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I am interested in a house built in 2007 which looks atleast to me to be in great shape.
Was talking to a coworker about it and he mentioned that he would NEVER buy a house built during the bubble (2003 - 2007)? I asked him why and his rationale was that they built houses so quick during that time to cash in that they must've missed a few steps.
I know this is only his observation, but does anyone on the board feel this has any merit?
I am interested in a house built in 2007 which looks atleast to me to be in great shape.
Was talking to a coworker about it and he mentioned that he would NEVER buy a house built during the bubble (2003 - 2007)? I asked him why and his rationale was that they built houses so quick during that time to cash in that they must've missed a few steps.
I know this is only his observation, but does anyone on the board feel this has any merit?
Might it be your friend cannot afford what you are looking at buying?
Or it sounds like your friend bought a new house during that period and had a bad experience so of course "all" houses built during that time are now bad?
Before the bubble there were still deadlines, competition from other neighborhoods and pressures to do it cheaper (and getting done faster=cheaper due to less interest and overhead). So there has always been reasons for some builders to cut corners.
Maybe if there was some qualification, like "tract built homes / low priced subdivisions / homes built in areas with lax inspection procedures should be avoided" OR basically anything that based on logic / facts MIGHT be worth considering but there is no serious way to deal with randomn conjecture like "they must've missed a few steps".
Honestly, there is flat out NO CORRELATION between speed & quality -- I have seen homes that went from excavation / foundation to fully occupied in under 90 days that are of superb quality and those that dragged on for over a year that are utter junk. What matters is the choice of materials, the skill of workers that used the materials and proper techniques.
There are undoubtedly a large number of homes of EVERY age that were NOT built with high quality materials by folks who knew what they were doing and the way to avoid such poorly built homes involves a lot more than merel looking at when it was built...
Quote:
Originally Posted by farcry80
I am interested in a house built in 2007 which looks atleast to me to be in great shape.
Was talking to a coworker about it and he mentioned that he would NEVER buy a house built during the bubble (2003 - 2007)? I asked him why and his rationale was that they built houses so quick during that time to cash in that they must've missed a few steps.
I know this is only his observation, but does anyone on the board feel this has any merit?
Unless the neighborhood you are looking, used the same builder and has has the reputation of poor quality homes, I dont see an issue. Every home is unique. Some builders do a good, some do not.
Location: When you take flak it means you are on target
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If the house was properly inspected during construction it should be fine. Which doesn't mean anything. A GOOD home inspector can tell you if the place is quality or not. The main thing I'd watch for in the time period is the bad Chinese drywall though as I recall that was mostly limited to certain areas, also with newer construction make sure what your roofing is made of. Cheap singles? Tile, some only looks like tile but is actually plastic composite. Etc.
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