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Old 06-19-2014, 09:46 AM
 
86 posts, read 125,422 times
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I am planning to relocate to West Plano from Los Angeles in 2015 Summer. Work location is Plano. My kid will be entering high school in Aug'2015. Budget is $400K to $600K. Reading all the threads and understanding as much information as I can. Many thanks to all the contributors for sharing such a valuable information.

While looking at available homes, I observed that new construction in Avignon are much expensive compared to older homes. I have also seen many discussions related to foundation issues in Dallas. How relevant is foundation problem for Mid 90 construction homes in Plano? I have also observed few homes constructed in Mid 80s. Appreciate any advice on buying a 80s, vs. 90s vs. new construction homes in West Plano.
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Old 06-19-2014, 10:06 AM
 
Location: North Texas
24,577 posts, read 34,233,458 times
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Originally Posted by Clonelion View Post
I am planning to relocate to West Plano from Los Angeles in 2015 Summer. Work location is Plano. My kid will be entering high school in Aug'2015. Budget is $400K to $600K. Reading all the threads and understanding as much information as I can. Many thanks to all the contributors for sharing such a valuable information.

While looking at available homes, I observed that new construction in Avignon are much expensive compared to older homes. I have also seen many discussions related to foundation issues in Dallas. How relevant is foundation problem for Mid 90 construction homes in Plano? I have also observed few homes constructed in Mid 80s. Appreciate any advice on buying a 80s, vs. 90s vs. new construction homes in West Plano.
Mid-80s is not old. My house was built in 1957 and I don't really consider it "old." Some of the oldest homes still standing in Dallas are over 100 years old. That's not really even "old," it's just old for here. Up in the northeast, you see homes on the market built in the 1700s. THAT'S old. In Europe I knew a few people whose houses were 400 years old. THAT'S old.

As long as a house has been properly maintained, I wouldn't worry too much about the foundation. Get an extra inspection if you're that worried about it. If new construction is more important to you than school quality, buy a new build in Frisco (or The Colony or Little Elm or even Lewisville). It's not far from west Plano. Even some parts of McKinney wouldn't be TOO bad of a commute. But that's only if you just have to have a brand-new house.

There is a large premium on new construction here. If you're not counting on holding onto the house for at least 5-7 years, don't take that hit. Buy an older home in an established area so you might make a profit when you sell. If you want to be here less than 5 years, consider renting instead.
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