Reply to I want to buy a house in Rehoboth. What should I know?

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[quote=Anonymous][quote=Anonymous]We bought in downtown RB twenty years ago. It’s been a great investment and has appreciated much more than our house here. I agree with all the comments made upstream.

For $2M, you will have a range of options in South Rehoboth, particularly the Country Club Estates neighborhood. As you drive into RB on Rehoboth Ave and see the big yellow Lingo building, hang a right and go down Scarborough. The neighborhood starts back there on the other side of Scarborough. I don’t see anything on the market there right now, surprisingly, but there are a few other places for sale in your range. The one on Philadelphia is tiny but adorable and would appreciate the most because of location.

I strongly recommend buying an older house if you want value. The new ones being put up are just slapped together and they all appear to have problems, even those built by “the best” builders. A lot of times people can’t see potential, when a simple coat of paint and some other changes will go a long way.

Will you reside there full time or rent it? We rent ours in the summer. Don’t believe what the realtors tell you that you will make - it is always less.

I’ll check back if you have any other questions. Happy house hunting![/quote]

PP, funny, sounds like we might be neighbors. It looks like there might actually be a former rental for sale on Scarborough for $2M:

https://www.realtor.com/realestateandhomes-detail/506-Scarborough-Ave_Rehoboth-Beach_DE_19971_M61863-17722?from=srp-list-card

FWIW, I am more of a walk on the beach when it's cold person, so we appreciate proximity to the avenue more than the beach itself.

Agree that traffic has gotten atrocious, so we typically ride ebikes between Rehoboth and Lewes. Love the trails--they've actually done a really good job of making the towns bike friendly.[/quote]

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