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David and Joan Ostrand

featured tip

Should you dig deep and buy a dream home or settle for a starter home?

Choosing between a smaller house in an affluent neighborhood, an older, bigger house in a more working-class community or a brand-new home is not easy. If you're in this situation, start by examining your priorities and asking the following questions:

  • Is the surrounding neighborhood or the home itself the most important consideration?
  • Is each of the neighborhoods safe?
  • Is quality of the schools an issue?
  • Do any of the areas seem to attract more families with children or adult residents? And where do you fit in?

As for the return on your investment, home-price appreciation is hard to predict. In the late 1980s, and again 10 years later, the more expensive move-up housing appreciated wildly. But during the recession that followed, smaller homes tended to hold their value better than more expensive ones.

Copyright © 2006 Inman News
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homes for sale

FEATURED HOME: THE OAKS SUBDIVISION

5010 S 124 St, Omaha, NE 68137
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MLS Num: 20711622
Listing Price: $140,000
Style: Split Entry
Approx Total Finished Sq/Ft: 1,965 - 1st Flr 1,141 2nd Flr 0 3rd Flr 0
Below Grade: 824
Basement (Yes): 100 %
Walkout: Yes
Rooms: 8 Bedrooms: 3 Bathrooms: 2
Garages: 1 Garage Type: Attached
Fireplaces: 0 Year Built: 1971
Tax Year: 2006 Taxes: $2547.20
Grade School: Norris
Junior High: Millard Central
High School: Millard South

DESCRIPTION: PEACEFUL, QUIET STREET CLOSE TO MILLARD'S NORRIS ELEM SCHOOL. SPACIOUS LIVING ROOM IS GREAT FOR RELAXING OR ENTERTAINING. 3 ROOMY BEDROOMS UP, PLUS A WALK-OUT BASEMENT THAT INCLUDES FAMILY ROOM, AN EXTRA NON-CONFORMING BEDROOM W/ BEAUTIFUL & UPDATED 3/4 BATH, AND AN OFFICE. A CONVENIENCE, FRIENDLY KITCHEN WITH ACCESS TO THE DECK WHICH OVERLOOKS THE SERENITY OF A LARGE, FENCED YARD. IDEAL FOR EASY LIVING. See interior room photos»

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