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I'm new to Charlotte and NC, so I'd like to ask...
Is this a good neighborhood? The homes in the subdivision are worth $130-195k. My home I'm looking to buy would be $135k, new construction. (Debating between True Homes builder or Timberstones Builder)
I'm new to Charlotte and NC, so I'd like to ask...
Is this a good neighborhood? The homes in the subdivision are worth $130-195k. My home I'm looking to buy would be $135k, new construction. (Debating between True Homes builder or Timberstones Builder)
Thank you
It's not a "bad" area and is actually kind of pretty.
BUT there are a ton of foreclosures on that end on the county and I would be afraid for your investment, as well as for what kind of new residents the foreclosure rate might be attracting. Basically, there are more stable areas I might consider if I were looking to buy.
My best advice - spend some time there after dark and on weekends to see what you see and whether or not you get a good feel for the neighborhood - then decide.
I wouldn't buy new construction right now..... You could find a nice foreclosure or short sale type situation better appointed and without builder markup on items.
New Construction in this market? You will be in a negative situation in a year.
I wouldn't buy new construction right now..... You could find a nice foreclosure or short sale type situation better appointed and without builder markup on items.
New Construction in this market? You will be in a negative situation in a year.
What if I'm planning to hold the house for a minimum of 9-10 years? The housing market is super low right now, I doubt it will go much lower. I'm not handy at all, I can't fix crap. That's why I want new.
Like yourself I didn't know much about the area either. I felt the same about the market not going much lower but there are others who disagreed with that opinion too. Unlike yourself I'm pretty efficient when it comes to updating and repairs. I bought new based on my due diligence which included the best bang for the buck. Buying new today and being in a negative position in a year would truly be based on paying too much for buying new to begin with. We ended up buying new in Huntersville and our plan is to stay put for next the next 10 years. I think your right on with your analysis and opinions too! Good Luck!
I think the price point is marginal, but that area is not my favorite area of the city.
The area isn't really convenient to anything, and the commercial/retail in that area hasn't "caught up" with the residential yet. There are TONS of empty lots there, so you will have lots of "new build" competition if you have to sell anytime soon.
Not sure what school district you're in, but Gunn ain't a great school either.
I don't care for that part of town either. And even if you think it's convenient to work, do you really think you'll have the same job in ten years? You're young and you really should take the solid advice you've been given on this site.
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