See all St. Croix Homes.

Selling a little bit of Virgin Islands one yard at a time.

  • Home
    • Buyers
      • St. Croix Neighborhood Reports
      • Open Houses
      • My Home Tracker
    • Sellers
      • Home Values
  • About
    • Agencies
    • Agents
      • About Ernie
    • Blog and News
  • Properties
    • For Sale
    • For Rent
    • Residential
    • Commercial
    • search
    • Featured Search
    • Featured Listings
    • Properties Search
    • Compare Properties
  • Resources
    • V.I. Slice’, a New Homeownership Program
    • How to Find a Real Estate Agent
    • Should you use a Buyer’s Agent?
    • What is the Different from FHA/CONV.
    • 9 Most Common Benefits of Homeownership.
    • Your Debt-To-Income Ratio?
    • How does Mortgage Refinancing works?
    • Agents Widgets
    • Gallery
      • Gallery 2 Columns
      • Gallery 3 Columns
      • Gallery 4 Columns
  • Meet Ernie
    • Ernie Dougherty
    • My Reviews
    • AGENT FAQs
    • Ernie’s Newsletter Sign up!
    • Login & Register
  • Fun Places on St. Croix:
    • History of St. Croix, VI.
    • Where’s the Beaches?
    • Cruise Ships to St. Croix:
Submit

See all St. Croix Homes.

Selling a little bit of Virgin Islands one yard at a time.

  • Home
  • Real Estate
    • List Layout
    • List Layout Full Width
    • Grid Lay
    • Grid Layout Full Width
    • Half Map Layout
    • Agents
    • Agencies
    • Properties
      • Search
      • Featured Search
      • Featured Listings
      • Open Houses
    • Buyers
      • St. Croix Neighborhood Reports
    • Sellers
      • Home Values
  • Blog and News
  • About
    • About Ernie
    • My Reviews
  • Gallery
    • Gallery 2 Columns
    • Gallery 3 Columns
    • Gallery 4 Columns
  • My Home Tracker
  • Contact
  • Properties Widgets
  • Agents Widgets
  • Other Widgets
  • Buy
  • Rent
  • AGENT FAQs
1-340-277-0017
Submit

See all St. Croix Homes.

Selling a little bit of Virgin Islands one yard at a time.

  • Home
    • Buyers
      • St. Croix Neighborhood Reports
      • Open Houses
      • My Home Tracker
    • Sellers
      • Home Values
  • About
    • Agencies
    • Agents
      • About Ernie
    • Blog and News
  • Properties
    • For Sale
    • For Rent
    • Residential
    • Commercial
    • search
    • Featured Search
    • Featured Listings
    • Properties Search
    • Compare Properties
  • Resources
    • V.I. Slice’, a New Homeownership Program
    • How to Find a Real Estate Agent
    • Should you use a Buyer’s Agent?
    • What is the Different from FHA/CONV.
    • 9 Most Common Benefits of Homeownership.
    • Your Debt-To-Income Ratio?
    • How does Mortgage Refinancing works?
    • Agents Widgets
    • Gallery
      • Gallery 2 Columns
      • Gallery 3 Columns
      • Gallery 4 Columns
  • Meet Ernie
    • Ernie Dougherty
    • My Reviews
    • AGENT FAQs
    • Ernie’s Newsletter Sign up!
    • Login & Register
  • Fun Places on St. Croix:
    • History of St. Croix, VI.
    • Where’s the Beaches?
    • Cruise Ships to St. Croix:
1-340-277-0017
Submit

Blog and News

Looking for certain features

I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

By

Ernie

Posted in On May 2, 2020

If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)

Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.

Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

Recent Posts

  • Fair Housing
  • Privacy Policy and Term of Use
  • Ernie Video Post
  • Contact US

Recent Comments

  1. rhondarv1 on rhondarv1
  2. Jason Clarke on Tim
  3. nobia on nobia
  4. Leasoms on Leasoms
  5. Leasoms on Leasoms

Archives

  • June 2020

Categories

  • Luxury
  • Market Trends

Agents

Ernie Dougherty

ernie@walcottrealestate.com
340-277-0017

Featured Properties

Featured
View Property

Cottage on St. Croix VI.

Enchanting one bedroom cottage with spacious one bedroom, one full…

Bedrooms
1
Bathrooms
1
Area
617 Sq Ft
Rent

$1,600 Monthly

Categories

  • Luxury
  • Market Trends

Agents

Ernie Dougherty

ernie@walcottrealestate.com
340-277-0017
See all St. Croix Homes.

/Selling a little bit of Virgin Islands. one yard at a time;

Quick Links

  • Home
  • Blog and News
  • Where’s the Beaches?
  • Agents Widgets
  • Privacy Policy
  • Contact Ernie

Property Types

  • Commercial
    • Business
    • Office
  • Land
  • Residential
    • Apartment
    • Condominium
    • Cottage
    • Villa
  • Single Family

Property Statuses

Rent (1)

Contact Ernie

GDPR Agreement *

© 2022-2023. Ernie Dougherty All rights reserved                                  

|

Web Design Services by inspirythemes.