasoul
#1 Starting Out Contributor
  • Real Estate Agent
  • San Diego, CA
1,218
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Twana Rasoul
#1 Starting Out Contributor
  • Real Estate Agent
  • San Diego, CA
Replied

@Lawrence Michael big house = big renovation costs

  • Twana Rasoul
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