U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > North Carolina > Raleigh, Durham, Chapel Hill, Cary
 [Register]
Raleigh, Durham, Chapel Hill, Cary The Triangle Area
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-30-2011, 02:28 PM
 
554 posts, read 1,094,671 times
Reputation: 445

Advertisements

As future resale as the only criteria, where in this area would you purchase a home for 300K or less?

Specific neighborhoods would be helpful. We really want to buy a house but all the threads about the job market here make me really nervous. We were unemployed for a year in Philly, moved here for our only offer. Fortunately we sold our house there relatively easily. We have no reason to think my husband's job is not secure now, but well, I'm still nervous. So if we buy, and have to sell in a couple years due to unforeseen job loss, I'd like to know the current thinking on good resale neighborhoods.

Thanks!
Rate this post positively Reply With Quote Quick reply to this message

 
Old 11-30-2011, 02:44 PM
 
1,832 posts, read 4,879,626 times
Reputation: 1108
That is just a really tough one. How big do you want? What are your other criteria? I'd suggest NOT buying new, and going with a really well-established neighborhood. My first thought is Wellesley and Berkley in Cary, but I think those are more around the $350k range. The schools are outstanding there and that's going to be a huge factor for resale. Try to buy a house really, really close to a GREAT elementary school that feeds into solid middle and high schools (even if you don't have kids). Park Village off of Davis has a nice location with easy access to Apex and Cary (it's in Cary) and Morrisville, and has homes in your range. Again, well established and good schools that are walking distance.

You could try Carpenter Village, but the year round elementary feeds into a YR middle that's WAY far away, and people will be flocking away from that to the traditional elementary, but once it's full people cannot get in. So I'd be wary there, though it's a lovely n'hood.

Abbington is a nice n'hood in Apex and it's HUGE. There's one for $305k right now.

I'm sure others will be able to chime in on their preferences. These are just a few off the top of my head.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-30-2011, 02:55 PM
ERH
 
Location: Raleigh-Durham, NC
1,577 posts, read 2,210,080 times
Reputation: 3317
Oxxford Hunt is a great neighborhood -- we love it here!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-30-2011, 03:05 PM
 
554 posts, read 1,094,671 times
Reputation: 445
Quote:
Originally Posted by annesg View Post
That is just a really tough one. How big do you want? What are your other criteria? I'd suggest NOT buying new, and going with a really well-established neighborhood. My first thought is Wellesley and Berkley in Cary, but I think those are more around the $350k range. The schools are outstanding there and that's going to be a huge factor for resale. Try to buy a house really, really close to a GREAT elementary school that feeds into solid middle and high schools (even if you don't have kids). Park Village off of Davis has a nice location with easy access to Apex and Cary (it's in Cary) and Morrisville, and has homes in your range. Again, well established and good schools that are walking distance.

You could try Carpenter Village, but the year round elementary feeds into a YR middle that's WAY far away, and people will be flocking away from that to the traditional elementary, but once it's full people cannot get in. So I'd be wary there, though it's a lovely n'hood.

Abbington is a nice n'hood in Apex and it's HUGE. There's one for $305k right now.

I'm sure others will be able to chime in on their preferences. These are just a few off the top of my head.

Thanks. The thought on Carpenter Village schools is the kind of info I'm looking for. I've posted here before- looking for a neighborhood for kids and dogs and the info there was very helpful. The dogs are making this difficult. Ideally I'd like more room for them, but I don't want to pay for it or give up a short commute for my husband. Two of the dogs are elderly anyway and we won't have them forever.

Other critera aside from excellent resale potential:
2300+ sq foot
flat, clear yard
fence or ability to fence
20 min or less commute to Davis Dr/Durham Freeway interchange

I am very familiar with Park Village, Wellesley and Berkley. We are leasing in Brookstone. Love the area and the schools. We do have young kids.

We are meeting with a realtor on Friday and I'm sure she will have some input. I find this forum invaluable though!

Thanks!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-30-2011, 03:09 PM
 
554 posts, read 1,094,671 times
Reputation: 445
Quote:
Originally Posted by ERH View Post
Oxxford Hunt is a great neighborhood -- we love it here!
I've seen this mentioned before. There seem to be a lot of available homes. Are they sitting or moving? How large is the neighborhood?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-30-2011, 04:31 PM
 
338 posts, read 762,183 times
Reputation: 439
Quote:
Originally Posted by Voltige View Post
I've seen this mentioned before. There seem to be a lot of available homes. Are they sitting or moving? How large is the neighborhood?
I think that the majority of neighborhoods have sitting homes due to the current real estate market.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-30-2011, 05:15 PM
 
4,598 posts, read 9,731,773 times
Reputation: 2519
Farmington Woods and the surrounding neighborhoods in Cary seem to have quick sales compared to other similar neighborhoods in town. I think the new school assignment system will only help with the magnet schools being right there in the neighborhood. It's also linked to the greenway system and several parks/playgrounds.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-30-2011, 05:46 PM
 
Location: under the beautiful Carolina blue
21,760 posts, read 33,176,421 times
Reputation: 18188
Wellsley, but you're going to be hard pressed to get in for under $300K - houses tend to go fast. I'd go with Park Village which gives you Davis Drive/Davis Drive/Green Hope as your feeder (well that WAS the feeder, I suppose anything is possible with the new assignment plan)....or parts of MacArthur Park which feed into Davis Drive.

TBH I think anything in the area of Cary that you are currently in will hold up well, becuase the area is already established, the school feeder patterns are now established, and people don't have to worry about things like "will 540 run thru my backyard" or "will they build a new school that my kids will have to go to" or "gee it's really nice to have 100 acres out behind the house, but what if they decide to put a Walmart there"...these are all reasons we chose this area of Cary as well and don't regret it one bit. Housing prices have not changed since we started looking at houses 3 years ago (it was a long-planned move).
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-30-2011, 08:36 PM
 
Location: Raleigh NC
23,428 posts, read 13,554,559 times
Reputation: 13855
a house built between 1992 and 2006.
as stable of elementary school as possible.
not with any "oh no!"'s involved - backs to a major street, too weird of lot, etc
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-01-2011, 05:32 AM
 
554 posts, read 1,094,671 times
Reputation: 445
Quote:
Originally Posted by BoBromhal View Post
a house built between 1992 and 2006.
as stable of elementary school as possible.
not with any "oh no!"'s involved - backs to a major street, too weird of lot, etc
Why built between 92 and 06?
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > North Carolina > Raleigh, Durham, Chapel Hill, Cary
Similar Threads

All times are GMT -6.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top