Real estate tips: How far your money can go

9:17 AM, Feb 25, 2013   |    comments
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By Jennifer Blome

ST. LOUIS (KSDK) - The winter storm on Friday delayed our final installment of Real Estate Week, so we're bringing you a special edition.

All last week we gave you tips on changes to make to help sell a home, how to find an agent, and mistakes that can prevent you from getting your dream home.

Now we're taking a look at how much home your money can buy you and as realtors will tell you it's all about location, location, location.

Let's start in the $250 range. We'll show you a couple of different properties starting with a downtown condo.

Your money will get you two bedrooms, two baths, and about 1,700 square feet. Don't forget though, condos come with condo fees.

If Clayton is where you want to be, you're probably still looking at condo living for that amount of money. Again, two bedrooms, two baths.

The condo we looked at has about the same square footage, 1,700, but the condo fees are higher.

Our comparison for $250,000 is in Wentzville. It has four bedrooms, three baths. It's a big house with 2,400 square feet with a deck in the back yard. One of the big draws for your money is a three car garage.

We also wanted to show you the difference in properties that would cost you around a $500,000.

That kind of money would get you a downtown condo with two bedrooms, two full baths and a half bath. The square footage of this condo is about 2,800.

Now let's take you to a home in Clayton. That same $500,000 will get you a house.

One example is an all brick home with three bedrooms and two baths. The square footage is smaller though at about 2,200 square feet.

And if you don't mind living a little further away from the city, $500,000 does buy you a lot more.

One home in Webster Groves with six bedrooms and four baths is just over 3,000 square feet. And be prepared to buy a lawn-mower. This house sits on about a third of an acre.



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