LogFAQs > #890923903

I think it can be but you have to be smart about it. My mom bought a house that about doubled in value in just a few years because it was a developing area.

When we were house hunting, we were very mindful of what area to buy in, how close to the freeway, schools, what was the house next to, etc

There was a construction site with some beautiful new houses we almost considered. The inside of the house was stunning. But the schools were meh, the HOA was $250, the site was sandwiched between 2 big companies, one of them was a car dealership with blaring lights at night. Also the land they sat on was tiny, you had the tiniest yard. It was also pretty close to the freeway. We didnt feel this was a good investment in the long term.

We bought our current house for the same price. Its 20 years old but a $55 HOA, more land, amazing schools, and a more suburban area with amazing hillside views from our deck in the bedroom. A little more of a drive from our workplaces. It needs some sprucing up but its nice enough to where were in no rush to renovate yet. Given that the current housing market is all about constructing giant houses on tiny lands by huge freeways and corporations and charging ridiculous HOAs that dont do anything for you, I have the feeling our house will gain value as it becomes more rare. No guarantees of course. Its always a gamble with housing.