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Old 03-07-2013, 02:15 PM
 
2,668 posts, read 4,480,564 times
Reputation: 1996

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We're not looking to move anytime soon when we buy this home. Pretty much looking for our home for at least the next 15+ years. Not to mention things like city sewer/water and natural gas are VERY hard to come by it seems. Everyone is still stuck with septic, or well, or oil. It's somewhat annoying that people don't see the value of connecting, of course the furnaces, tanks, etc. in these homes were put in 20-30 years ago so they are reaching their lifespan and I am fearful to jump into a home that may need to go through a sewer connection, or furnace replacement within 5 years of us moving in.

Lots are not much help as we have been going that route as well. They all seem to say "septic required", "well required". Brand new home, why would I want to deal with that.
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Old 03-07-2013, 04:33 PM
 
4,787 posts, read 11,728,957 times
Reputation: 12758
Your basic problem seems to be that you want what you can't afford. You already know the answer to that. You do one of four things

You buy what you can afford and plan on sinking a boat load of money into it . This can be a dumb move as putting $ 100,000 into a house may not equal its value in the market for a very long time or never.

You don't buy at all and eat your heart out agonizing over a wish list that does not meet your financial reality.

You adjust your wish list to match your price point and try to get some but not all of your wishes

You wait and save and hope you can find something down the road when you can raise your price point.

As for new construction on well and septic--- In CT, new developments in areas where there is not well and septic are few and far between. For a builder/ developer to bring in city and water, may push the cost of the home far higher than what it is offered.

In some parts of the country HOA's , Community Development zones, Mello-Roos, etc. help pass the cost of connections and development onto the buyers. CT has none of that. If a builder wants public utilities, he has to pay for it and pass the cost on to the buyer in the actual price of the new home. So those new homes on public utilities are out there, but they are also out of your price range.

But sitting around hoping that your dream home will somehow come on the market and be in your price range is not helpful. No one has a crystal ball and can time the market. You and your wife really should try to sit down and figure out which way to go. Reprioritize

The other thing you can try is to get over your dislike of wells and septic systems. If you can find a new home that meets your wish list with those you should be trouble free for next fifteen years. Much of CT is on well and septic.

Good luck
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Old 03-07-2013, 05:20 PM
 
Location: Somewhere in TN
710 posts, read 1,957,860 times
Reputation: 783
Septic and wells are no big deal if they are done properly. In some ways they are better,or at least that argument can be made. Also, you can learn to update some stuff yourself. There are tons of bloggers out there leading the way.
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Old 03-07-2013, 06:10 PM
 
Location: Philaburbia
41,885 posts, read 74,952,198 times
Reputation: 66814
New furnaces aren't that expensive, either. I wouldn't let a furnace that is within 5 years of its life span stop me from buying a house.
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