Real Estate July 27, 2009 9:05 AM

Location, Location, Location

Location, Location, Location
I've been shopping houses lately.  Starting with 3 basic criteria (schools are not an issue at present), I've given a few realtors my must-haves within a pretty wide range of Buffalo neighborhoods.

Some realtors point to homes regardless of the criteria, while some get the criteria, but have a skewed safety image (I said nothing about safety because I feel safe, regardless of neighborhood) and some give a shout when they think they've found a newly or about-to-be marketed home within my scope, both financially and amenity-wise.

To location, location, location, I would say garage, large kitchen, yard.  Ahem...price?   I'd pay for the brick and mortar and green space before I'd shell out for a trendy neighborhood.  It makes me wonder what's most important to the average person.  But in house shopping, as with anything, I think the idea is to have an open mind.  The house I'm looking for?  I'll know it when I see it.

Once price is decided, what's the next most important issue for you?  Location, schools, or the property itself?  Even if you're not looking for a home at present, be sure to vote in this week's poll too.  (I have not added "all of the above" because I want to know what weighs heaviest among these important variables.)
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My building is definitely not in a trendy neighborhood, but it may be up for sale soon. My profile is a picture of the building.

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Hey, nice job on your building at the corner of Emslie and Clinton. It was very encouraging seeing that rehab take place a few years ago.

replied to majove
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Character! For me and my wife, more importantly than neighborhood et al., is the character of the house itself. As we prepare to move back, one thing strikes us very differently than many things I've read about Buffalo and the population's perception of 'safety'. It really is a matter of context. While we have been living in a 'decent' neighborhood in L.A., we are most definitely not in a 'safe' neighborhood - there is crime all around us. Most of it nonviolent. But, on occasion, as we sit in our living room and hear a *pop, pop, pop* noise coming from somewhere within earshot, my wife and I will share a casual, questioning glance and ask each other - gunshots or firecrackers?
So, we have a VERY different perspective of what is considered 'safe'. And, in doing so, we are open to far more areas of the city than most.
Which brings me back to my first comment - character. The place we will be looking for has to smack of history, be reflective of the city but also be reflective of our shared eclectic tastes! We, my wife and I, don't really do 'trend'. We've had quite enough of it, thank you. So, when we start our process, it will be by defining more the state of than the stature of the house we want! Character!

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I just purchased a home. While I orignally wanted to live in Allentown, Cottage District or Elmwood, my search evolved as I took a peek inside the homes. I settled on my last choice neighborhood because the house was spectacular and the proximity to Delaware Park was perfect. So North Buffalo/Hertel it turned out to be, and now I'm falling in love with the area too.

Major Factors at the Start:
1. Neighborhood
2. Price
3. Size
4. General House Stuff (curb appeal, amenities, layout)

Major Factors in the End:
1. Important House Stuff (age of roof, insulation, windows, structure, foundation basement)
2. General House Stuff (curb appeal, amenities, layout)
3. Size
4. Neighborhood
5. Price

If you want an amazing Buffalo realtor who is fun to walk through homes with, honest as they come, and willing to look at any home YOU want: Marie Ryer-Beasley with Remax North mryer@hotmail.com

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that sounds like what i'm expecting to happen in my search. i haven't started yet, except online looking, since i'm not moving back for a couple more weeks and get to crash with my parents for a while. but while i prefer elmwood, allen, cottage like you said, north buffalo seems like it has a better number on the market and reasonable price.

heart: what ended up pushing you from elmwood? and did you look in parkside neighborhood? or just not find anything there?

replied to HeartBuffalo
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I started by just looking online as well. I had a similar situation. Moved back to Buffalo for a job, rented and then stayed with my rents while looking for a house. I'd definitely recommend getting in touch with a realtor (Marie) and she'll set you up with the right search criteria so you'll be e-mailed houses when they come up. I think you'll get more excited this way because you won't be constantly sifting through houses you already browsed.

The second thing I discovered, many of the Buffalo houses have very little details in the descriptions or photos of the homes online so www.zillow.com helped as well as google maps using street view. Unfortunately this meant I had to enter far more homes than I wanted but it also let me benchmark price and value. Plus, I got better at looking at the important things like roof age, insulation and the "unfun" stuff.

Q: What ended up pushing you from elmwood?
A: Price. Parking. Many of the homes were out of my comfort zone as far as price. The ones that were in my sweet spot had no parking and this is something I went back and forth on. I was still open to ones when they became available even with no parking but then I had to figure out if parking on the particular street was feasible. Then, when the house I bought turned up on the market, everything sort of fell into place and location seemed less important at that point. And, I ended up with a very long yet very narrow single lane driveway with a great two-car garage.

Q: Did you look in parkside neighborhood or just not find anything there?
A: I was very open to Parkside and I think my house would be considered Parkside/Hertel. I'm less than two blocks from the park and also two blocks from Hertel.

Again, get in touch with a realtor, even if you don't contact Marie, so that you can get set up with an e-mailed list. And when you think you're ready, start going into a ton of homes.

replied to LouisTully
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Your realtor shouldn't be commenting on "safety" as this can be interpreted as redlining. There are many wonderful homes in diffferent locations in the city. Location comes down to the amenities you want nearby

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For us we left the city for commute reasons. We teach in opposite directions Erie/Genesee line and Niagara counties. We love the city and miss North Buffalo, our first apartment was on Commonwealth. I grew up in Central Park and wish I could live there with my family, but cost is a factor there. New model: when the kids are in HS we will go back.

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About the Weekly Poll which fits right into this topic: Add taxes; why didn't you guys add taxes? Many times the cost of a home is doable until the taxes are factored in...

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Yes, taxes are a huge factor.
Even if you don't have a kid in school or you send them to a private school you still have to pay the school taxes.

The amount of the school taxes are based on the assesment value of your property. Something I strongly disagree with.

replied to Crisa
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A home is a huge financial investment so safety and quality of life are paramount. Esthetically you can create anything.

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If I still had kids of school age, with the exception of two public schools, Buffalo would be out altogether. Other than that, location is the premier issue.

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walkability is way up there for me. if i want a newspaper, the bank, movie, or a cup of coffee - its great if it doesnt require starting the car.

also, let me take the neighborhood down a scale - your direct neighbors. who wants somebody who doesnt clean up after their pooch, or lets their lawn grow a foot high right next to them? even worse, who wants a 2am party every Tuesday or some domestic screaming match keeping you up @ nite.

other than that - I look for a good deal.

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Right said, al labruna!

replied to al labruna
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Walkability, nearby open recreation space, architectural character, and price... but not necessarily in that order.

We lived around Allen, Elmwood, and we loved it. The quality of the architecture, easy access to parks and stores, that's what we liked. But when it came down to it, we found no bargains. So we stopped looking for a perticular street, and started looking at neighborhood amenities. We were set on living in Buffalo, but we looked north, west and south.

We ended up settling in South Buffalo. We have easy access to Cazenovia Park, the Botanical Gardens, Tifft Nature Preserve, and Galagher Beach. We got what we liked about Elmwood living, but for only $46,000.

Funny thing about South Buffalo, the built environment is excellent, but most people living here don't realize what they have. Hardwood floors, stained glass windows, grand entranceways, big yards. Plus the parks and parkways, easy access to commercial districts. and Friendly neighbors, seriously, we hang out together, and sit on the front porch talking. It's safe too, kids playing outside, nobody asks you for money. Plus when we moved in here our expenses actually went down. anyway..

Happy house hunting everybody!

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I just bought a place ½ block west of Richmond. Not trendy but, up and coming . I bought and rehabbed it for less than the price if it were east of Richmond in its raw form. So location was a factor. I’m to old to be an urban pioneer. Do your research and go for it. You may be rewarded in the future.

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It always comes down to character and features, then location.

Its why the eastside was so quick to be flipped and decay other than the eastside being ripped apart by expressways. There is a shocking similarity between the eastside worker cottages and the postwar cape-cods for returning WWII veterans. Many dont have garages, many are only 2 bedrooms, small sqft, small lots, difficult to update...and relatively indistinct...limited curb appeal...and lastly...tracts have little to anchor them...especially today not that the retail has migrated away to newer neighborhoods. To me it says that the WWII suburbs are following the eastside worker shacks.

A light rail corridor to the Larkin, Central Terminal, Galleria and Airport will change the entire dynamic of a significant protion of the eastside.

So...that once again raises the question...if you have good high quality high character buildings...then why cant developers come in from the exurbs and suburbs to infill the empty lots in these neighborhoods.

The high character for olde Buffalo rests between Richmond and Linwood then expands from there to Niagara to Michigan...(excluding the Masten area which stretches to Fillmore) after that...your in new Buffalo territory. New Buffalo is so ravised by expressways and urban renewal, flipping and demolitions that its ripe for contemporary/modern without concern for historical preservation.

I absolutely agree with south buffalo but we have to thank the irish catholics for keeping up their property and not abandoning their urban homes for suburbs and exurbs...

I look for the character and potential of the property, then I look at the proximity of conveniences and cultural assets that would keep the future of the community stable, then it comes down to the current state of the community.

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What are "exurbs"?
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It's very possible that in the not too distant future school systems will evolve away from being central and public.
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Reigs and Reitts, who have gotten strong and are infilterating everywhere now, have a very different and very invasive idea about investing in houses--houses, NOT homes.
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AL LABRUNA: Besides that (in 7-27-09, 3:02 am) you are describing what this City used to be and what suburbanites wanted to get away from and what everyone now wants to get back to, in describing about poochs and cleaning up--those are the fast developing Reig and Reitt neighborhoods--transient tenants don't care,they simply move elsewhere and real estate "investors" are happy to accommodate such transiency.
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We have a fast growing population who wants to and have been enabled to live only for the moment. If that moment becomes too intense and dirty, they move their moment to a different location. TTs living their moments are probably impossible to change anymore.
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Taxpaying live-in homeowners are the newest form of slavery.
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Therefore, paying $46,000; that's about where its at!

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In other words, they '...they move their moment to a different' location, location, location...

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wow

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as long as the house has a solid roof and is structurally sound, i can work with it. interiors are easy as long as there's a roof over your head.

i'd say the most important things are the size and general layout of the house and yard. a garage or at least a driveway is also key at this point for me.

the neighborhood is important, but a luxury to some extent. take a house out of the 14222 zip code and move it to south buffalo and the price will be slashed at least in half, yet the crime rate (and the perceived "safety") will be about the same or less. so what are you paying for? it's almost like a brand name vs a store brand. you're just paying to say you live in "X" neighborhood. to some people that's important and i won't knock it, i'm just putting things in perspective.

proximity to jobs and shopping is also important. i like to walk as much as possible, and i don't want to get in the car and drive 20 minutes every time i need a gallon of milk. i'm also not a fan of long commutes. or any commutes really.

now price, that's the most flexible of all. nearly any price is acceptable as long as the house reflects its worth. $40,000 for a solid house with a good roof in a vibrant neighborhood, but a trashed interior is a steal. $240,000 for a big house with a leaky roof and cracking foundation, but granite countertops, marble floor tile, and fresh paint is a rip off.

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What I am seeing daily with my clients looking for homes anywhere--Location matters but condition will drive the price up and in many cases buyers are competing.
The bidding wars in North Buffalo are crazy- so if you want to sell or live in this area- make sure it's on a great street and you can get a great ROI.
contact me if you need any help researching any real estae issue. I'd be happy to help.

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i recently just bought as well, but i did pretty much the opposite of what a lot of people here are doing. i only moved here a few years back, and was fortunate to randomly find a suitable apartment in the Elmwood area (st james).

i loved it, couldnt leave. im young as well. so, got a hold of a realtor, and gave them my desires. 2 family, 120k-180k, Richmond to Delaware, North to Forest. i must have sifted through about 40 homes for sale that fit that criteria. Almost all were over priced and required a LOT of work, it was weird. ie a fantastic neighborhood, Inwood came up, the back half of the building was literally falling off of the rest of it, ripping the roof 4-6 cm every 5 years, and a garage that was falling apart, all for the low low price of 175k.

but i waited, and waited, and waited, and one showed up, i went to drive by it that day, liked what i saw, it was priced reasonably, nothing too fancy, nothing falling to the ground, the home inspector could not have been happier with it, needed nothing, put offer, accepted, all while the house never even made it to the listings the public can see.

but in the end, its mine. rent prices surrounding me over the past few years have gone from 625 up to near 900 depending on the apartment, and there is no shortage of young professionals wanting to move into the Elmwood district.

This effectively brought the cost of the house to half for me, and will only continue to eat into it. in the end i pay the rent i would have paid to live here, maybe a couple hundred less, and i own it, and it slowly but surely goes up in value as a prospect for investors. my yard isnt huge but its decent, my driveway only fits two cars, no garage, my house isnt the biggest, or the most unique, but it makes a good investment for myself

so, there are different ways to do everything, mind you, again, im young, not married, and no kids. so what i think is worth while is not going to be for someone else, and in reality, it probably wont be for me for ever either, but for right now in my life, im pretty happy with my decision.

PS. dcoffee your home is beautiful, good job, come up to Elmwood some time and lets chill.

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We found our house on University across from the University. They are beautiful, old homes with many ammenities added by former owners.
Main Street is coming back with eateries.

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