Home Buying in 19134>Question Details

Bonn, Home Buyer in Philly

Kensignton19134 Area-Looking for opinions

Asked by Bonn, Philly Sun Jul 20, 2008

I drove by in Kensigton Area for the first time after 10 years. It seem like lot of changes in positive direction. Especially around Allegheny L stop. Would it be smart decision to buy from that area (19134) now? When I look ...I see potential but I may be wrong... I like to hear diffrent opinions from people who observed the area. Thanks.

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Bonn,
you can still find some good deals in Kensington. Even though I've seen prices increase over the last two years, there are still some finds, even though they are not as frequent as they once were. Walk the block. If you are comfortable, a perspective tenant would be. If you are not comfortable, a tenant probably would not be either. I have seen some folks get in trouble because a property manager has predicted some extraordinary rent. Before buying an investment property, verify the rent numbers. Not only must the house be able to justify the rent, so to must the neighborhood and the tenants.
Web Reference: http://www.jprescue.com
0 votes Thank Flag Link Mon Aug 11, 2008
Bonn,

Whenever, I am looking to invest in a property, I take in consideration of the location (Blocks around the Property), the Building Condition, and my gut feeling for the potential. It would be best for you to start taking a drive or walk around the neighborhood and see how you feel. Fishtown has been updating a lot in recent years. For more information you can view my website or contact me directly.
0 votes Thank Flag Link Thu Jul 31, 2008
Kensington can still be pretty rough in most areas.
I would only buy in Kensington where it most closely borders Fishtown. I believe this will be your best opportunity to benefit from the renaissance, for lack of a better word, that Fishtown is going through.
For that matter, why not buy in Fishtown? While some areas are overpriced, it is still possible to find a good deal in this buyers market. For demographics & crime stats on the areas, visit my site scott2sell.com & click on the neighborhood statistics link at the top of th page.
Web Reference: http://www.scott2sell.com
0 votes Thank Flag Link Sun Jul 20, 2008
Kensington has already improved a lot and certainly has a lot of appreciation potential depending on the block and so forth. However, there are still a lot of rough sections depending on the block and so forth. You can get a nice property for the price. For more helpful hints, please visit our website below. If you have any questions or need advice, contact us from our website. We have several buyers agents that specialize in Kensington (19134)
0 votes Thank Flag Link Sun Jul 20, 2008
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