torn between two areas in deciding which will hold better resale in about 5 yrs

[maya07]

Thanks everyone for the feedback. We are seriously considering the new home in Beech Spring. We will be able to customize many things to our liking through the builder so hopefully we made the right decision

[SteviePee2]

Originally Posted by maya07

We actually moved to Louisville a year ago and are looking to purchase a home. We have looked all over Louisville and found two homes that are a possibility. One is a new home in Beach spring farms and another is an older home that has been renovated in Indian Hills. Because we have family on the west coast we most likely will be moving back there after my husbands' contract for work is up. I was interested to find out which home would allow us a quicker and more profitable resale in five years. Any input would be greatly appreciated. THANKS

Acknowledging that everyone wants their property value to increase, I find the choice of words "quicker and more profitable" as used in this context interesting. When I think of the term "profit" I think in terms that may not apply in this market. While that term may have been common in the "sexier" real estate markets on the west coast (and elsewhere), things just doesn't happen the same way in (most of) the midwest. As a midwestern homeowner for more years than I care to admit, it has been my observation that because of modest appreciation we tend to view homeownership as more of a long term investment than perhaps one would in other parts of the country. I think you would be better off assuming "gentle appreciation" during the short period you intend to stay as opposed to what you may have once enjoyed on the west coast...This regardless of where in L'ville you settle

Steve P

[mdawg]

Originally Posted by maya07

Thanks everyone for the feedback. We are seriously considering the new home in Beech Spring. We will be able to customize many things to our liking through the builder so hopefully we made the right decision

Beech Spring is a great neighborhood, i have a few friends who live there and love it. Its in a great location, close to shopping and the interstates.