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Surprised. Looking on Realtor.com, and as my Mom bought new construction, I started to look at new construction communities. It seems new construction is not that high in this area. I am sure there are houses that are much more expensive (obviously), but it also seemed that $380k can get you 1900-2500 sq feet with with a lot of extras in new construction communities.
In the Triangle area as a whole, sure you can get a decent new-build SFH for that price further out in areas like Wake Forest, Chatham County, Fuquay, Clayton, Knightdale, Wendell, etc. I was under the assumption you were looking to stay near the general area where you are now
There are a few communities near the Durham side of Brier Creek/RTP near where it sounds like your mother lives with some inventory homes in the mid/high 300s (Sagewood, Fendol Farms)....But if you are talking about Cary, Morrsiville, Apex... almost nothing. Actually exactly 0 according to the MLS (granted there are a few builders who don't put their floorplans or inventory in the MLS)
Bear in mind that many builders say "prices starting in the $350s"....yet that is the base price of the floorplan which does not include the lot premium or finishes. When fleshed out; buyer will end up paying closer to $400k+ for that house listed as "$350k"
Recently-built/newer-ish resales? Doable in most areas excluding "ITB" and in-town Chapel Hill.
Last edited by TarHeelNick; 09-13-2020 at 05:31 PM..
In the Triangle area as a whole, sure you can get a decent new-build SFH for that price further out in areas like Wake Forest, Chatham County, Fuquay, Clayton, Knightdale, Wendell, etc. I was under the assumption you were looking to stay near the general area where you are now
There are a few communities near the Durham side of Brier Creek/RTP near where it sounds like your mother lives with some inventory homes in the mid/high 300s (Sagewood, Fendol Farms)....But if you are talking about Cary, Morrsiville, Apex... almost nothing. Actually exactly 0 according to the MLS (granted there are a few builders who don't put their floorplans or inventory in the MLS)
Bear in mind that many builders say "prices starting in the $350s"....yet that is the base price of the floorplan which does not include the lot premium or finishes. When fleshed out; buyer will end up paying closer to $400k+ for that house listed as "$350k"
Recently-built/newer-ish resales? Doable in most areas excluding "ITB" and in-town Chapel Hill.
My Mom got hers for $372k, all in, with the highest "Elite" package, newly built 2000 sq ft, built by Lennar, it is a 55+ community, not sure if that brings down the price.
There is a community by hers that hasn't started construction and the high was $375k.
I am just not sure what are good areas and not so good of areas.
But there's even less around the Brickyard than there is around the Park West complex. I'm thinking the OP needs North Hills, Brier Creek or Cameron Village.
Those three areas are little more electric? I ask, as where I currently live I understand the whole discussion that Raleigh feels like a large town rather than a city. Does those three areas have a little more energy?
Also, I know this discussion got into price and new construction. I am not opposed to already constructed homes that are 10 or less years old. I am more looking for advise in locations as that would be very helpful.
Surprised. Looking on Realtor.com, and as my Mom bought new construction, I started to look at new construction communities. It seems new construction is not that high in this area. I am sure there are houses that are much more expensive (obviously), but it also seemed that $380k can get you 1900-2500 sq feet with with a lot of extras in new construction communities.
If you want to be in an active community/neighborhood, you need to be closer to a downtown.
those areas are popular and tend to be expensive. I.e., you won't get 1900+ SF recent construction with your budget.
You might find a 1900+SF townhome near DT Cary, but I wonder if the level of activity will be satisfying.
DT Raleigh? You might get a 900SF condo, with high association fees.
so...
It would be helpful if you would describe the activity and amenities that you want and need.
Check out the area along Penny Road. It's stunning and convenient, without being too close to things that are less than ideal in today's Covid environment. Better spacing.
Park West is about as lively as you'll find right around Morrisville/Weston. Don't overlook downtown Cary, where you can get a new townhouse in the low $300s amid a growing restaurant scene. My brother moved from Cameron Village to DT Cary and considers it an improvement in terms of walkability.
Inside the Beltline in Raleigh would be more lively, but you'd probably be looking at condos rather than THs. There are some older THs in "ITB Midtown" (Wake Forest/Six Forks), which is also rapidly changing.
Something to consider when buying, rather than renting, is that you'll usually have to get out in front of neighborhood change. You probably won't be able to buy right in the middle of the most-fun location, even if you can rent there. Nor, honestly, should you -- your needs and tastes may change in the years you'll own. (Yes, years, because if you move too soon you'll overpay for transaction fees.) Buy with an eye towards having the right mix of things a few years from now, rather than right now.
Quote:
Originally Posted by Thnkfl4CountryLife
Better spacing.
Not terribly helpful to project your preference for "Country Life" onto other people who don't have the same preference.
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