Hillsboro,

Additional nformation would be helpful. But your challenge is to then be able to add the "Wow factor" to home number 2. If this can be achieved, this appears to be your choice.

Good luck,
The "Eckler Team"

Sun Jul 6 2008, 12:42

I go for WOW factor. There is some reason you like it and I think that might be the same reasons others will like it as well.

Having said that I think it is a good idea to get what you want and need. if you can turn the Home into a WOW home in the next 5 years than go that route. I believe all homes will be worth more within 5 years and so that is what I say in that sceario ...get what you want and need.

Location, Schools, access to work, safety....all very very important.

Best of luck and maybe you should make propoals on both and see who is offering the best sales value.

Best wishes;

Dirk Knudsen
ReMax Hall of Fame
#1 Rated ReMax team in Oregon

Sun Jul 6 2008, 11:54

Thanks for the response. it was quite helpful.
But I guess I initially asked the wrong question. I have posted a new query about the house.

Sun Jul 6 2008, 11:50

Sometimes it is important to look at the bigger picture and realize that you can easily incorporate the "wow" factor into the aesthetics of the home over the period of time that you live there. If the second home has greater square footage, and perhaps even a larger lot -- you can do better with the future appreciation. As far as your buying price, you can do even better as most buyers cannot really get past some of the properties that have great bones, yet don't really look all that cute. That's where you can save 10-15k off the potential purchase price when sometimes it be spruced up for only 2k. Big difference there in actual versus perceived value. I tend to recommend going for the bigger structure with slightly less desired aesthetics, then fixing up over time. But this isn't everyone's route, just one that I recommend exploring if you are alright with upgrading over time.

Sun Jul 6 2008, 11:10

My recommendation is to buy what best suits you, your lifestyle and your budget. Granted RE is an investment - but primarily it is your home. Buy the house that WOWs you! Your best return on investment is to keep it maintained, make updates, and enjoy it! If the home has a good layout and is well taken care of it will sell down the road!

Cricket Forsey
Keller Williams Realty
Portland Premiere
503-515-1217

Sun Jul 6 2008, 11:07