What would be a best strategy?

4 Replies

I know I have posted similar questions before but my husband and I are still going back and forward about where to buy. Scenario- would you buy a 1800 sq ft  house in Congress Heights (or Hyattsville) for $280-300K or a 900 sq ft in Deanwood/Benning Road area for $380-400K? Both are close to metro and renovated. We know the growth is faster and the taxes are lower in DC but the monthly payments will be higher. What would you do? What are the pros and cons in your opinion? Thanks! 

I feel I've answered this before.

Hyattsville is all over the place in PG County. I would buy a fixer upper in the Hyattsville closer to Route 1. It's becoming the affordable Takoma Park. I'd avoid eastern Hyattsville, where the sidewalks are non-existent or cruddy. Pros: Let's say West Hyattsville is closer to more amenities and can tap into the University of Maryland student market, without having to be in College Park. Cons, taxes.

I've got friends who've moved to Deanwood. Deanwood has been up and coming for so long the "up and coming" label has expired, It is what it is. Like it for what it is now. 

Originally posted by @Karelyn Cruz :

I know I have posted similar questions before but my husband and I are still going back and forward about where to buy. Scenario- would you buy a 1800 sq ft  house in Congress Heights (or Hyattsville) for $280-300K or a 900 sq ft in Deanwood/Benning Road area for $380-400K? Both are close to metro and renovated. We know the growth is faster and the taxes are lower in DC but the monthly payments will be higher. What would you do? What are the pros and cons in your opinion? Thanks! 

I grew up in Deanwood.  If you buy @ @ 250 and renovate your good but if you buy at 350-400k you going to be waiting a long time for any appreciation.

1. West Hyattsville

1a. Congress Heights - If this is for an investment property I would buy as close as possible to Congress Heights metro due to the development plan for St. Elizabeth's east. Development has barely started on St. Elizabeth's East. Once everything is really up and running property values should take off. I have been paying close attention to property in Congress Heights and there has been some movement already but the area still has a long way to go. If you get in now you will have the advantage of watching the area develop around you.

Was Congress Heights part of the first conversation?  Not a fan of Congress Heights to live.  Good spot for rentals.   We all have our preferences. I still think DC has the best appreciation.  But it depends on your preferences, lifestyle, personal style, what's top on your list.