Could An Eyesore Kill Your Deal?

today i went to look at a property in an up and coming neighborhood. new delevopements are being put into place as i speak....write...whatever! LOL anyhow i found a good candidate for an investment. house just needs cosmetic stuff. there is a house directly accross street that is abandoned and boarded up. my intention is to rent the property for a year or two and then flip. my question is do you think an eyesore can stop people from buying or renting in a low income neighborhood. it would stop me but that is my personal opinion

Comments(2)

  • kimesha29th April, 2005

    good advice! thanks

  • hamlin3rd May, 2005

    From my experience 1 eyesore on a block will not impede the saleability or rentability of your property.

    If there are three or more on that block then I would stay away. Then it looks like the block is going downhill to the potential buyer or renter.

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