Home Buying in Manayunk>Question Details

John, Other/Just Looking in Fort Washington, PA

Is there any information available on the desirability of sections within Manayunk area of Philadelphia? If

Asked by John, Fort Washington, PA Wed Feb 18, 2009

buyiing as a rental property, are some areas considered better than others in terms of rent or potential appreciation?

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John, Thehob has given you great advice. It will be easy to rent if it is near transportation.
Web Reference: http://www.gitabantwal.com
0 votes Thank Flag Link Mon Feb 23, 2009
If you are buying in a specific neighborhood, no "areas" would be better than others, but the location of a property is always a consideration in any area you purchase in.

If you are considering different neighborhoods or areas for your potential investment, you want to consider the community amenities to determine which might be preferential to others. You would also want to look at what is called "pride of ownership" - how the people that live in the area maintain their homes and the common areas. Usually properties that are close to or convenient to things like shopping, transportation, community services (playgrounds, museums, etc) in areas that are well maintained with low crime rates will bring the highest potential rentals.

Appreciation is a completely different issue, though it is impacted by the all of these considerations as well. Since appreciation might be impacted by outside influences such as new developments and employment gains or losses, it is probably not the best thing to consider when buying. Luckily our marketplace is a pretty stable marketplace, and if you keep the basics in mind when buying, and the area and the home have solid (rather than speculative ) value, you'll probably make out very well.
0 votes Thank Flag Link Sun Feb 22, 2009
In agreement with Thehob. Closer to the main strip and 76 for rental properties, the better. One thing to consider, if it's available, is to purchase a unit with/near off-street parking. Good hunting!
Web Reference: http://GMACproperties.com
0 votes Thank Flag Link Thu Feb 19, 2009

In my opinion, all of Manayunk is pretty desirable. However, from a rental standpoint, I would suggest looking at properties close to the train and the Main Street bars. The higher you go up in the hills the less convenient those properties become. The top of the hills are beautiful and are great from an owner-occupant. If you are looking to rent to the 20/30 something crowd though, close to the nightlife and the train is, in my opinion, the better bet.

Thanks Maureeen for your suggestions too!
0 votes Thank Flag Link Wed Feb 18, 2009
Hello John, I'd like to help. Give me a call.
Prudential Fox & Roach REALTORS
653 Skippack Pike, Suite 200
Blue Bell, PA 19422
Office: 215-542-2200
Fax: 215-542-2222
My BLOG Real Estate Matters} http://maureen-mccarthyrealtor.blogspot.com/
Professional profile} http://www.prufoxroach.com/agentoffice/agentsearch_results.cfm
Website}: http://www.prufoxroach.com
0 votes Thank Flag Link Wed Feb 18, 2009
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