Quote:
Originally Posted by Quixote
For what it’s worth....
Here are two opposing viewpoints, and both are valid depending on one’s needs and feelings (and both phrased, I admit, a whole lot less "vivid" than my original quote which at that point was all I had to make the point):
eweissenbach: Well said barefoot. Another point I would mention is that while many resales are clearly less expensive than new, not all resales meet that criteria.A lot depends on the location, as is always the case in real estate. We were tempted in March to pull the trigger on a brand new Wisteria in Sanabel that was fully furnished with Southern Lifestyles furniture that was exactly what we would pick for ourselves.The Price was reduced to $194k - you would not likely find an equivalent home furnished in the sames way (and the furniture would be used) for a better price on the resale market. As in all real estate situations you have to do your homework and not be overly influenced by trivial things - then make an educated choice that will best fit your needs and pocketbook for the long term.
hdh1470: As stated before to each their own. For those on a tighter budget you can do much better on a resale. Today I saw a house in springdale listed for 189,000 bond bal 4500.maint 400 a yr. That new model would cost you 210,000 bond 23,000 and maint. about 1,000yr. Assuming you could buy for 180,000 that's almost 50k difference. Point being that those wanting a house they can't afford maybe you can. Also taxes are going to be a lot cheaper.
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Just to clarify, I would argue that these are not opposing viewpoints. I said that SOME resales are clearly less expensive than new. I also said that a lot depends on LOCATION. Springdale, for better or worse, is a location that is not as valued on the resale market as other locations. Resale homes in the Northwest of TV seem to be priced at $10k to 20k less than homes in many of the areas, especially south of 466.