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If you are happy with that choice, why should / would you even "question" that choice in a thread???
I am questioning your "happy & free choice" that you have doubts on.
As far as I know, "emotions" is never key to any good financial, investment, realty (residential / business) decision... while a logical good potential "location" is.
It also makes sense...
that if *you* the OP have that "doubts"...
*Your* potential buyer when you were to sell it, will have that same "doubts" (happy, fuzzy "I'm home" feelings or not).
Okay, I get what you're saying and I think I see where the confusion is. I have no doubts about buying the house now or concerns about selling it in the future as we plan to live there indefinitely. However, if I we're looking at this as a short term investment or planning to turn around and sell it within the next ten years, I would be more concerned about every aspect of it's value. I did not mean to sound like I was complaining or seeking advice, I was simply curious to hear how others would feel about the situation.
Okay, I get what you're saying and I think I see where the confusion is. I have no doubts about buying the house now or concerns about selling it in the future as we plan to live there indefinitely. However, if I we're looking at this as a short term investment or planning to turn around and sell it within the next ten years, I would be more concerned about every aspect of it's value. I did not mean to sound like I was complaining or seeking advice, I was simply curious to hear how others would feel about the situation.
I think the bottom line is that the condition of your neighbor's house would be a turn off for the average buyer. So, this negatively impacts the value of your own home.
The good news is, as others have already said, that it sounds like the local government is doing something about this house and this guy may not be your neighbor soon. If that's the case and someone comes in and spruces up the house (and of course you negotiated wisely for your own house) then you should see a nice increase in the equity of your home when that happens.
See... when you have that *if* that *if* = doubts, and thus the questions.
Saying that, long term or short...
That word *neighbors* (if & when you do have one) affects anyone who have them... either in a positive way (when you get along with them or they just don't bother with you etc.) or in a negative way (when you don't; can be through issues like an ugly neighbourhood house, via non-maintenance or hoarding etc.).
Reality check... any unkempt property will & do affect the value of the next door nicely kept ones.
But *if* you are lucky, maybe the owners (new / old) may decide to burn that down & build a new house in place of that... I wouldn't bank on that *if* though.
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