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An okay house in a great location vs a great house in an okay location. Which would you prefer to buy longer term?

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Don’t live next to the train. Even if it’s not blowing it’s horn, the house will shake subtly every time one goes by. Our house did that for tracks that were a block away and I always worried it would eventually crack the plaster. Train was loud too, even though the house was well insulated.

Lastly, why do you think the builder is giving a 15-20% discount? It’s not because he’s a nice guy. It’s because he’s having trouble selling it.

likehelpful

I'm like BCG2, living next to the train tracks. I don't care how much noise insulation the house might have, when a train goes by at 2am blaring its horns, it wakes up the dead. Even if the house it's OK, you can always remodel it and make it great. Plus, location is what make or brake the value, not a great house.

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Great location over great house. Great location assumes good schools, stable property values, better infrastructure

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Location Location Location

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Location can’t change house can.

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In front of train tracks might mean noisy

likehelpfulfunny

Great location

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People pay for location. During the crisis the prices held up in the good locations; but great houses in ok locations didn’t hold up.

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Great location for sure

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Ohhhhhh do you mean a train train??? Because no. It’s so loud. I don’t care how insulated the place is, I can not do that!

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You buy the location not the house.

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Two strikes on the "great house ". You don't want biggest house on the block, comps long term will hurt you. Train tracks aren't going to go away.

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Location

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How often does the train come by? Don’t let the realtor say “hardly ever.” Lived next to a train track and you can’t put a $$ amount on your fucked up sleep and family complaining

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Second MD1 - you don’t want the biggest house on the block when it’s time to sell. Also never buy a house by train tracks if you can avoid it

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Go for the location, thank us in 20 years!

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Nothing is worse than not getting your money out because you chose a second tier location. You can always improve condition- but you can’t change where it is.

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On the flip side, why spend all that money for an okay house?

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Train tracks can make a great house a poor investment

likehelpful

More context: both homes are in the same school district, a top school district. The great house is right in front of the train tracks and is the “biggest house on the block”. It’s a new home and the builder is selling at a 15-20% discount based on where it is located.

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Bad investment. Buy the worst house on the best street and renovate it .

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