The Good Area, Bad Area Dilemma

avatarthumbnail.jpgLet’s set aside for a moment the legal ramifications of labeling certain areas as either good or bad areas (as I’ve written ad nauseum before, the Fair Housing Act prohibits real estate agents from describing areas in those terms.)

Put as simply as possible, one man’s hell can be another man’s heaven. And he is the only one who can decide which category a given area falls into.

There are places in the Valley I personally wouldn’t live in. And there are many people in the Valley who never would move into my neighborhood. Does this make any of these areas good or bad? Absolutely not. We all have our own filters through which we view different areas, different situations. I can’t make this determination for you.

As an investor, particular an out-of-town investor, there are guideposts you can use to try and differentiate what areas might work for you. Check the ratings of the schools in an area. Check the rental rates – if the same house rents for $650 in one area and $900 in another, it might be worth taking a longer look. Check the crime stats (though what you’ll find is crime happens everywhere.)

If you want objective information about an area I absolutely can help. But as I’ve said many times before, I can’t decide for you what you may consider to be good or bad. Both legally and realistically, that’s something you need to determine on your own.

[tags]Phoenix real estate[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

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