Last month, we took a little trip around the country with $250,000 to spend on a home. Today, let’s do it again, but we will up our budget to $500,000. What type of homes will we be able to buy for $500,000? Use the links for each spot to see what is currently on the market.
I spent some time as a high schooler in Colorado Springs. The mountains are amazing! Back then, searching for a home for sale with a $500,000 budget would have stretched a little further. Single family homes with two to three bedrooms with around 2,500 square feet are what our budget will get us today. There is a mix of new construction and pre-existing in a variety of home styles. The most popular being ranch, split levels, and craftsman. There are even a couple mid-century modern. Use the link above to see what is currently on the market.
Ready for sunshine, ocean breezes, and beaches? Cocoa Beach, Fl on the Atlantic side has plenty of homes for sale. The closer you get to the ocean, the smaller your home will be, but with a beach as your backyard, who needs a lot of space inside anyway? At almost $500,000, you can purchase an apartment or condo with two to three bedrooms within walking distance to the beach. A little further back or near the Banana River, you can invest in a ranch home with slightly more inside living space and a yard.
If city life is more your speed, then check out these homes for sale in New York City. It will come as no surprise that $500,000 dollars isn’t going to buy you much square footage in the metropolitan area. A move-in ready apartment with 600 square feet, either studio or one bedroom, seems to be the most popular set up on the market. Don’t expect to find more than one bathroom. If you are more ambitious, then there are some fixer up homes available.
Interested in finding an area where you can get some more bang for your buck? Check out the homes for sale in Cordova, TN! A striking difference from Cocoa Beach and NYC, you can find homes with plenty of space both inside and out in Cordova. New construction and pre-existing homes with four to five bedrooms, at least three bathrooms and lots of square footage abound in Cordova. Craftsman styled on the outside, colonial, and grand traditional homes are all available for sale.
