Post # 1
Okay. What would houses look like with these prices in the general area you live in? And how many bedrooms/baths would it include?
I’ll start: (note: this is just what standard homes with these prices would look like)
1. $100,000. gets you:
(Above is 4 bedroom, 2 1/2 bath).
2. $200,000 gets you:
(Above is 3 bedroom, 3 bath, but the inside is all updated/newer.)
3. Aaaaand, $400,000 gets you:
(Above is 7 bedrooms, 3 1/2 baths, and comes with 2.5 acres.)
So, what is the ‘norm’ for homes/apartments/condos in your area with these price tags? I’m excited to see how different it is based on location!
Post # 3
UGH. i need to move!
Where I love, 100K gets you nothing. 200K also probably gets you nothing. and 400K gets you a one bedroom apartment.
Post # 5
Whoa, where do you live??
Where I live, $100,000 gets you something like this:
The above is actually originally a single-family home turned into a two-family home in a bad part of the city. It has 3 bedrooms upstairs and 3 downstairs, and one bathroom on each level. It is nearly impossible to find a nice, single-family home for $100,000…homes for that price are pretty much all rundown rental properties.
$200,000 gets you something like this:
That is a split-level ranch, 3 bedrooms, 1 full bath, one half bath, 1400 square feet of living space.
And $400,000 would get you this:
That’s 4 bedrooms, 2 full baths, one half bath, 2200 square feet of living space.
Post # 6
Also- for reference- my 400k picture is only 4 bedrooms and you get .85 acres
Post # 7
@AcheneMalefic: I love the 2nd home I need to move there lol
Post # 8
first home $100,000, 3 bedroom 1 1/2 bathroom, kitchen,livingroom,and basement.
House 2. $240,000+, 3 bedroom, 2 1/2 bathroom,livingroom,and unfinish basement.
House 3. $470,000+, 5 bedroom, 3 1/2 bathroom,2 family rooms, unfinish basement.
Post # 9
Are you in the Chicago area?
Post # 10
No, I’m in NY, a few hours north of the city.
Post # 11
Oh man, Australia is crazy expensive. We can’t find anywhere decent for under $550,000
$100,000 will get you this
$200,000 you might be lucky to get this
$400,000 you will get this
We have some beautiful houses but not for under $600,000 +
Post # 12
$100,000 gets you this. It’s a trailer, but it’s on almost 5 acres, so…
$200,000 gets you this. Also manufactured, but newer and bigger, and also with acreage.
$400,000 gets you a big old farmhouse on 38 acres.
Can you tell we live out in the country? 🙂
Our house is a 2700 sq ft stick built (not manufactured), was 5 years old when we bought it, on 15 acres. We got it as a short sale for $285k, mostly because we’re so far out in the boonies.
Post # 13
150,000 (older house, older part of town… but still one of the nicer houses in the area):
240,000 (newer house, crappier part of town):
420,000 (new house, new part of town… my ideal):
580,000 (on a lake):
I found just about the nicest house possible for each price category. Basically, in my town, location isthe main factor in price. There are some reallllly old parts of this town that have decent houses but are cheap and the newer areas of town hike the price up.
Post # 14
I live on the southwest side of Chicago, and there aren’t too many houses for sale around me. But this is what you can get.
$100K — You’re looking at a condo or land. There aren’t really any (livable) houses for less than that.
$200k will get you a cute 3-bedroom. It will probably not have a finished basement at this pricepoint.
For $300k, houses are a little bigger and more updated. This one is actually $329k. Like I said, there are very few houses available in the neighborhood right now.
$400k gets you a pretty big house down here, relatively speaking. Of course, a house like this in my hometown in Michigan would probably run $250K. And this house has been on the market forever, so maybe it’s overpriced. 🙂
Fun idea for a thread!
Post # 16
Holy man, I wanna move to Oklahoma now haha.