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Old 05-21-2015, 10:45 AM
 
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Just out of curiosity, how far will $180K go in the city and surrounding suburbs? I'm starting to get fed up with Boston's insane cost of living, and Charlotte sounds like a great combination of healthy economy and low cost of living. That figure can be upped a bit if needed, but that's the equity I have in my current condo (which, by the way, you'd have to pay people to live in outside of places like Boston, SF and NY) so ideally I'd like to stay as close to it as possible - not having to deal with a mortgage sounds really tempting.
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Old 05-21-2015, 10:56 AM
 
Location: Southport
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I your question is "Can I buy a house for $180,000 or less somewhere in the Charlotte area"? The answer is yes. Of course, eventually the question will be, "Can I buy a house somewhere in the Charlotte area for $180,000 or less that meets all my criteria"? The answer to that is maybe.
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Old 05-21-2015, 11:26 AM
 
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Coming from Boston, my housing expectations aren't exactly that high - a two bedroom condo in a reasonably safe, somewhat walkable part of town would be more than enough. Would that be within the realm of possibility in Uptown area, or somewhere reasonably close?
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Old 05-21-2015, 11:38 AM
 
Location: Southport
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Quote:
Originally Posted by bigfatdude View Post
Coming from Boston, my housing expectations aren't exactly that high - a two bedroom condo in a reasonably safe, somewhat walkable part of town would be more than enough. Would that be within the realm of possibility in Uptown area, or somewhere reasonably close?
Not in Uptown, itself, no. Reasonably close...yes, but it will be older or small. For example:

Real Estate - 6 Homes For Sale | Zillow
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Old 05-22-2015, 05:52 AM
 
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A 2BR condo for 180k should be pretty easy, just not sure its possible "uptown". Areas around Elizabeth, Noda, Plaza Midwood, and maybe Dilworth would be my choice.

Wilmore is an "in transition" neighborhood right along Southend and you could probably get a decent 2br bungalow home under 200k and be 1.5m from downtown and a 10min walk to the light rail (and all the goodies in south end).
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Old 05-22-2015, 07:38 AM
 
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Would upping the budget to 250k or so be of any help? Also, how are rents in Uptown? Would it be easy to rent the place out and not be in the red if I decide to do the whole house/yard/white picket fence suburbia thing a few years from now?
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Old 05-22-2015, 07:49 AM
 
Location: NC
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Scored a ranch in the Southpark area of Charlotte for around that price.... Needed alittle work, but very doable.

180k can get you plenty in Charlotte.
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Old 05-22-2015, 07:50 AM
 
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Quote:
Originally Posted by bigfatdude View Post
Would upping the budget to 250k or so be of any help? Also, how are rents in Uptown? Would it be easy to rent the place out and not be in the red if I decide to do the whole house/yard/white picket fence suburbia thing a few years from now?
Go to mytownhome.com and check it out. Right now there are 8 active listings (and 8 under contract) for condo's under $250 in uptown. Definitely a very low inventory.

While renting out out would have been very easy a few years ago, there are so many apartments under construction, you would have to be very competitive on your price, but if it is paid for, you can do that.

With such a low inventory, if you wanted to move out to suburbia, I would sell the condo and count my profit and stuff that money into your new house.
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Old 05-22-2015, 09:08 AM
 
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Quote:
Originally Posted by bigfatdude View Post
Coming from Boston, my housing expectations aren't exactly that high - a two bedroom condo in a reasonably safe, somewhat walkable part of town would be more than enough. Would that be within the realm of possibility in Uptown area, or somewhere reasonably close?
Walkable and near Uptown for 180K? I don't think you'll find something. Add to that a safe area.

You'll have to go out to the 'burbs and even then areas like Fort Mill and in general Union Cty have gotten expensive.

Folks here may be able to give more info on the Northern and Western parts near Charlotte. I can tell you that a town home in Fort Mill is about 200K+. There are some foreclosures in Fort Mill that meet your budget. But if you're single you would probably not want to live on the SC side of the border!
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Old 05-22-2015, 10:05 AM
 
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One option is somewhere like Davidson. A quick search and I see several townhomes in the sub $180K range. It's one of the only (some would argue maybe the only) suburbs that is truly walkable. Other than that if you really want walkable you will likely need to stick with one of the closer-in Charlotte neighborhoods.
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