I’m interested in purchasing a property in Sunnyside, Houston and am curious of more information of the neighborhood.
Is this a good investment area? I’m planning to live in the residence for a year and then rent it out.
For strictly investment purposes. I notice the neighborhood still has a lot of work to do. How long until this area is increases in value, I notice a lot of development.
Thank you in advance
Hi Eric, As a Realtor, I must advise you that no neighborhood is categorically safe. That said, you may want to just go Google it. I will drive through there but will not spend the night. I had a friend just stop for gas and got shot.
Investing in an area is about anticipating its future direction and matching that with a current price point that represents value. You are essentially looking for potential, for diamonds in the rough. An example, the heights is a "good" area, but it is fully valued with a high $ entry point. I invest in the Heights, Bellaire and Sunnyside. They all fill different needs in my portfolio. It's a matter of what you are trying to achieve and what you can afford. I would not let a shooting impact your decision, shooting and car jackings happen in all parts of the city including wealthier areas. In 1991, the area now known as the museum district was a bit rough, crime was present, prices were low. Today, a different story, someone ignored the warnings and anticipated the change and today sit on pure gold. My advice; Do your homework, partner with knowledgeable people, be responsible a developer (make the neighborhood better).