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Raleigh, Durham, Chapel Hill, Cary The Triangle Area
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Old 04-07-2008, 06:28 PM
 
27 posts, read 47,764 times
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Default Condos and townhomes in Cary/Morrisville below $180,000

Searching through the various realtor websites, I see a fair amount of condos and townhomes in Cary/Morrisville priced below $180,000.

Are there any subdivisions in this price range that are preferred in terms of quality of construction or for being well-maintained?

On the flip side, are there any that you would avoid or that you have heard bad things about?

Is price a measure of quality or more about square footage? There are a few listings right now that are below $100,000.
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Old 04-07-2008, 08:13 PM
 
Location: Cary, NC
19,422 posts, read 30,315,315 times
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Quote:
Originally Posted by confused about Triangle View Post
Searching through the various realtor websites, I see a fair amount of condos and townhomes in Cary/Morrisville priced below $180,000.

Are there any subdivisions in this price range that are preferred in terms of quality of construction or for being well-maintained?

On the flip side, are there any that you would avoid or that you have heard bad things about?

Is price a measure of quality or more about square footage? There are a few listings right now that are below $100,000.

Condos and townhomes are two completely different housing options.

I don't think it is true that "You get what you pay for."
I think it is very true that "You don't get what you don't pay for."

Price can be affected by quality.
Location is key. Some of the cheap condos you cite are in great locations, but not great buildings.
Some of the cheapest townhomes are within spitting distance of CSX/Amtrak tracks.

I think that there is workable housing in the low end Morrisville/Cary townhome market, in the $130,000-$140,000 range.
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Old 04-07-2008, 08:25 PM
 
27 posts, read 47,764 times
Reputation: 12
Thank you for the advice. Some of the prices seemed too good to be true. I eventually will work with a realtor if I decide to stay in this area. I was transferred here and I am trying to make things work. The people here are very friendly and nice.

My concern is whether I can afford to stay in the Triangle and I don't want to take up a lot of an agent's time if I can't afford to stay here.

One more question...I googled the addresses and I see the proximity to the trains for many of the lower price properties. How about the Cheasapeake condos? They don't seem to be close to a train, but maybe they have other issues? Problems with the construction quality or something?
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Old 04-07-2008, 09:23 PM
 
Location: Cary, NC
19,422 posts, read 30,315,315 times
Reputation: 16389
Quote:
Originally Posted by confused about Triangle View Post
Thank you for the advice. Some of the prices seemed too good to be true. I eventually will work with a realtor if I decide to stay in this area. I was transferred here and I am trying to make things work. The people here are very friendly and nice.

My concern is whether I can afford to stay in the Triangle and I don't want to take up a lot of an agent's time if I can't afford to stay here.

One more question...I googled the addresses and I see the proximity to the trains for many of the lower price properties. How about the Cheasapeake condos? They don't seem to be close to a train, but maybe they have other issues? Problems with the construction quality or something?
Chesapeake is not close to train tracks.
Check out the HOA dues.
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Old 04-08-2008, 05:22 AM
 
Location: Raleigh, NC
998 posts, read 3,404,111 times
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At Chesapeake, don't get the bottom floor. Always seems to be water issues. Good luck.
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