Monday, August 19, 2013

Do Zip Codes Make a Difference?

Today I wanted to do a little experiment with zip codes. I did a search for 2 comparable homes in the 37167 zip code and 37086 zip code. I thought this might be interesting to consider for a couple of reasons:
1) Is how much house you're getting for the $ most important?
2) How important is resale value to you in the future?

I searched for homes built around the same year, 4-5 bedrooms, 2-3 baths,  and 2 car garage. The homes I found are similar with a few differences. Each home has a couple of pluses that should (were they in the same area) make them very competitive in the market. Take a look at what I found!

The first home is one of Jonathan's listings.
Gorgeous brick home in Smyrna. (37167)
Fenced back yard,
Shade trees,
Huge back deck,
5 bedrooms/ 2.5 bath,
2 car garage
Hardwoods and tile
Built 1995,   2,173sf

203 Cedar Forest Dr  Smyrna---$209,900
Click here for full listing

The 2nd home:
Partial brick in LaVergne (37086)
Treed back yard
Double back deck
Hardwoods and tile
4 bed, 3 bath, bonus
Finished basement
2 car garage
Built 1994,   2,292 sf

620 Knollwood Dr  LaVergne--- $182,900
Click here for full listing

A couple things to consider...
- If you are planning on putting a lot of $ into remodeling/upgrading a home, make sure you do a little homework. You want to be sure the home values around you will support your added investment down the road. 
- If you are planning on being able to make $ on a home in order to upgrade later, it makes a difference to do some research and talk to a professional about how the market is trending in the areas you are shopping. 

Happy Monday!
Taylore Massa, Realtor
Weichert Realtors, The Andrews Group

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