Quote:
Originally Posted by l2ridehd
Almost everyone spends about another 10K on new homes after purchase. You need blinds, washer and dryer, attic stairs, landscaping, probably some rooms painted, and more. Some want to do epoxy on the garage floor before anything is in it. Different things done by different folks, but almost everyone spends at least another 10K.
And most of those things are already done with a resale. When you look at the bond difference and the cost of what you have to add to a new home, resales become a better value.
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Assuming the tastes of the person the originally owned the home are the same as yours. If not, you will spend the same for changing the home to your tastes plus removal of what they had. An earlier post had it close to right, identify your wants vs your needs. Get as much done when they build your house, floors, granite tops, expanded lanai. Depending on your age, take a 30 year mortgage (and take the bond to 30 also) and play with their money. Unless you are wealthy it should all be about cash flow. When you move in get it as close to done as you can so you can enjoy the life here. Oh, when you look at expenses, increase the food and entertainment.....we all eat tons down here
