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Old 01-26-2018, 07:49 PM
 
Location: Cary, NC
36,150 posts, read 62,936,864 times
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Quote:
Originally Posted by rfb View Post
Given the option of a high-quality resale vs. a new home of lesser quality, at the same cost, I would always choose the higher-quality home. I can't imagine spending $400K for a Pulte home - has the market really come to that point?
Pulte builds much more expensive homes than just $400,000, and has for many years.
I see Pulte resales as high as the upper $700,000s.
And, until Lennar bought CalAtlantic, Pulte sold more homes in the Triangle than any other builder.
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Old 01-26-2018, 07:51 PM
 
Location: Raleigh NC
17,310 posts, read 9,868,154 times
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Quote:
Originally Posted by OUTISD View Post
That's the part i dont understand as it seems the new construction offer similar square footage/bath/beds but only a slight increase in terms of price compare to resale. Either the resales are priced too high or the new construction is lacking in quality or maybe the base price is misleading.
I see that others have weighed in, but shortly and sweetly ...
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Old 01-26-2018, 08:19 PM
rfb
 
Location: Raleigh, NC
1,970 posts, read 5,410,230 times
Reputation: 1514
Quote:
Originally Posted by MikeJaquish View Post
Pulte builds much more expensive homes than just $400,000, and has for many years.
I see Pulte resales as high as the upper $700,000s.
And, until Lennar bought CalAtlantic, Pulte sold more homes in the Triangle than any other builder.
Wow. I would personally avoid those homes, but others obviously don't agree .
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Old 01-27-2018, 07:42 AM
 
Location: Chapel Hill
138 posts, read 93,281 times
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Quote:
Originally Posted by poppydog View Post
That budget is doable in Chapel Hill. Have you looked at Winmore or Claremont? Both are new neighborhoods with some homes in your budget.

I think that commute from Cary would get old really quickly for me. It's not a pleasant drive. It also will cost a lot more in gas and wear and tear on your vehicle so add that into your budget.
Thanks, we'll look into it.
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Old 01-27-2018, 09:24 AM
 
743 posts, read 1,836,439 times
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Father is a home inspector and says stay away from national builders. Taylor Morrison just built a bunch in Wake Forest that pipes keep freezing. It's because some of the pipes have been routed to the outside when they should be in the inside. That's will probably be only a minor issue compared to the other ones that will pop up.
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Old 01-27-2018, 10:00 AM
 
2,271 posts, read 1,574,929 times
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Quote:
Originally Posted by Jkgourmet View Post
Rule #1 with new construction: Add a minimum of 20% to the base price to cover the upgrades you are absolutely going to want.

Some of this depends on the builder. Some builders include more with their base pricing. Lennar has granite countertops included. Not sure about the others.
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Old 01-27-2018, 10:24 AM
 
Location: Chapel Hill
138 posts, read 93,281 times
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Quote:
Originally Posted by mjohnson185 View Post
Father is a home inspector and says stay away from national builders. Taylor Morrison just built a bunch in Wake Forest that pipes keep freezing. It's because some of the pipes have been routed to the outside when they should be in the inside. That's will probably be only a minor issue compared to the other ones that will pop up.
That's not good to hear about Taylor Morrison. Does NC code allow the pipes to be routed outside knowing we have winters with below freezing temperatuers?
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Old 01-27-2018, 11:30 AM
 
2,565 posts, read 2,649,847 times
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Lot size and landscaping maturity are also impacted by new vs. Resale.
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Old 01-28-2018, 06:48 AM
 
743 posts, read 1,836,439 times
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Quote:
Originally Posted by OUTISD View Post
That's not good to hear about Taylor Morrison. Does NC code allow the pipes to be routed outside knowing we have winters with below freezing temperatuers?
Apparently it's a whole street in Reynolds Mill having this issue when the temp only falls a bit below freezing. The homes are only 1 year old.
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Old 01-28-2018, 07:02 AM
 
43,385 posts, read 17,903,053 times
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Quote:
Originally Posted by mjohnson185 View Post
Apparently it's a whole street in Reynolds Mill having this issue when the temp only falls a bit below freezing. The homes are only 1 year old.
Yikes!

There are a lot of expenses with new homes aside from working out construction wrinkles such as this.

Landscaping, window coverings, upgrades, ... all need to be factored in.
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