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Frequently Asked Questions About Affordable Homes in TN
ANSWER...
Buy a condo in Royal Oaks Tower 4505 Harding Pike. Great location in Belle Meade with 2 grocery stores, Starbuck, and the Green way across the street. Building was built in 1942, very solid but with high maintenance costs. These condos don't even show up on searches for people looking to move to this area because they wouldn't expect to find something so affordable in this location.
source: Quora
ANSWER...
Real estate is certainly affordable here than in some other major cities, but it's based partly on cost of living, which is also cheaper than in many places and property reflects that difference. Secondly, Nashville is one of the fastest growing cities in the country right now. New homes are being developed all the time, and to stay competitive those developers need to attract buyers. Competitive prices reflect this.
source: Quora
ANSWER...
Well it depends on the area and what kind of property you’re looking to get. The median home price can range from $150,000-$700,000.
What’s your budget?
I think you should look for Nashville investment properties, put in the budget you have, and see what kind of investment properties you get and what their returns look like.
Here’s a Nashville Investment Analysis that can help.
source: Quora
ANSWER...
depends on the neighborhood and property in Nashville.
You can search a specific area in Nashville and get an idea of the average rental income. If you look at the rental comps, you can see the property type and what they’re making every month.
Of course, it all depends on how you financed the property, your rental strategy, and of course, the area.
For example, this Nashville guide says the average rental income is $975 in Lockeland Springs while the average income is $1,576 in West End Park.
source: Quora
ANSWER...
Nashville has many attributes which make it a great place to live. People are friendly, the weather is generally pleasant, and the landscape is beautiful.
There are many options for outdoor activities. We have 2 major lakes for water sports, Old Hickory Lake and Percy Priest Lake. The Warner Parks (Percy and Edwin) cover over 2650 acres and have hiking and bike trails, 2 golf courses, and an equestrian center which is the home of the Iroquois Steeplechase each May. They also have the largest old growth forest east of the Mississippi.
source: source.com
ANSWER...
Buying is a sureway to plan for your retirement and prevent any expense fluctuations experienced with renting.
Just remember that a huge part of buying a home is realizing that it is a sizable investment; and like any other investment, it will take work, it involves risk, it will take some luck, it will take much of planning, and it will take continued education to make it “better” than renting.
When considering renting vs buying a home, it’s important to do the math for your current situation to see what the opportunity costs are, and whether you will get a better value elsewhere.
source: Quora
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