Well, you can get a lot for $200,000, that is if we were talking about food or shoes or chocolate. Can you imagine the number of closets I could fill?! [Insert evil laugh here.] However, what I’m actually speaking about is – what can $200,000 get you in a house?
While Tyler and I have no plans of moving out of our apartment any time soon, we do have dreams of home ownership one day in the not-super-distant future. As a result, one of my favorite pastimes is scouring the internet to see what’s out there and for how much. The New York Times and several magazines, such as HGTV Magazine, write similar features, which is where I have drawn my inspiration for this post.
When perusing real estate sites, such as Trulia, Zillow, or Redfin, I do not stay local. I’ve looked at homes in Connecticut, Virginia, North Carolina, California, Oregon, and Colorado to name a few places. It’s amazing the number of beautiful homes that are available, but it’s equally amazing how great the disparity is in price and quality depending upon the location you are hoping to call home.
So, every few weeks or so, I will be sharing with you what you can get for “X” number of dollars.
To start, this is what $200,000 might look like in…
Richmond, Virginia (Google Maps)
This house is 2,543 sq. feet, which would comfortably fit the average American family – 4 people. It has five bedrooms, 2 full baths and 1 partial bath.
There are hardwood floors and many windows, creating an open and breezy feel throughout the home, while also providing a lot of natural light.
The kitchen is small, but nicely done with updated appliances and granite countertops.
That being said, the lot is less than 1/4 of an acre, creating little to no yard and the only parking available for the homeowners is off street.
San Diego, California (Google Maps)
…this home has three bedrooms and 1 full bath. More importantly though, the overall square footage is less than half that of the house at Richmond – 1,050 square feet. Additionally, while there is a garage and a front yard, the home is near the local freeway and advertised as “[needing some] TLC”. Unfortunately, there are no interior photos provided for this home, but given the implied need for renovations, I would guess it’s not going to look quite as nice as House #1.
From my research, I would conclude that you’re going to get more bang for your buck in Richmond, Virginia. In the many listings I looked through, most homes weren’t quite as big as the one I chose, but to compensate, they had larger lots and the interiors were just as nice, if not nicer. Again, by comparison, the homes in San Diego were substantially smaller and older. That being said, I have to say, you can’t buy California sunshine!
*All images and information was found via www.trulia.com.