Quote:
Originally Posted by Markus
New homes are less expensive because the existing homes most have done extensive changes to them... extending lanai, extensive landscaping, backsplashes, painting, custom cabinets, closet cabinets, and many other upgrades.
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NO thought to most buyers are looking for immediate gratification for retirement, such as existing infrastructure of shopping, amenities, and consecutiveness. For those people, which are in the majority, buying in an existing development versus starting with dirt, and no amenities and shopping nearby is much more attractive. Also, many existing houses have pools versus not having a pool for most new construction. Friends just bought up in Spanish springs. . no new interior upgrades at all, no extensive landscaping. . . but all the boxes were checked for not having to travel far everything and had a pool, as many houses do. . .
I think the answer is too simplistic and too convenient. . . especially since resales and new houses can have new interior. . I doubt a house will sell for significantly higher for an enhanced closet. .