Should I buy a new home in an ok neighborhood or an older home in a good neighborhood?
Posted By admin on February 27, 2010
mateou93 asked:
I am in Gainesville, FL, which is an ever growing town due to the University of Florida. I am newly married and looking to become a first time home owner. My price range is 120K-175K. I really have 3 options:
I am in Gainesville, FL, which is an ever growing town due to the University of Florida. I am newly married and looking to become a first time home owner. My price range is 120K-175K. I really have 3 options:
1. I can get a house kind of in the ghetto (which the city is trying to restore) for 135K and fix it up.
2. I can get a nice house but built in the late 70′s for 170K in a neighborhood that has almost doubled in value in the past four years.
3. Buy a brand new house for 150K, but it is on the outskirts of town.
Anyone with some real estate background have any thoughts? Thanks for your help in advance! 
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