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Wednesday, April 12, 2006

THE ROAD TO HOME

Miami Herald, Ellen James Martin

Investing in a home on a busy street isn’t necessarily a poor choice:

for some potential buyers, the convenience and the often-affordable price overshadows the lack of tranquility. But before buying a home that fronts a main road, there are things for buyers to consider, such as understanding that a bargain works both ways. The resale price is likely to be low, too, so don’t overpay. Look at plans for infrastructure and development in the area. A busy street is one thing, but a freeway in the front yard is another. Avoid deteriorating eighborhoods. Even if the house is nice, its price still will be affected by what’s around it.

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