Quote:
Originally Posted by buggyone
I would say that might be a good idea but check with a financial advisor.
I bought a re-sale home 3 years ago and it had every extra in it that I could imagine plus a golf course view. The price was negotiable with the owner since he needed money to buy his new place. No construction going on around me. Mature landscaping. Instead of $20,000 bond, it had $1500 left on the bond. Re-sales are always worth checking out before buying a lot in a new section.
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I look at resales for 2 years but could not find one that met our needs and was less expensive than new. (including the bond cost in the total cost) If you can find one, that is the way to go! IMHO, if you are going to stay in your home 10-11 years, than pay off the bond. If you think you may be changing houses in a couple of years than do not pay off.