Why? (Plano, Richardson, Coppell: new house, landscaping, established neighborhood)

[20Hope20]

Why buyers are still interested in 20-40 year old >million$ homes in Plano, Richardson and Coppell? One would think work from home changed priorities for buyers.

[Beardown91737]

Because it's hard to find wet bars and sunken living rooms in newer houses?

[TurtleCreek80]

Originally Posted by 20Hope20

Why buyers are still interested in 20-40 year old >million$ homes in Plano, Richardson and Coppell? One would think work from home changed priorities for buyers.

Location, location, location. Closer in suburbs with excellent public schools will ALWAYS be in high demand.

[Wittgenstein's Ghost]

Originally Posted by 20Hope20

Why buyers are still interested in 20-40 year old >million$ homes in Plano, Richardson and Coppell? One would think work from home changed priorities for buyers.

I personally think most new builds are junk with terrible architecture and postage stamp lots and tiny stick trees and bad locations. It isn't hard to accomodate work from home setups in a lot of renovated 60 year old ranches. The million dollar new builds in Frisco and Prosper are much more confusing to me.

[tmtex]

Originally Posted by Wittgenstein's Ghost

I personally think most new builds are junk with terrible architecture and postage stamp lots and tiny stick trees and bad locations. It isn't hard to accomodate work from home setups in a lot of renovated 60 year old ranches. The million dollar new builds in Frisco and Prosper are much more confusing to me.

Agree 100%

[texstout]

Originally Posted by tmtex

Agree 100%

Ditto! I was in a similar new build neighborhood last night and my 14 year old was so confused why all the roofs looked alike and why they all had one tree in their front yard (held up with tree support straps).

[NP78]

Originally Posted by texstout

Ditto! I was in a similar new build neighborhood last night and my 14 year old was so confused why all the roofs looked alike and why they all had one tree in their front yard (held up with tree support straps).

Those neighborhoods the OP refers to in Plano are no different, they are just 30 year old versions of those neighborhoods. It helps that the trees have grown, but that’s about it.

[blakely]

Originally Posted by TurtleCreek80

Location, location, location. Closer in suburbs with excellent public schools will ALWAYS be in high demand.

This.

[Leonard123]

I question why people would pay that much for a newer house in a newer area.

In that price range, houses in certain established neighborhoods have proven their value over time, and buyers know they are not going to decline. They don't have to worry about what may be built in and around them.

It's not all about schools or cities. Certain neighborhoods have just always traditionally been more desirable and expensive.

What's more, people who are that filthy rich can get new if they want it. I've often seen old houses being torn down and replaced in older parts of Preston Hollow and Richardson.

You can always change the house, but you can't ever change the location, except maybe with the help of a really strong tornado.

[tcualum]

I have no desire to live in the exurbs just so I can have a new house. The established neighborhood I live in has a wide variety of housing styles, mature trees and landscaping, and a full slate of neighborhood events. It's close to excellent schools for my kids, within a short driving distance of my regular errands, and only a 20-minute drive from downtown where I can go to live theaters, art museums, etc. The exurbs lack all of that and feel soulless.