Bigger Isn’t Always Better!
Everyone’s drawn to the biggest, most beautiful house on the block. But bigger is usually not better when it comes to houses. There’s an old saying in real estate: don’t buy the biggest, best house on the block!
The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell. Keep in mind that your home is only going to go up in value as much as the other houses around you. There are a ton of other reasons why you shouldn’t do it: your home may not appraise at the value you are hoping for or you will struggle to find a buyer and I can list a bunch more but I see you’re getting the picture.
The home you purchase will have long term ramifications including your happiness as well as long term appreciation.
Let’s put that in prospective:
If you pay $245k for a home (Yes, in Springfield Mo the current average sale price is at $173k) and your neighbors pay $150k to $180k, your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the biggest house.
If you or someone you know has one of those homes that nobody wants please let me know. We have a pool of investors that would be happy to write you an offer and the best part is that 99.9% of those deals as bought in as-is condition!
Let’s chat and go over details!