HedwigTramp Posted November 25, 2008 Share Posted November 25, 2008 If you are interested in appreciation, buy as much dirt "in the Memorial villages" that you can afford. Lot size will mean much more at a resale, and and fact you do NOT live in Houston is a strong selling point. I have steadily seen the Massive rebuilds move north thru-out Piney Point into Hedwig, and now has jumped I-10 (especially into Campbell Place). I bought in Hedwig in 2001 with one priority...get as much dirt as I could afford. I bought a 3/4 acre lot and then "over-remodeled" a 1950's ranch. The location is excellent - end of a private road and a creek runs along the back and south side of my property (no flooding.My "Dirt" is now worth 3 times what I paid for it. Unfortunately, my "over-remodeled" house will probably be leveled by whoever buys the land.Another secret... When buying an investment in a gentrifying area (actually Memorial never significantly declined), buy on a street with the smaller homes/large lots. These will be the first to be attacked by the developers. When I moved into my home, my street was appraised 20-30% less than the surrounding streets because of the older, smaller homes. Now I am surrounded by new 6-8 thousand foot houses that sold for 2+ million. The surrounding streets had very nice homes that made the lots too expensive for the builders. Link to comment Share on other sites More sharing options...
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