Take a look at your lifestyle... Lots of condo/townhome buyers/owners like the lock and go feature, no yard maintenance, amenities etc....
Hollywood Heights is a great little neighborhood, There are some other cute pocket neighborhoods that have really held their value ( one in particular is a little"garden home" community) ... You should look into some of those too.... remember location!!! We are so very fortunate here in Dallas... lots of great growth and development going on... extension of katy trail, Bush Library, Woodall park bridge, Calatrava bridges, strong growing hospitals .... I can go on!!! As far as your question concerning which one is a better investment, that s a loaded question!!! :-) how long of an investment are you wanting? what are your future plans? what type of deductions can you take advantage of? etc.
As you can tell, Mlm70.... specifics need to be narrowed down to custom fit your needs....
overall, general advise, Lakewood is generally a good area to purchase but finding something in the mid 200's is going to be difficult however not impossible.... we did find a good foreclosure for a relo client of ours but she didn't mind putting about 20k into it and now she has a total of 200k into a house that will appraise for 225k+, look by Baylor hospital but be careful on some of the 2000+ year built townhomes(take a good look at their quality of build, Katy trail is expanding and has been a great upside for the real estate around it.
Please feel free to give us a call and set up some time to talk further about your purchase if you would like.
Janelle Law and Nancy Guerriero
However it really comes down to what you are looking for:
Do you want land?
Do you want a yard?
How do you feel about maintaining a home?
I will say that I lived in Uptown for 3 years and loved every minute of it. However, when I was ready to buy I bought in the Wilshire Heights Neighborhood. It is in the M street lakewood area between Skillman and Abrams. It definitely has a different vibe than Uptown...more chill and laid back. Still a lot of fun!
Feel free to reach out to me if you have any questions on the area and if you need good watering hole or restaurant suggestions. Will be glad to give you the skinny!
Oh, and if you run or bike...White Rock Lake is much nicer than the Katy Trail and less congested!
Love the area have many clients who have purchased or leasing in the area. I use to be a former resident of M street, Lakewood
Contact my office if I can offer further assistance
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
The thing that you have to factor in on the HOAs is what is included for the fee. If all exterior maintenance, landscaping, Insurance ( and on some security and concierge services) is valued for what it would cost you if you paid these items individually then the HOA may be a good deal. If the management part of the HOA fee is high then most likely you are going to get hosed the whole time you live there.
So, on HOA fees it boils down to what do you get and how much is being paid to a management company in fees of what they collect. Remember that you are buying a lifestyle when you buy a condo.
If you like contemporary, I've got a gorgeous one for you priced under $350k with an HOA fee of only $200 a month. It's not my listing but I'd love to help you hammer out a great deal.
3. Yard Size
4. Who handles repairs
5. Floors 1 vs 2 or 3
6. Proximity of neighbors
To search homes in the Lakewood and Hollywood Heights areas, just click the link below.
which is increasingly popular (large lots) (Lakewood has small lots) and you can get a pretty nice property for under $ 250 K in many areas. These are all factors you must consider in deciding where to purchase. Hope it helps - and if you'd like professional representation - don't hesitate to call me -
as I am an Accredited Buyer's Representative.
JAY NAREY ABR, ALHS
Keller Williams - Preston Rd.
You are purchasing the condo for your home.
And you are also buying into the HOA.
The money that goes to the HOA does pay for items.
Each one is different. Most the time, it covers a blanket insurance
on exterior. Exterior mainenance which is scheduled by the HOA,
and sometimes water, trash and sewer.
The HOA charges are most the time out of the control of the owners.
So, if you are hesitant now, then probably a town home, or zero lot home
would be better. You are in control of the expenditures.
If you would like me to email you properties, let me know your
Kathleen Testa, GRI