Home Buying in Baltimore>Question Details

Andre Ethier, Both Buyer and Seller in 21224

Buying across the street from renovated apartment buildings, will it be hard to resell?

Asked by Andre Ethier, 21224 Sat Apr 5, 2008

How big of an effect do apartment buildings have on resale value? There is a property that I am considering that is right across the street from a small apartment building that have been renovated very nicely, maybe 5 or six units at the most. However, it is a historic (1908) building in a historic area of Baltimore (Reservoir Hill). Is that a deal breaker, does it severely hamper resell value?

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I can only respond to my own experince with this situation. I currently have a home for sale that sits across the street from a row of townhomes. Been on the market for 6 months now. Home sits in a well established neighborhood with other homes on that side of the street. All the townhomes are rentals and all are on the opposite side of the street. They are clean and renovated. Over 90% of my feedback forms listed they loved the house but hated they had townhomes across the street. I think it can have an affect on resale. But at the same time I still believe there is a buyer for every home. Someone will come along and not see the townhomes or in your case the apts as a negative. If the value is there and you like the property I say buy it. You have the added bonus of the overall historic community in your favor.
1 vote Thank Flag Link Sat Apr 5, 2008
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