The riskiest real estate move is to buy the absolute best home on the worst block. Paying top dollar for a fully renovated home in a bad location could present serious financial consequences. You may never gain any equity or fully recoup your investment, even after years of living in the home. That’s why this type of purchase is best suited for long-term, experienced investors.
Some markets are stronger than others today, and it’s nearly impossible to give blanket market advice across multiple markets. But these theories hold true across any neighborhood, school district or block no matter the market. If you are a buyer, keep these in mind as you consider the investment side of your purchase.