Hi Alexandra,

You have a great question and I can understand why you might be a bit confused about what your best decision might be. Take a risk with a property in a questionable area and wait for the appreciation to happen or consider buying something else.

First: It is never a "good bet" to speculate on the future of any area that does not have strong signs of prosperity. This is especially true when you are making such a large purchase. Although the area may end up producing a good return, it sure has not shown any worth while indication of turning so far. Additionally, your best return will never be from a residential property that is near a busy street. When you buy a home, be sure you get all of the "ownership rights" - including the right of quiet enjoyment.

My suggestion is to keep looking. Find a property and a community that shows pride of ownership already exists. Don't bet on any neighborhood turning around. What if it does not turn? Then, what you did is to buy someone else’s problem. You will know what a problem you have when it becomes your turn to sell.

I would be happy to discuss this further with you if you llike.
Bill Kosena, ABR, CRS, SRES 303-796-0957
RE/MAX Masters, Inc.