Ruth, Home Buyer in Weiss

Whats a better area for resale and rental.....Mayfield Heights or Coventry???

Asked by Ruth, Weiss Thu Sep 13, 2007

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Answers

7
Cleveland Hts has some beautiful homes, like Joe just said - "spectacular" ..... but those $600 a month gas bills will kill you, and sadly, the neighborhood is changing ..

Mayfield Hts is a better idea because of the school system and it's more of a family oriented type of city with better security ... if you drive through Mayfield Hts on the east side and North Olmsted on the west side you really can't tell the difference ...


Good luck and happy hunting.!
2 votes Thank Flag Link Tue Jan 15, 2008
I am a Realtor with Howard Hanna Smythe Cramer in Shaker Heights. I have been in the business for over 16 years. I live in Cleveland Heights. Fair housing laws do not permit me to make statements about "changing areas", etc. but having lived in Cleveland Heights all these years, I will tell you that i love it. Isn't change good? We are selling houses here, and we are getting lots of buyers for the area - surrounding CHTS as well. I see no reason to decide NOT to buy in the Heights area. You get a very good value for your dollar, great cultural events, restaurants, close to everything, and fun places to visit. And, the best people - who all love the area as well. There is really crime everywhere, and it is certainly fearful, but i don't know where you could move that you wouldn't have something "wrong" - except to a mountaintop with the Dalai Lama!

I find it difficult to listen to everyone make these statements about Cleveland Heights without some type of response. I say buy in the Heights - both for yourself and as investment property. And, call me - I will give you a wonderful tour of the Heights - you will be impressed. You need to explore it yourself and talk to people in the city.
0 votes Thank Flag Link Fri Mar 7, 2008
Dear Ruth!
You may find a good deal in both cities. Rental activity is higher in Cleveland Heigts due to proximity to major hospitals, universitis, etc. Foreclosure rate is also higher... Mayfield has an excellent schools system. Average sales prices and sales volume were growing in both cities over the past 10 years. Both cities experienced decline in sales prices in 2007 in comparison with 2005-2006. Both cities have a pretty strict point of sale inspections which may make "the deal" less beneficial for investor. Your choice depends on your preferences and your target audience. Good luck!
0 votes Thank Flag Link Mon Jan 28, 2008
I have been looking for investment properties as well in Cleveland Hts and you are right the homes there are spectacular. Much charm and great architectural design , however, I feel the area is changing and it just feels unsafe. I am thinking twice about investing here..
0 votes Thank Flag Link Mon Jan 14, 2008
I have been looking for housing over the past month and saw some awesome Condos and houses in Cleveland Hts, The area has changed over the past 10 years since I lived there as a student, I was pleasantly surprised with all the renovation that has taken place with housing in this area. It is and was a great area to live in a, good return on the dollar as far as real estate is concerned. and really fun on Fri & Sat nights!! great eats!! I recommend this area .
0 votes Thank Flag Link Wed Dec 12, 2007
There are renters in Mayfield but as a former resident of Cleveland Heights I can agree with the above commenter; Cleveland Heights is a sought after rental area. Students, professionals moving into the City. I equate Cleveland Heights and Ohio City as hot rental areas on opposite sides of the River.
0 votes Thank Flag Link Sat Oct 13, 2007
Ruth
There are a lot more rentals in Cleveland Hts. Young buyers would prefer the funkieness of Covenrty'. Mayfield Hts more of a bedroom community.
Pete
Web Reference: http://www.petergreiner.com
0 votes Thank Flag Link Sat Sep 15, 2007
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