Where you live has only to do with your lifestyle and your ability to afford - market timing should not have anything to do with where you live. If you want to upgrade in Winchester the only financial considerations are- how long are you going to be in your next place and do you have enough equity to move - rates are outrageously good so if you have equity and you WANT to move its not a bad time to do so. The lower price that you will get on your home will be reflected in your buy as well... more
Shirley, Does the City offer incentives to help you revert it back to a single family, or is it a zoning benefit to the neighborhood (which increases property values)
There are many things to consider.
Do you plan on contractors or will you do the work?
Do you have a bnuget for the conversion or an idea of what you really want to do with it when you do 'take it back' to Orignal.
I am on a city board that has a couple of people that buy these for reversal to single family, for profit.
If you need a few questions answered , let me know, I can put you in touch!