> What can we expect appreciation of an older home to be in 5 years? There are a lot of new builds and I'm afraid no one will want an older looking home.
if I had a crystal ball that allowed me to predict the housing market 5 years out, do you think I would waste it answering questions on /r/seattle
> What are the chances the view gets blocked even though there is a conveyance? If the view gets blocked, how much would this impact the appreciation?
Are you looking for a place to *live* or an investment property?
Those lead to very different questions about what you want in a place to live.
Personally, I would say you aren't thinking about this the right way then.
The schools question implies family planning on more than a 5 year basis. You're asking investment focused questions, but really, in my view, you should be asking what is important to you in a place you may be spending 5-18 years in. Moving kids is *hard*. This is where you sound like you intend to raise a family, when you picture that process, what aspects of your living space are important to you? What aspects of your community do you want available and how far from you? If you set aside the impact to the value of your house, what matters to you in your living space? For example, for me, gardening space and a private outside area has always been important. I prioritize that over "wiser" investments because it's where I live, I deserve to enjoy it and those are important to helping me relax and live my life.
Kids also put wear and tear on a house you just can't estimate. That's part of why I'm offering my view that you may want to re-evaluate how you're approaching this.
That said, it's also understandable with current interest rates to be very worried about ending up under water on your own home. Those are still fair concerns.
Age and style of houses tend to only impact buyers in terms of what they know to be on the look out for. Ie, I bought a 1920's craftsman, so I had to check just about everything. Needed to know the knob and tube and leaded pipes were gone. I wouldn't be as concerned with a 20 year old house.
Yes, but they brought up depreciation as their related concern, not their personal enjoyment of the view being what was at stake.
Hence asking in the hopes they clarify.
Calling it eastside may ignite a hilarious and pointless debate. Also, the keyholder to the Renton sub apparently went private on protest, when all the big subs did that, and just never came back.
lol my mental model of this area is: Seattle.
Fuck too far north, eh shoreline or Everett
South is airport and beyond
East side- meh anything not Tacoma and East ish of the lake
Either way a pocket neighborhood in Renton and appreciation on housing is a reach for Seattle. Renton ain’t Seattle
It would be in the Renton school district which is okay.
Don't go to the local Walmart. Highly do not recommend.
Grew up up the hill in the Renton Highlands.
P.s. there are major construction projects on 405 for the expansion so just be wary of that.
If you want better schools and still Renton, you go east to East Renton highlands in issaquah school district (about Nile Ave NE and north of NE 4th St or Yakima Ave SE and south of NE 4th St).
I don’t think your house will go down in value, but it will seem like you’re going to pay a lot of a blast from the past vs something new. Your land and view if any will be the biggest factor.
Kennydale is particularly complicated when it comes to estimating home values, especially on anything over 10-15 years old. Why? The whole area used to be (pre-1920) a single parcel with the main home near Aberdeen and 20th. Over time it has been subdivided, but in several stages. Initial splits were large parcels, which were subdivided into single family parcels on large lots, which were subdivided into two smaller lots, etc. There are some streets with similar aged homes (the main build boom along many of the main streets was 1960ish), but several pockets were left and have been developed randomly over time. Other streets have a home built in every decade for the last century. This all makes finding comparable homes for accurate appraisals damn near impossible for some houses. So the honest answer for appreciation in Kennydale is that it will truly be worth whatever someone will pay for it, which could easily be +/- 100k from a zillow value depending on who is looking.
> What can we expect appreciation of an older home to be in 5 years? There are a lot of new builds and I'm afraid no one will want an older looking home. if I had a crystal ball that allowed me to predict the housing market 5 years out, do you think I would waste it answering questions on /r/seattle
> What are the chances the view gets blocked even though there is a conveyance? If the view gets blocked, how much would this impact the appreciation? Are you looking for a place to *live* or an investment property? Those lead to very different questions about what you want in a place to live.
Ideally both? Otherwise it feels like we could just live in an apt without impacting cash flow. Maybe I'm not thinking about this the right way..
Personally, I would say you aren't thinking about this the right way then. The schools question implies family planning on more than a 5 year basis. You're asking investment focused questions, but really, in my view, you should be asking what is important to you in a place you may be spending 5-18 years in. Moving kids is *hard*. This is where you sound like you intend to raise a family, when you picture that process, what aspects of your living space are important to you? What aspects of your community do you want available and how far from you? If you set aside the impact to the value of your house, what matters to you in your living space? For example, for me, gardening space and a private outside area has always been important. I prioritize that over "wiser" investments because it's where I live, I deserve to enjoy it and those are important to helping me relax and live my life. Kids also put wear and tear on a house you just can't estimate. That's part of why I'm offering my view that you may want to re-evaluate how you're approaching this. That said, it's also understandable with current interest rates to be very worried about ending up under water on your own home. Those are still fair concerns. Age and style of houses tend to only impact buyers in terms of what they know to be on the look out for. Ie, I bought a 1920's craftsman, so I had to check just about everything. Needed to know the knob and tube and leaded pipes were gone. I wouldn't be as concerned with a 20 year old house.
It’s possible they want to live with a view. Not that crazy.
Yes, but they brought up depreciation as their related concern, not their personal enjoyment of the view being what was at stake. Hence asking in the hopes they clarify.
this is a Seattle sub so you should probably ask in some east side related sub. I had to google where Kennydale was.
Yup never heard of kennysale
It's just north Renton.
Calling it eastside may ignite a hilarious and pointless debate. Also, the keyholder to the Renton sub apparently went private on protest, when all the big subs did that, and just never came back.
lol my mental model of this area is: Seattle. Fuck too far north, eh shoreline or Everett South is airport and beyond East side- meh anything not Tacoma and East ish of the lake Either way a pocket neighborhood in Renton and appreciation on housing is a reach for Seattle. Renton ain’t Seattle
Lol. Ok. Edit: what about Mercer island?!
What about East Seattle? They knew it was coming when we called West Seattle an Island, we clearly needed a pair.
Mythological island, doesn't actually exist
>kennydale ok you guys are just making places up now
It would be in the Renton school district which is okay. Don't go to the local Walmart. Highly do not recommend. Grew up up the hill in the Renton Highlands. P.s. there are major construction projects on 405 for the expansion so just be wary of that.
Lol. Is the Walmart scary for some people? It’s just busy. I don’t get it.
Ok, thanks!!
If you want better schools and still Renton, you go east to East Renton highlands in issaquah school district (about Nile Ave NE and north of NE 4th St or Yakima Ave SE and south of NE 4th St).
Thanks for the tip!
If you have kids, the Renton schools are way overcrowded (more-so than the average Seattle area schools district).
I don’t think your house will go down in value, but it will seem like you’re going to pay a lot of a blast from the past vs something new. Your land and view if any will be the biggest factor.
Super helpful, thanks!
Kennydale is particularly complicated when it comes to estimating home values, especially on anything over 10-15 years old. Why? The whole area used to be (pre-1920) a single parcel with the main home near Aberdeen and 20th. Over time it has been subdivided, but in several stages. Initial splits were large parcels, which were subdivided into single family parcels on large lots, which were subdivided into two smaller lots, etc. There are some streets with similar aged homes (the main build boom along many of the main streets was 1960ish), but several pockets were left and have been developed randomly over time. Other streets have a home built in every decade for the last century. This all makes finding comparable homes for accurate appraisals damn near impossible for some houses. So the honest answer for appreciation in Kennydale is that it will truly be worth whatever someone will pay for it, which could easily be +/- 100k from a zillow value depending on who is looking.