Raleigh/Durham Neighborhoods (Cary, Apex, Wake Forest: sale, rent, appliances)
Raleigh, Durham, Chapel Hill, CaryThe Triangle Area
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Ive heard it up and coming and housing already has a premium attached to it. I think ill have to consider the balance between price, location, neighborhood as one of the users stated above.
Houses here are selling for over asking price on most homes. You could look at new construction since you don't have to move in right away. You will have a set price and will be in a new neighborhood with all new people. Just find the right builder and area.
Given the major move you are making, and given that you don't have children yet (hence less disruption if you move twice), why not take the advice often given and rent for six months or a year? That would give you the chance to get the "lay of the land" and a sense of the neighborhoods. If you rented, say, in Cary or Apex, you could check out houses that are a little older than you specify, and see what you think of the commutes.
It is worth mentioning as well, that people don't usually pay the prices builders advertise for new construction. Those are for "builder-grade everything on a non-premium lot". An extra hidden 5% at least for better floors and kitchen fixtures is likely, after you visit the model home, and realize what is actually part of the base sales plan.
Using these criteria, there are ~800 homes for sale or sold in the last 6 months:
single family home
up to $400K
built since 2010
> 0.2 acre
1600 sqft minimum
reasonable commute
The "average home" was 2500 sqft, $360K, and sold in 10 days.
Using these criteria, your numbers dropped to 200 for sale/sold in last 6 months
caap at $350K
built since 2015
> 0.22 acres (a zoning threshold in Wake County)
1750 sqft minimum
same reasonable commute
The "average home" was 2400 sqft and $320K and sold in 8 days.
So, it's certainly "do-able", but your choices are much more limited.
Any of them are going to be on the longer end of a commute, though any that are closer to I-87/264 East (Knightdale/Wendell way, about 10% of the homes) will be < 30 minutes because of the interstate conditions. There's a couple of homes in Wake Forest too. Fuquay Varina is, right now, going to be the longest commute though roughly 1/3 of the homes are in that area
Absolute insanity to move here and not rent first. The only reason not to rent first is if you want to get your kids settled in school and not have to move them again. There's tons of crap new construction - I foresee you rushing into a home you're going to end up unhappy with. There are homes about 25 years old - many upgraded - in Cary, Apex and even west Raleigh that would meet your criteria and give you a much better COL than a ridiculous commute from a new house.
Absolute insanity to move here and not rent first. The only reason not to rent first is if you want to get your kids settled in school and not have to move them again. There's tons of crap new construction - I foresee you rushing into a home you're going to end up unhappy with. There are homes about 25 years old - many upgraded - in Cary, Apex and even west Raleigh that would meet your criteria and give you a much better COL than a ridiculous commute from a new house.
for example, just in a 15 minute commute, there are 139 total homes removing age criteria; between 1/3 to 1/2 of them would be updated nicely.
Thanks yeah ive heard about that as well as appraisals being tied to loan amounts and people having to make up the difference out of pocket for sale price
Quote:
Originally Posted by SVTLightning
Houses here are selling for over asking price on most homes. You could look at new construction since you don't have to move in right away. You will have a set price and will be in a new neighborhood with all new people. Just find the right builder and area.
We were certainly considering 3 months renting but you are correct 6 months seems much more appropriate thanks
Quote:
Originally Posted by marialidia
Given the major move you are making, and given that you don't have children yet (hence less disruption if you move twice), why not take the advice often given and rent for six months or a year? That would give you the chance to get the "lay of the land" and a sense of the neighborhoods. If you rented, say, in Cary or Apex, you could check out houses that are a little older than you specify, and see what you think of the commutes.
Understand kinda like home depot builder grade products which isnt a premium product lol
Quote:
Originally Posted by SGMI
It is worth mentioning as well, that people don't usually pay the prices builders advertise for new construction. Those are for "builder-grade everything on a non-premium lot". An extra hidden 5% at least for better floors and kitchen fixtures is likely, after you visit the model home, and realize what is actually part of the base sales plan.
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