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Reply to "Do we stay in DC or move to Baltimore?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Baltimore has plenty of grayed-out flips with Edison bulbs -- but they're mostly Hampden or downtown. The burbier areas aren't vying quite as hard for the Millenial market. [/quote] It sounds like you don’t actually live here. All those millennials moving from other cities, Canton, Fed Hill, Harbor East definitely care a lot about how updated a house is, and they are the people who are buying in North Baltimore suburbs. It wasn’t true of the Baltimore market until later than elsewhere but it has been the case for the past 5-7 years. I’ve sold two house in the Towson/Lutherville area in that time period. Unrenovated sells but at a discount unless the location is special.[/quote] Not only do I live here, I just bought a house here. I was looking extensively in Lutherville/Timonium and the vast majority of what I saw was either un-staged/un-renovated or was "staged" in the "LIVE, LAUGH, LOVE" aesthetic rather than the exposed-brick-and-Edison-bulbs aesthetic. *shrug*[/quote] Might depend on the price range, I guess. [/quote] Maybe? But I just glanced through the most expensive places in 21093 and if you don't count the $1.8m new build, all the next most expensive properties are either somewhat dated or quite dated. I stand by my assessment that it's just not a fashion-forward market. I think that's a good thing. I'd rather not deal with someone's hastily-installed herringbone tile etc. These are families selling, not flippers looking to make a buck on a buyer dazzled by gray paint.[/quote] Anything sitting now has already been passed over. I am not sure what you consider fashion forward, but I can tell you that even Baltimore buyers want kitchens and baths that have been redone within the past 10 years so, certainly in any property over $700,000. I don’t think they care about the wall color or lightbulbs, perhaps that is a dc thing.[/quote]
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