Hello.
I am trying to take advantage of grants to buy a first home in the city. PreApproved for 250K, but i would like to stay under 200K, probably more in the 150k-180K range.
I need to merge my desire for the home to be an "investment first" (i will live in this home a few years and then rent it) with my girl friends demand for a fully finished highly livable home.
The homes in the up and coming areas like Remington and hampden are not to her liking at that price point (not updated).
Canton has some homes we both like, but they are on the smaller side at my price point, and i suspect i am buying at the top of the market here (remember i want this to be an investment)
Charles village and Baltimore street side of Patterson offer inexpensive homes, but area has crime and home values are tredning poorly. Highland town seems to have nice homes that are overpriced for the market.
What do you all think of Greektown? Ryan Homes is building a project down there making me think the neighborhood is primed for growth and i can get a nice home for 150K-170K.
I'm down to 2 choices at my price point: a small updated row home in either Fells or Canton, or a larger updated home in Greektown. There is a third choice of hampdenor Remington if that is an overwelmingly better choice. Which is a better investment? Thanks!
