Quote:
Originally Posted by TrudyM
When we took into account the cost of the home ready to move into, I have concluded that resale would be a better value. However new construction has the bonus of everyone moving in at about the same time so no established clicks. The $10,000 settlement charge at closing for utilities hookup on new construction, I found to be especially off-putting.
Also Engineer hubby thinks that any settlement of the lot would have already occured in a house thats a few years old (sink holes not withstanding) so potential structural issues would have already been dealt with. Resulting cracks in slabs are not uncommon in most of the country, I assume the villages is no different.
I found a good reference to be: "Why buy preowned" on lyle grant's site
http://www.lylesellsfla.com/frame.sh...cceebe4e84.pdf
I am researching this thing to death, and wish you all the luck, don't overthink it like I am it will keep you up nights. |
The $10,000 settlement charge at closing for utilities hookup on new construction, I found to be especially off-putting.
I think this 10,000 got up to 12,000, however, is now rolled into the price of the home and is no longer an amount you need to consider when doing your comparison. I will check with my realtor today as I am about to close on a new home and have not heard of this being part of the buying process anymore.
Lou