New construction in Longfellow Kansas City
Hello - I'm under contract to buy a new construction home in Longfellow Kansas City. This will be a primary residence, 5 bed, 3100 sqft or so. I chose this house in this neighborhood because it's close to downtown / Country Club Plaza, comes with a 10yr tax abatement, and with a lot of development going on in downtown KC, the property value will likely appreciate in the future. But I'm having a second thought. For the same price, I'm also able to buy a newer (2-3yr old) construction house in the Plaza area and also in Prairie Village but with 2/3 of the space and without tax abatement. I don't have kids and my workplace is in the Plaza, so I don't have to be in a good school district, but I do want to live in a new/newer construction house and want this house to be a good investment. This will be better in terms of cashflows (I'd save $10K+ in property taxes, could potentially rent out the 2 bedrooms in the basement) but the location is definitely inferior to Prairie Village/Plaza. I'm going against the 3 rules of real estate - location, location, and location.
Any thought on Longfellow neighborhood, and this particular house as an investment? I already paid my earnest money and not sure what I can do about that but any thought on the long term return potential on the neighborhood is appreciated. Thanks.
Most Popular Reply
Location wise I'd say it's similar to the Plaza and Prairie area. You are right by Crown Center and many other amenities. It really comes down to preference. Long term either of the locations would have the same outcome