That's a tough question. Typically home values are based on a basic concept of supply and demand. If there is limited supply, then usually that increases demand. When there's more demand, prices go up. BUT...if the houses are in poor condition, and neighborhood is "sketchy" then maybe there's hardly any demand, and prices will drop. Unfortunately, some neighborhoods just tend slip away...due to various reasons.
I used to live in a great neighborhood with lots of families, but slowly the homeowners moved away (for various reasons) and many turned their homes into rentals. (because they couldn't sell at at the time). Renters often don't take care of a home, so places started to look like crap. Prices go down. Which attracts lower income people. Which tends to attract more crime.... and it becomes a snowall effect.... more
It seems anti-America to permit the type of things that limit homeowners and buyers from having to incur such a burdensome system of inequity. However, local, home rules pervails. Make sure if buying in cities with "point of sales" similarly to Maple Heights, make sure you have funds to cover repairs and ro leave comparable funds in escrow.
Funds are not dispensed until all of the violations are inspected and approved which may pose a real hardship on buyers and owners with limited funds.
Do not expect to receive your escrow deposit unitl the work is completed. That is just the way it is!... more
They go over EVERYTHING?!!! If your missing a light switch cover, to flooring, cement, windows, I mean EVERYTHING. If you are purchasing the home, the buy must escrow the rehab amount with the city,then pay the contractor, then get inspections to get your money back.... more
Hi. We just moved from Maple Hts. We loved our house, haven't tried to sell it yet! We enjoyed our neighborhood (on the west side like Granger Road) and liked being close to just about everything (20 minutes to downtown Cleveland, 35 minutes to Akron, 15-20 minutes from Cleveland Hopkins Airport, close to public transportation, close to malls, etc.). We lived in a 3 bedroom home and we have 3 girls and a boy. Not nearly enough room. I would say that with the newer buildings, a new mayor, a great school board, and a very supportive community, it is a good place to think about moving as a young family. The new pool is great and a good draw. Community supports schools, government, and businesses.... more