Indianapolis is now one of the ten U.S. cities for jobs and housing. Even the downtown and suburban areas are exploding with growth. With that, there has been a lot of sprawl in a lot of communities here. When looking to purchase Indianapolis real estate, there are some things you need to consider in regard to your home and neighborhood before you purchase:
Finding the right location is important when looking to purchase Indianapolis real estate. In Indianapolis, there are quadrants that are divided based on income and requirements for employment. If you are employed at a factory, then more than likely you will live on the south or upper west side of the city, near the Park 100 Complex. There are many industries that have moved to the upper west side. With the commerce at 86th Street and Michigan, it has brought an increase to the local economy.
If you are looking for housing that is cheap and affordable in the metro area or near retail and fast food areas, then you may want to look at the west side. With the new construction on that side almost completed, this area has become a location where people are going to due to easy access of interstates, in addition to food and retail. Depending on the neighborhood, Indianapolis real estate will vary in value. Plus, with a Speedway gas station close by and West 38th Street, the demand for housing has increased. In the past few years, there has been an upswing within the neighborhoods.
The north side is worth looking at if you are looking for a more upscale place or want to be close to 82nd/86th Street. On the north side of town is where you will find the best malls. Keystone at the Crossing is one of the largest office parks in the state of Indiana. You will find it at the intersection of 86th Street, Keystone and I-465. This is a hot area in the Indianapolis real estate market, because it is so close to work, eating and recreation. With the upscale jobs, you will get a better home for the value and better neighbors, which can be nice when looking for a home.
If your budget is limited, you should look at the central and east side of town. There is plenty of low income housing in Central Indianapolis that is very attractive. You will find an eye for rentals, duplexes or homes that you want to flip. In addition to that, there has been conversation regarding a train system being installed using the State Fair tracks. This areas are already started to increase in value in Indianapolis real estate.
When it comes to looking at options for Indianapolis real estate, the east side is affordable. Because of low income housing, the property values have decreased. There are plenty of homes available due to the closing of main factories on this side of town. If you are interested in the development of a large parcel in the Indianapolis real estate market, this is something worth looking into.
Whatever your goal is when it comes to looking at Indianapolis real estate, there are many properties to choose from that have high and low values. The market in Indianapolis is worth looking at, from high rise apartment to suburban homes.
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I feel for you brother and unfortunately have no magic answer. Selling stock or 401k now violates my basic investing principle of buy low, sell high and would wipe out your only true nest egg. I have several not so pleasant ideas. The first would be to simply sacrifice your credit and default on the credit cards. We are both in our forties and own homes. We can stash cash for a car and other needs. Worst case the credit card companies get a judgment against you. Without a job it would be hard for them to collect via garnishment. Second you may have to dump that paid for rental for whatever you can get even if it means taking a loss. Lastly have you thought about bailing on school and getting back to work? I know this would suck and you are vested both mentally and financially in that degree but it may be best to put it on hold. Not give up on it with so little to complete but it may have to take a back seat for the greater good. Good luck to you brother.
We used to live in indianapolis , the main road is Rockville rd. we lived there for 7 years . owned a home around Rockville rd and another street was highschool road. our zip was 46214. at the time we used countrywide .. as the realstate.. anyway I understand about not knowing especially when u have NO idea what u r getting into.. your zip sounds like u r moving out near kentucky ave.. I believe that is a nice area.. a little newer than where we lived.. I wish i could help more with the looking part . good luck to u!!
Nice house, nice Rottweiler… too bad I live in Texas!
That is a nice house. I wouldn’t mind taking a look at it if I lived in that area. It looks like it would make a nice private property, it’s a shame to see it go to rot watching it waste away like that empty. Hell, I would even take the dog assuming it got along with the cats. That’s a friendly Rot.
Rottweiler friends with Realtor? Professional courtesy I would say. LOL.
Nice house and would be something I would like to buy provided there is not an HOA. I would install a nice 90 foot crank up tower for my ham antenna.
Why isn’t the house on the market? The banks are holding back because if they put all the REO’s into the MLS, it would swamp the market.