A few months ago
my husband and I were talking about potentially moving from the townhome that
he owns to a single family home. At this
point we had been married for two years and own two properties. I have a condo
that is currently being leased. We have also been talking about starting a
family. The townhouse seems like it was getting smaller by the day so we knew
with a child we would need more space.
After months of asking when are we going to move he mumbled under his
breath “maybe next year”? I assume he
just said that to stop the constant questioning, but for me that was approval
to start my home search J. Since he finally gave me a definitive answer
I did lay off a bit. During my free time I would search the web looking at new
communities and resale homes. The
differences in new construction versus resale homes were pretty clear. Knowing that we were more than a year out
from moving I knew the resale homes that I saw for sale today would not be
there a year from now. Here is what I
found:
Newer homes
were priced slightly higher but some included more square footage and open
floor plans.
Resale homes
lots were a lot bigger and the homes were further apart compared to new
construction. But this also depends on the neighborhood of the new
construction. Also with new construction you have to consider the lot premiums;
the bigger the lot the more expensive the lot premium. With resale you don’t have
to worry about lot premiums.
New
construction homes often are in new communities and neighbors are younger with
similar goals (starting/raising families).
New community
developments were further out often off two lane country roads (in the part of
the county where we were looking).
