[QUOTE=highangle;4572452]If you plan on buying for eventual resale, as in making improvements, be sure you're not the most expensive home in the neighborhood when it goes back on the market.
Well, it's a pretty strange area price wise. There's a comparable much shittier one on the same street. It looks awful. There's a few blocks of houses like these vintage and looks wise, but they are all bigger and go for more money, sometimes double even though they look about the same. But in the surrounding neighborhood (you could almost say that all of Ocean Springs is a neighborhood) the houses within half a mile for $659k.
If the other homes in the neighborhood are of similar vintage and level of improvement, I wouldn't expect the neighborhood to support much new $$ down the road, particularly in the white flight South. There is $$ to be made (or lost) in homes this cheap though. Particularly if the neighborhood works for you.
Similar vintage, but this one is in about as good of shape as it could be from what I've seen on inter web pictures.
What's the status of Keesler AFB? A bustling base in the area may add liquidity to a neighborhood with military and other financing options, for example.
No clue about the AFB. I've only visited for 3 days and over a weekend and didn't hear any jets
Have I used the word "Neighborhood" enough?
Good note about buy the worst house in a good neighborhood and not the best house in a bad neighborhood, but well aware of that one.
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