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I moved here from Florida at the same time and remember only one grocery store as well. You had your choice of Pizza Hut and Safari Grill (a terrible restaurant where Briggs is now) and that was pretty much it. I could make it from my house at the corner of Wake/Granville/Franklin line near where Shetz is now on Capital to Millbrook and Capital in 19 minutes.
I actually prefer it now with more restaurants and stuff (and Target, which was a life changer), but wish that the growth would stop soon.
Wakefield Plantation is probably not as much "in decline" as it is in "changing of seasons"... similar to some other giant master-planned communities built up in the same era like Lochmere and Preston..
In the 90s/early 2000s....those particular "mega-developments" were the places to be. Large homes filled with families with school-aged kids; largely my generation of kids!
Now we're all grown up and out of the house....and those neighborhoods aren't the hype they used to be for families and are now largely filled with empty-nesters in their 50s/60s; many of whom want to downsize.
When Wakefield was being built, the prices really shot up. The golf course had a lot to do with that.
When we had the slowdown, it seemed like the homes in Wakefield were hit the hardest. They have rebounded somewhat.
I have noticed that the homes in the $350,000s and $450,000s that back to the golf course aren't getting what they used to. Seems like those folks paid a large premium for the lot and buyers aren't willing to pay that same premium.
I don't have any stats to back this up. It is just what I'm seeing as I had a client that wanted to buy a home that backed up to the course and this is what we noticed.
I just closed on a smaller home with a master down (Pulte section). Those seem to maintain their value.
If you do buy in that area, make sure you get a radon test.
Long time resident of Wakefield here. Been here since 1999. Seems normal to me.
My new business has me on the road all over town (not just North Raleigh and Wake Forest but often into Cary and Apex and Holly Springs) and the traffic is awful just about all over the place. Good sign of a strong economy like someone said, which is great for business (for me) but bad for getting places expediently.
I'm sure selling my house right now would yield a loss (we added a ton of crazy stuff) but we plan to be here another 15-30 years so I don't really care about that.
As far as the mood and the transiency, everything seems normal here. If anything I see fewer homes for sale than a few years back just after the crash, but this is not scientific.
Long time resident of Wakefield here. Been here since 1999. Seems normal to me.
My new business has me on the road all over town (not just North Raleigh and Wake Forest but often into Cary and Apex and Holly Springs) and the traffic is awful just about all over the place. Good sign of a strong economy like someone said, which is great for business (for me) but bad for getting places expediently.
I'm sure selling my house right now would yield a loss (we added a ton of crazy stuff) but we plan to be here another 15-30 years so I don't really care about that.
As far as the mood and the transiency, everything seems normal here. If anything I see fewer homes for sale than a few years back just after the crash, but this is not scientific.
You bought a house in 1999 and would take a loss if you sold it now?!?!?!
You bought a house in 1999 and would take a loss if you sold it now?!?!?!
I don't think he meant it depreciated from original sales price, but rather that he did a lot of custom improvements that are to his family's taste and preference. Unless improvements are done with a mind toward future sale and designed to appeal to a wide audience, you can usually expect to take a loss (on the amount invested in improvements) in the short-term if you sell, but it sounds like his plan is to stay long-term.
I don't think he meant it depreciated from original sales price, but rather that he did a lot of custom improvements that are to his family's taste and preference. Unless improvements are done with a mind toward future sale and designed to appeal to a wide audience, you can usually expect to take a loss (on the amount invested in improvements) in the short-term if you sell, but it sounds like his plan is to stay long-term.
McWallace and cheapdad00 are correct. I've got the solar and geothermal money back already, I think, or at least very close, but the massive shop (650sf, with full basement) and pool and screened porch may be losing ventures, at least as far as resale is concerned. Don't care, though, we're here for the long haul and I love working in my shop. I can even use it for my business now, so yay, tax writeoff (a bit)!
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