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Old 07-14-2008, 07:48 AM
 
11 posts, read 37,984 times
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Hi,

We are looking at buying a townhouse around Galleria between 610 and Beltway 8 and between Westheimer and I-10.
Mostly, we find old properties for the price range that we are looking for. Do you think, old properties are a good buy, especially if they are more than 10-15 years old. While doing research we reaslized that townhouses dont really appreciate. Will that be true with the current market trend and the area we are looking at?

Any suggestions/info will be helpful. Thanks in advance.

Sid
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Old 07-14-2008, 07:52 AM
 
Location: Charleston Sc and Western NC
9,274 posts, read 25,022,279 times
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New or old, they don't appreciate. And now with the all the new high rises and lofts being built, you may see slight depreciation. But for townhouse living, to me it's the best area.
Townhomes shouldn't be viewed as an investment in Houston.
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Old 07-14-2008, 01:33 PM
 
11 posts, read 37,984 times
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Thanks
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Old 07-14-2008, 04:49 PM
 
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If you are looking for an investment, try to find an older, smaller home in one of the surrounding areas.

If you enjoy townhome living, go ahead, just don't expect to make a killing when you sell. Many of the newer townhomes are priced not much higher than older ones, so don't rule out looking around the area for a new development.
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Old 07-14-2008, 04:54 PM
 
Location: Burque!
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There's a lot of new construction between Post Oak & Chimney Rock... of course you could hold-out for Turnberry Tower. lol.
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Old 07-15-2008, 10:51 AM
 
11 posts, read 37,984 times
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What are some of the problems people think of, when they look at old properties. There are some townhouses in 1970's and later. But i am considering newer properties. Can anyone tell me whether older properties are also a good buy, so that i can increase my searching base?

Thanks for your comments

Sid
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