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Utah Real Estate Q&A Discussion Forum
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Updated over 5 years ago on . Most recent reply

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17
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6
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Charlie Galaviz
  • San Jose, CA
6
Votes |
17
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What’s your opinion on the Midvale/Murray area?

Charlie Galaviz
  • San Jose, CA
Posted

Thinking of house hacking a new build by 700w 7200s in the Midvale/Murray area. It has a new shopping center, top golf, a golf course, and tech companies. Do you think this is a good place for a 2bd/1bath basement rental? I’m fairly new to Utah, so I’m curious what locals think of this area.

Most Popular Reply

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7
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3
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Spencer P.
  • Rental Property Investor
  • Salt Lake City, UT
3
Votes |
7
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Spencer P.
  • Rental Property Investor
  • Salt Lake City, UT
Replied

I don't know a ton about that specific part of town so I will let others chime in but I will say that your logic seems sound.  As with any new build in an area experiencing growth, you're probably not making your money on the "buy".  I would suggest that you have a plan to hold that property at least for a few years. A buyer would not want to pay the same for a 1-5 year old place as they would to build new and get to make all of the decisions and have something be new.  If you're planning on househacking that means make sure that you like the area and can see yourself there for at least a few years.  

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