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jack, i do think the building will stop in those areas simply because I think Charlotte will be extremely crowded in 5 years and their simply wont be any land left to build new communities in.
This is true, when the land has run out, so have the builders
The reality is that anything will sell for the right price (or more with the right hype?). What homebuyers need to realize is that, when purchasing a home built by a less reputable builder, they run the risk of having to begin making costly repairs much sooner than would be the case with a quality builder. How this affects the resale market becomes clear when the home inspection is done and the buyer and seller both have to face the fact that the home is not really worth what they thought it was and one of them will have to take it on the chin.
What concerns me a great deal about our current building "boom" is that the quality of construction is being overlooked in favor of more square footage or "upgrades" like a different color paint or carpet. If we're not careful, we may find ourselves left with "disposable" housing, just like everything else in our society.
The reality is that anything will sell for the right price (or more with the right hype?). What homebuyers need to realize is that, when purchasing a home built by a less reputable builder, they run the risk of having to begin making costly repairs much sooner than would be the case with a quality builder. How this affects the resale market becomes clear when the home inspection is done and the buyer and seller both have to face the fact that the home is not really worth what they thought it was and one of them will have to take it on the chin.
What concerns me a great deal about our current building "boom" is that the quality of construction is being overlooked in favor of more square footage or "upgrades" like a different color paint or carpet. If we're not careful, we may find ourselves left with "disposable" housing, just like everything else in our society.
I agree with a lot of your points. Also worth noting though that since these homes come with warranties it is most likely that the first owner will not face many costly repairs. When the house starts to go sour though and the second owner comes in, he may have a lot of unexpected repairs if the house starts falling apart.
The most impact on a particular home price will be how well the owner of that home took care of it. You can take a well designed home in any price range and throw a unconcerned lazy homeowner in it and see that home go to seed....It's just awful how some people treat their homes. I got a gal up the street who has a 100 year old colonial, no more than 1000 sq. ft who has that place fixed up to the point it brings the 4500 sq. foot home beside it looking like a heap of trash.
I have heard wishy washy things about Mccar homes, but I love some of their floor plans. Also, I own a KB Home and we have had some problems. I have heard nothing but good things about MI homes, St. Lawrence homes, Ryan homes, and Khovnanian homes, etc.
We bought an MI home, they have issues as well. The finish work is some of the worst I have seen. Dry wall, trim, painting is all really low quality work. I mean how hard is it to use a square??? Don't get me wrong, they are not all bad, but MI is far from a good builder.
I would say the same about our builder. They are not on that list, yet still a popular area builder. It is disgusting how badly the homes are built, and that it was allowed!
I would say the same about our builder. They are not on that list, yet still a popular area builder. It is disgusting how badly the homes are built, and that it was allowed!
Unfortunately, sometimes a particular neighborhood gets a bad/less experienced work crew and supervisors - but overall MI has built some really nice, sturdy homes in Charlotte. I'm sorry you had a problem!
Not necessarily, builders are now knocking down older homes & neighborhoods & erecting new ones in their place.
No kidding - I have been watching this for five years and find it all quite disconcerting. Have you noticed that $1 M house right on Carmel road w/ the brick fence - now under construction? We cannot believe that is spec house but it has a for sale sign out front. We have seen so much being torn down along Carmel. That particular house - we wonder if someone's loan fell through. Just can't believe a builder has done a spec house at that particular spot in that price range.
Tearing down homes is no longer unusual it appears. Carmel is a super location but I would want in the Country Club if I were gonna spent that kind of $$$$.
About MI homes : A few years ago on our house quest we drove through many ,many ,many ,neighborhoods. I cannot recall the development, it was MI . BUT what I do recall was A VERY UPSET man, literally running out of his home when we drove up to the model located right next door . WHY was he running out? To beg of us not to buy from this builder. He gave us an earfull.
We felt bad form him.
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