When you're house hunting, finding an amazing house in your location of choice that doesn't require much additional investment seems like a huge score.

But is it really? Before making an offer on that picture-perfect home, take a look at the surrounding houses. If they're all in disrepair—or just obviously less nice than the one you’re considering—you might be buying the most expensive house in the neighborhood.

Maybe that seems awesome because you’ll get bragging rights and price of place! But more than likely, it's going to hurt you. Here's why.