The thought of spending $250,000 on a single purchase can make anyone sweat. But a home is an investment that can last generations.
Unfortunately, sometimes it’s only worth as much as its zip code. In The Know has taken a look at what a quarter of a million dollars can get you in four U.S. cities.
First, take a look just outside of New York City at Long Beach. The generous budget will get you a modest but cozy 550-square-foot condo. A partial ocean view adds a charming touch to the one-bedroom setup. We’ll call it a sweet spot in a pricey area.
But if the east coast is not your thing, head out west to Santa Clarita. For the same price tag as that tiny condo, you’ll get an 809-square-foot townhouse with two beds and one bath. Be sure to factor in some of the local amenities. You’ll also have access to a pool, playground and boundless nature. The city is full of parks, biking and hiking trails.
Those seeking a little more legroom will want to head inland to San Antonio, Texas. There’s more space here than the two previous properties combined. This 2,913-square-foot single-family house has more than just curb appeal. It has six beds and four bathrooms.
For the more adventurous, try living on a houseboat in Portland. The 834-square-foot is less like a vessel and more like a house that floats. Not to mention it’s still larger than that Long Beach condo. The location promises excellent river views and is teeming with nature.
Purchasing a home is a big commitment but if you’re willing to relocate, you might be able to find exactly what you’re looking for.
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