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My thoughts are buy the house you like - if you can find what you want in resale, you wont get killed at the KB design center. If you are more particular, then build it your way if you can get it done at the right price.
If rates are an issue, remember that your rate for new construction will be whatever it is when you lock in advance of your closing, not in advance of your contract sign date.
looking to spend $200,000. interested in 3 bed, 2 bath in North Raleigh or comparable areas....
or we can live in a new construction (KB) in southeast raleigh or noertheast Durham.......thoughts? anyone? bueller?
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I would look at both new and resale. While you have choices in the $200K range I think they would be limited at that price if you only consider new. I think you will find you have many many more choices when you consider resales in addition to new. I would absolutey get a home inspection regardless if you buy new or resale.
Didn't you mention you might be working at Duke in a previous post? If that is the case IMO I would not live in southeast Raleigh (commute reasons). I would look to areas in Durham myself if I were to be working at Duke.
Location: East Wake County - Zebulon, Specifically
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If you choose a new home you get a builder's warranty. If you buy resale, you can still get a warranty to cover the major systems for about $500 and you can even ask the seller to pay for it.
can vary wildly depending on square footage, location, type of construction, lot size and more. In some areas $200K won't get you much, especially North Raleigh, Cary, Morrisville. It depends on what is important to you and your needs. I wouldn't dream of sacrificing size for location because my priority is long term investment, but I don't have need for a lot of space. Many factors go into making a good decision for yourself.
Last edited by House Lady; 02-06-2008 at 09:13 PM..
Reason: sp
can vary wildly depending on square footage, location, type of construction, lot size and more. In some areas $200K won't get you much, especially North Raleigh, Cary, Morrisville. It depends on what is important to you and your needs. I wouldn't dream of sacrificing size for location because my priority is long term investment, but I don't have need for a lot of space. Many factors go into making a good decision for yourself.
Do you think that places like ITB, North Raleigh, Cary or Morrisville will lose their cache, allure and become undesirable in the long term?
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3 bedrooms, 2 baths...
