Quote:
Originally Posted by fflmaster
I am sure this is discussed in Nauseam, but can’t seem to find much on a search with recent opinions.
I expect my wife and I will want to design our house vs purchase an already made and ready new home if we go in the new home direction.
However, looking at locations TV releases to build lots on the price can go from 5k to 200k.
I get the idea of pick what you can afford and want, but I am still the kind of person that needs to confirm value. Say, we decide to move to a new location in 10 years. I don’t want to loose 200k in value. Up North, the area and size of house would all be similar in price. View would not mean anything to valuation of sale.
So, do the golf course views really sell for 200k more than a same style home without the view? Or do you understand and accept a loss if you purchase the view?
|
The word is "ad nauseam" and it's getting nauseating thinking about how overpriced some properties are. As a golfer, I wouldn't want to live directly on a golf course unless my view was separated by a good size lake. You lack privacy and it's dangerous as balls are regularly misdirected onto your lanai. Wearing a bike helmet while resting on a lounge chair could be stressful. A man-made lake can easily be transformed into a retention pond.
Nonetheless, your home is worth what someone is willing to pay for it.