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I'm looking to buy, probably a duplex in the triangle and was wondering what spots everyone thought would see the biggest increase in value in 10 years and why.
How many areas have duplexes? They don't seem all that common.. maybe it's more of a city thing? I know Cary has some older ones, but they all look to be rentals (and the one neighborhood I'm thinking of is pretty "iffy").
Where's that crystal ball at? I pulled it out before my NCAA tourney bracket was due - thanks Mich. St.! - then my kids used it for bowling, now I don't know where it is. When I find it I'll get back to you.
But absent my crystal ball, I'd guess Chapel Hill. But honestly, I don't see that many duplexes in areas I'd want to live in, but then again I'm not really looking for them. I say Chapel Hill because I'm guessing you intend to rent it out - I also misplaced my Tarot cards, but I saw my kids playing Go Fish with them last week - and you can probably rent it out pretty easily if it's near UNC.
Maybe look at Morrisville. Developing area. Adjacent to RTP. New and clean. Worth a looksy.
I also think the southeast part of Cary near and in Holly Springs and parts of Apex will do well...lots of newer homes and a lot of development for better shopping, restaurants, etc. Traditionally, the "central area" of Cary has done well but those houses are getting older so if you still want to live in Cary, this area is perfect. Plus, you have to think that 540 will eventually get done and provide good access for those residents.
I'm looking to buy, probably a duplex in the triangle and was wondering what spots everyone thought would see the biggest increase in value in 10 years and why.
If you believe that the housing market is efficient, this is an impossible question to answer. For any expectations about the future are already priced into the propoerty you are looking to buy. Efficient-market hypothesis - Wikipedia, the free encyclopedia
I would bet on Wake Forest, Holly Springs, and dare I say...Garner. I said Wake Forest and Holly Springs because I don't a lot of other areas have a lot room to grow. One of the reasons why I moved to Garner was because of the improvements they're currently doing and the plan they have for the next few years. Downtown Garner NC :: Welcome! has a lot of info about the plan. Good Luck.
This question reminds me of an anecdote someone related to me once. She was in a toy store and a guy was looking at the Matchbox cars. He said "I wish they would just tell you which ones are going to be worth the most as collectors' items; it would be a lot easier!"
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