Aaron Lathan

🔑🤏🏽 Risk or Regret.

Both are scary.

But it’s a choice we get to make every day with our passions.

Which one are you 🅲🅷🅾🅾🆂🅸🅽🅶 today?

What Can 6 Blocks Cost You In Houston?⁣
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In this case about $130,000 difference in price.
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Both homes are 3 stories. ⁣
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Both are around 2000 SF in size. ⁣
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Both finishes are almost exactly the same. ⁣
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But what’s the difference? Location, location, location. ⁣
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Here’s the crazy part. These two homes are almost the same distance from the center of The Heights. Yet you’ll pay a premium just to be “in the Loop”. ⁣
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As prices increase around the city, buyers are forced to make adjustments to what they’d call home. One of the simplest ways to still get the look yet stay under budget is to adjust the location. ⁣
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Curious to see if we can find your look in a different location? Shoot me a dm so that we can find the best options for you.

What I would do if approved for $200-250k?

I would have my agent show me my vastly different options at this price point, compare each to my personal must have list, and pick the one that checks the most boxes. I would be excited, as you should be, about finding my dream home ... with adjustments.

Houston Association of Realtors recently reported a median price point of nearly $300,000 for single family homes. This means our current price range still comes in under what is considered the average cost of a home in Houston. What does this mean for your search at this approval amount? Let’s get into it...

The first thing you’ll need to do is define what’s most important to you. You will have to make a tough choice between upgrades and style, square footage, and location. It is very rare to get all of what you’re dreaming of at any budget, but prioritizing your must haves is especially critical to finding “the one” at this price.

Buyers are typically faced with the following choices:
☝🏽 Getting space in a large fixer-upper.
✌🏽 Finding some upgrades but less space in a renovated home in an established neighborhood.
👌🏽 Going brand new in a transitioning neighborhood with a lower tax rate.
🖖🏽 Choosing a brand new but smaller home in the suburbs with amenities but a higher tax rate.

There’s honestly no wrong choice. It comes down to your priorities and the lifestyle you’re trying to live.

So what would I buy if approved between $200-$250K? Something like one of these gems 💎👇🏽👇🏽👇🏽

My final choice would depend on which phase of life you asked me the question. Young, single me might choose a fixer or new in a transitioning neighborhood because of the faster potential of appreciation. Family man me is leaning towards renovated in an established neighborhood or new in the suburbs because of schools and amenities. But I would be mindful of how those higher tax rates would affect my monthly payment.

Either way, don’t be discouraged by this approval amount in the slightest. Tons of options exist, and your home is out there once we nail down what’s truly important. Want to find out? Shoot me a DM so we can get started.