What Will $600K Buy You in These Top Metros
With historically low interest rates and home prices ticking up in communities across the country, many people are taking the leap into homeownership. Still, others are expanding their real estate portfolio with a vacation home or investment properties.
When it comes time to buy, there is nothing more powerful than knowledge and experience. You can turn to a top agent in your local market to provide you with market trends and other insights. Get a jump start with our quick overview of some of the top metros in the U.S. where you get the most value $600K. We’ve broken down the list using some of the top qualities that buyers look for in homes today: space, luxury, amenities, and new construction.
Here’s what $600K can buy you in these top metros:
Spacious
Madison, WI: In the state capitol of Wisconsin, home prices are still amazingly low for spacious and luxurious single-family homes. For around $600,000 you can find three to four baths, four-bedroom homes with nearly 5,000 square feet of space. Many of the homes include large private front and backyards, often with open-air patios and great city views.
Spokane, WA: Spokane offers wonderfully spacious homes for $600,000. If you have a large family, you can find four- and five-bedroom, three- and four-bath homes. Spokane’s lush environment offers expansive lots of about a half an acre, with homes ranging from 3,500 to 4,000 square feet.
Luxurious
Atlanta, GA: What would cost over a million dollars in other metros is relatively affordable in Atlanta. If you have $600K to spend in Atlanta, you can count on finding a large, luxurious home with plenty of space. Some of the booming neighborhoods springing up around the city center offer townhomes, condos, and single-family homes that are currently under construction, which will bring even more real estate opportunities.
Close to Amenities
Miami, FL: The two-bedroom, two-bath 1,300 square foot homes in Miami are on the low end of $600K. For just a little bit more, you can find condos, single-family homes, and villas at or minutes from the beach. 50+ adults can find fantastic deals on homes in Miami’s many active adult communities with twice the square footage for nearly the same cost.
San Diego, CA: In San Diego, a $600K budget will allow you to find three- and four-bedroom homes; granted, these homes are often on considerably smaller lots and can be smaller in square footage than their counterparts across the country. What San Diego home lack in size, they make up for in location and great weather.
New Construction
Boynton Beach, FL: Newly constructed single-family homes are going on the market all the time in Boynton Beach. Currently, you can find relatively new homes right near the beach for between $650K and $700K. That will buy you amazing views of the ocean, new features and appliances, contemporary architecture, and nearly 5,000 square feet of space with three-, four-, and five-bedrooms.
Understanding the local market and what your budget can buy you is just one small step in buying a home. When you’re ready to jump into homeowners or want to expand your real estate portfolio, partnering with a top agent can give you the experience and knowledge you need to be successful.
Originally published at agentace.com on April 14, 2015.
