Chatham Real Estate
I have been looking to buy my first house/townhouse/condo and have been looking into various cities. Given that I dont want to put a huge sum at once, rather wanted to go step by step , I have quite a limited budget to start with. With that, GTA and nearby cities are not very feasible. I have been looking into Windsor/Chatham/London areas and found some houses in Chatham area that would be good for me as first time home buyer.
I wanted to get your opinion if it is wise idea to invest in real estate in Chatham?
I don't expect crazy appreciation , but I'm looking for some rental income as well to sell it in near future (3-5 years) with some profit margin.
1- do you think house in Chatham can be sold with some profit margin in next 3 years? or you think the resale of old house would be very hard in those cities? I'm looking for a 3 bedroom house for about 230K-250K range.
2- Would it be easy to find tenants in those cities or I would have vacant house for most of the time?
3- is it overall good idea to put money in houses which are of range 230-250K?
your opinion would be very much appreciated!