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The intricacies of buying property
 

When it comes to buying prop-erty, the greater and more prominent a piece of land or apartment, the higher it is valued. But does that rule apply across the board in different cities? Just how far will the same amount of money go when buying property in different cities?

In The Grass is Greener, Discovery Travel & Living takes viewers to two different cities to reveal not just what kind of house could be bought there, but also to explore the hidden costs and savings that are specific to living in each place.

Two episodes of Discovery Travel & Living's The Grass is Greener premiere back-to-back from 7-8 p.m. on Saturday, August 16 and encore the following Tuesday at 4 p.m.

In The Grass is Greener, Discovery Travel & Living will talk to a local realtor about the housing market, visit three properties in different price ranges and hear from business owners and residents who will share the attractions and challenges about life in their town.

The journey starts with a comparison between property in Nashville and Miami Beach in the U.S. Both these towns love their music, but they each dance to a wildly different beat. Nashville is full of southern charm and the slow twang of country music while Miami Beach combines the sizzle of a tropical beach town with the irresistible rhythms of salsa and mambo. When it comes to housing, there's no doubt you'll double your square footage in Nashville, but one thing's for sure. no matter where you buy, you'll never have an ocean view.

If you can get at four-bedroom starter house in Nashville for $150,000, you'll have to double that to find an entry level home in Miami Beach. With no state income tax and a wide range of business and tax incentives, Miami Beach has attracted entrepreneurs and established companies alike. This town has also become a shopping mecca, posting an amazing $315 million per square mile in consumer spending. But is this to say that a beautiful craftsman-style home built in 1910 in Nashville's historic Belmont-Hillsboro neighborhood, which is within walking distance of Belmont University and Music Row, is no match for a condo in Miami Beach?

For those who want to be closer to Hollywood, how about Los Angeles with its perfect weather, spectacular surfing, and star-studded streets? Of course, wherever you buy in Los Angeles, you will need to think about earthquake insurance and central air conditioning, depending on where you live. But your winter heating bill will make you the envy of all your east coast friends. And to live the true Southern California dream, you can own a four-bedroom beach house in Malibu for $4 million. It's a long drive to Los Angeles, but you'll be lulled to sleep by the sound of waves every night.

Over in Anchorage, Alaska, for a moderate priced home, you can go to Mountain View, a community of multi-family housing where you can buy a four-plex for $200,000 or less and rent three of the four apartments; it's a great investment with the renters providing the bulk of the mortgage payment. For just under a million dollars, you can have an entirely different experience of Anchorage in a spacious, five-bedroom ranch-style mansion on Campbell Lake, complete with its own dock for your sea plane.

Looking at both locations, if you're looking to spend $300,000 to buy a home, you won't be able to afford much more than the garage in Los Angeles whereas in Anchorage, that same $300,000 can get you a spacious three-bedroom home with a view of the mountains and the occasional caribou in your backyard. But will the grass still seem greener after eight long months of winter?

Find out this and more about the ins and outs of home buying this August in the premiere of Discovery Travel & Living's The Grass is Greener.

 


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