torn between two areas in deciding which will hold better resale in about 5 yrs (Louisville: new home, established neighborhood)

[maya07]

We actually moved to Louisville a year ago and are looking to purchase a home. We have looked all over Louisville and found two homes that are a possibility. One is a new home in Beach spring farms and another is an older home that has been renovated in Indian Hills. Because we have family on the west coast we most likely will be moving back there after my husbands' contract for work is up. I was interested to find out which home would allow us a quicker and more profitable resale in five years. Any input would be greatly appreciated. THANKS

[tomocox]

I personally would consider Indian Hills; however, there are many loopholes to Indian Hills home values. Each home must be considered on its own basis.

[kingcopper]

it depends upon how good a deal you get on each. If you steal a home in Beech Spring from a broke builder, it'll be more profitable. If you get a fair price on both homes, I'd take Indian Hills. Beech Spring homes have alot of competition whereas Indian Hills homes really don't. Either way, your looking at the right areas!

[Off Topic]

I agree with kingcopper. If you're getting a great deal in one area, go with that one. If it's about equal, I'd pick the house I liked the most and not worry about it. Both are very, very nice options.

[maya07]

thank you guys so much for your input. Would you guys say that the subdivisions of Sutherland and Lake Forest also hold resale value? Let me know what you think. Thanks again guys!

[Peter1948]

Originally Posted by maya07

thank you guys so much for your input. Would you guys say that the subdivisions of Sutherland and Lake Forest also hold resale value? Let me know what you think. Thanks again guys!

the older homes around the river and cherokee park are ALWAYS more desirable than the new cookie cutter homes outside 265. I think it is a mistake buying any of these, especially with gas prices (unless you work outside 265).

[mdawg]

you would probably have better resale in Sutherland mostly because it is located in Prospect, which is more desirable then Middletown/Old Henry Road area where Lake Forest is, Sutherland is also smaller than Lake Forest and also has some bigger houses then Lake Forest. However,some of the smaller, older homes in Lake Forest seem to have better resale values then the newer estate homes. I'd probably go with Sutherland, the yards are somewhat bigger, its a smaller neighborhood, and its in a more desirable location.

[tomocox]

Don't forget the Estates of Hunting Creek. Excellent value and proven resale value, too.

[mdawg]

yeah id probably look more in an established neighborhood rather than a newer one where there are a lot of new builds. Try or Wolf Creek, or any subdivision of Wolf Pen Branch.

[nlschr0]

We've found it harder to sell a home in an area where they are still building new construction homes - it was hard to compete with the builder's prices, options, and sparkling new offerings. Once the construction phase was finished, the prices of established homes in the neighborhood took off.