Veronica Morgan, host of Location, Location, Location, Australia, recently had a chat with the hosts of the Mamamia Today radio show about important real estate questions, thanks to Aussie.
Q: Do you buy the worst home in the best street or the best home in the worst street?
Veronica: I hate rules of thumb like that. In principal it sounds good to buy the worst house in the best street but as long as that house can be upgraded to be of a standard equivalent to the other houses then great go for it, it’s a great opportunity.
But if that house is on the corner of a main road it doesn’t apply. Or if it happens to have the only block in the street that is triangular or it happens to be at the end of a cliff or there is something about it or it happens to be a red brick bungalow in a street full of weatherboards then there is something that would set it apart and make it never going to be a good house on that street then don’t touch it.
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