Where would you buy for home value appreciation Bronx Ny or CT

Question

Why would be the reasons why you would recommend me to  buy a 1 family in Bronx NYC, as opposed to  PA or CCT ?

The main reason I am considering Bronx NY  is that I think  the house value will appreciate higher in the next 10 years versus PA or CT, is this bad thinking on my part

What steps would you recommend for me take to help me make a decision on whether to buy in Bronx NY or CT based on what area would give me the biggest appreciation in house price value in the next 5 - 10 years

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Brandon Rush · Answer

Hey Edwin,

I am from NYC but live in CT currently. A lot of this will come down to how much money you have and your long term goals. If you are flush with cash and can buy homes outright or with large down payments, NYC may be a better option for you. Generally speaking, homes in NYC will appreciate more than homes in CT. The reason why many NYC people invest in CT is because of the cashflow properties here can produce with your typical 25-30% down payment. I personally do not know much about the PA market, so I cannot speak on that.

I know that does not fully answer your question, but just wanted to jump in where I could.

Good luck!

Brandon Rush · Answer

The best appreciating market in CT is Fairfield County (Aka the stuff closest to NYC). They are also the most expensive in CT as well. Many investors who invest for cashflow tend to move closer to the middle of the state (Hartford County).

Edwin De leon · Answer

Thank you, you have confirmed for me that properties in NYC appreciates more than CT so by any chance what areas of CT properties tend to appreciate more and commands higher rents