Asked by RP, Santa Clara, CA • Wed Jul 21, 2010
With a budget of around $500k, we (married working couple with no children yet) have started to research for a 3Bed 2Bath kind of houses, preferably condo/townhomes, just because they are easy on maintenance (please correct me, if I am wrong). We are looking to own a house from investment point of you, also to avoid throwing away money in rent. I had below few Qs & welcome your expert suggestions.
1. Is it the right time to buy? I feel improvement in market (atleast in bay area), looking at zillow/trulia charts and hope to get in at the correct time.
2. We dont have schooling in mind yet, but is considering high API school districts worth the extra money? How much does it contribute to its resale value, if I plan to live here for like 5-6 years?
3. I was considering homes built within 2000-2010, but they come at their own expense. Speaking for bay area, are houses built before 2000 high on maintenace or does it matter?
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