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Old 07-26-2007, 12:01 PM
 
22 posts, read 54,809 times
Reputation: 20
Default Better investment area - Triad, Triangle, Charlotte?

So what do you guys think? What is the better investment area? My current price limit is 250k.

I am visiting in a couple of weeks and will explore all of them, but I am partial to the Tega Cay area (at least from what I have read.) It looks like the area for the best "life style".

Houses in the 250 range don't seem to come with much land or trees in the Charlotte area, while the lot sizes seem a little larger and more wooded up north.

It looks like Charlotte is really on the verge of exploding, which can be good or bad. More people = more congestion, more roads, more schools, higher taxes, but higher real estate prices eventually.

...etc...

Opinions, please?
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Old 07-26-2007, 12:21 PM
 
Location: The 12th State
21,685 posts, read 37,039,790 times
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Depends on who you are catering to. Any area is good due to NC housing market has remain stable. 250k will get you a decent home probably on small lot in raliegh and charlotte area and the triad it will get you a decent size house with a nice size yard but slower appreciation than the other two.
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Old 08-04-2007, 12:46 PM
 
44 posts, read 125,457 times
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I would say the Triangle myself
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Old 08-04-2007, 12:55 PM
 
105 posts, read 275,100 times
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Quote:
Originally Posted by SunnyKayak View Post
Depends on who you are catering to. Any area is good due to NC housing market has remain stable. 250k will get you a decent home probably on small lot in raliegh and charlotte area and the triad it will get you a decent size house with a nice size yard but slower appreciation than the other two.
This is true.

We really love the Triangle....I suggest thoroughly looking in to it!
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Old 08-07-2007, 12:29 PM
 
Location: Raleigh,NC
310 posts, read 703,031 times
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Another vote for the Triangle area.
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Old 08-08-2007, 06:34 AM
 
22 posts, read 54,809 times
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Thanks for the replies. So nobody thinks Tega Cay is the next hot thing?
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Old 08-29-2007, 12:30 PM
 
2 posts, read 2,988 times
Reputation: 10
Default Not necessarily

Quote:
Originally Posted by GetMeOutOfNY View Post
Thanks for the replies. So nobody thinks Tega Cay is the next hot thing?
No, unfortunately the prices of homes in the communities around lakes have skyrocketed both in the North and South Carolina. I just moved from a lake community in South Carolina to the Burlington, NC area three months ago and I have noticed this in both states. It seems to be more of a trend to have overpriced lakefront property in South Carolina though.

Also, in terms of Tega Cay, it is going to become one of the many suburbs that feed into Charlotte every day which will increase the traffic even more. I have to say that Charlotte has the worst traffic of any city in the state followed by Greensboro then the Triangle. The only thing keeping traffic from being better in the Triad is getting the Urban Loop built.
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Old 08-30-2007, 09:11 PM
 
Location: Cary NC
548 posts, read 1,498,681 times
Reputation: 272
Quote:
Originally Posted by GetMeOutOfNY View Post
So what do you guys think? What is the better investment area? My current price limit is 250k.

I am visiting in a couple of weeks and will explore all of them, but I am partial to the Tega Cay area (at least from what I have read.) It looks like the area for the best "life style".

Houses in the 250 range don't seem to come with much land or trees in the Charlotte area, while the lot sizes seem a little larger and more wooded up north.

It looks like Charlotte is really on the verge of exploding, which can be good or bad. More people = more congestion, more roads, more schools, higher taxes, but higher real estate prices eventually.

...etc...

Opinions, please?
Triangle. This is where I am putting my investment money
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Old 08-31-2007, 06:51 AM
 
2,357 posts, read 27,557 times
Reputation: 864
I'm no expert, but my amateur opinion is to go with the Triad. Charlotte and the Triangle have both been growing by leaps and bounds in recent years, while the Triad has seen moderate growth.

So from the perspective of "buy low, sell high", it seems that the Triad has the best potential as an investment. All three areas will probably continue to grow, but I can't picture Charlotte and the Triangle growing any faster than they already are. IMO, you are more likely to find a bargain in Winston-Salem, Greensboro, or High Point.
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