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My family and I went down about 5 times in the past two years. Due to job circumstances we weren't able to relocate, yet. Seems the house prices in Cary are going up and up and up, while the prices where I am are stable or even declining.
I was looking for a 5 bedroom home for about $300k. I don't mind if the house is older, as long as it is in decent condition. I would like a decent sized level lot with trees.
Now, it seems I may be priced out of Cary! There are some neighborhoods too that I saw around Maynard that are really "iffy." Where, if anywhere, are the affordable 20 year old split levels?
My family and I went down about 5 times in the past two years. Due to job circumstances we weren't able to relocate, yet. Seems the house prices in Cary are going up and up and up, while the prices where I am are stable or even declining.
I was looking for a 5 bedroom home for about $300k. I don't mind if the house is older, as long as it is in decent condition. I would like a decent sized level lot with trees.
Now, it seems I may be priced out of Cary! There are some neighborhoods too that I saw around Maynard that are really "iffy." Where, if anywhere, are the affordable 20 year old split levels?
Does it have to be Cary? With that budget you can find a great home in other locations.
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Quote:
Originally Posted by bargainmom
My family and I went down about 5 times in the past two years. Due to job circumstances we weren't able to relocate, yet. Seems the house prices in Cary are going up and up and up, while the prices where I am are stable or even declining.
I was looking for a 5 bedroom home for about $300k. I don't mind if the house is older, as long as it is in decent condition. I would like a decent sized level lot with trees.
Now, it seems I may be priced out of Cary! There are some neighborhoods too that I saw around Maynard that are really "iffy." Where, if anywhere, are the affordable 20 year old split levels?
FWIW, they quit building split-levels more than 20 years ago. Most are from the 1970's. I know, seems like yesterday to me, too.
Housing prices are being drawn up by new construction prices.
There are tons of older split levels around, but 5 bedrooms are a little scarcer. They still exist, though, and there are a few under $300,000.
Most of the older homes in the Cary area built in the 70's are not going to be 5 bedrooms. They just weren't built that way back then. Your best bet is to find an older split level for 200K that you can add on to.
Status:
"Made the Retirement Run in under 12 parsecs!!!"
(set 6 days ago)
Location: Cary, NC
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Quote:
Originally Posted by lamishra
Most of the older homes in the Cary area built in the 70's are not going to be 5 bedrooms. They just weren't built that way back then. Your best bet is to find an older split level for 200K that you can add on to.
Right, to some extent.
Split levels are the least desireable home design. It is reasonable to resist investing much money in expanding one, when they tend to be less marketable.
The 5 BR homes I mentioned are not split levels, although one may be a split entry.
There are also a few basement homes with a bedroom down.
Right, to some extent.
Split levels are the least desireable home design. It is reasonable to resist investing much money in expanding one, when they tend to be less marketable.
The 5 BR homes I mentioned are not split levels, although one may be a split entry.
There are also a few basement homes with a bedroom down.
It's amazing how that style...that was SO popular, has fallen so far out of favor.
I've been in a few updated one that were quite nice (completely lost that 70s look even with the floor plan) but I don't know how they actually are to live in.
Either way, no matter the floor plan, it's going to be few and far between to find a 70's built house with 5 bedrooms in this area unless the owners have converted a basment or added on. I'm just suggesting that if you like the older style neighborhoods, you might try to find one for less than your price range with enough acreage to add on to.
I like using the hpw.com or fmrealty.com sites to do searches on houses. Just put in Cary, min of 5 bedrooms and a price less than 300,000. It returns six house with 5 bedrooms under $300K in Caryr ranging from .24 acre to more than 1 acre; 2,400 sq. ft. to 3,100 sq. ft. and from 2 -3 bathrooms. I think there are affordable options left in Cary, if you look for them.
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