The crisis in the housing market has led to drastic price surge and lack of supply. Buyers are always in the prowl for the best deals and the available units are snatched even before others get the chance to take a look at the unit.
In the absence of affordable housing, gone are the days where a million bucks can get you a sprawling mansion. However, this shouldn’t deter would-be homeowners to scour the market for the best finds.
In the report compiled by HouseCanary, it is still possible for buyers to get a decent mansion for $1 million. That is, if you are willing to sacrifice a few things like shopping convenience, proximity to schools, cultural and other local assets, and access to airports and other means of transportation.
For $1 million, you can find the best deals in Lima, Ohio where you can bag a 9,435 square-foot house that sits on a four-acre property. This mansion would include four or five parking spots, five or more bedrooms, and four bathrooms.
For around the same price, homebuyers can also get the best deals in Alabama, specifically in Anniston, Jacksonville, and Oxford. There are also same offerings in Wichita Falls, Texas.
Contrary to what we are seeing in the news, it is still possible for homebuyers to get a luxurious property for $1 million. These mansions, however, are mostly located away from the hustle and bustle of the city life.