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new construction vs. pre-existing/resale home

btrflygrl Posted: Jun 04, 2004 09:40 AM+

btrflygrl MEMBER SINCE: 7/03 TOTAL POSTS : 11114 WEDDING DATE: Mar 06, 2004

Posted: Jun 04, 2004 09:40 AM

new construction vs. pre-existing/resale home

We are thinking of buying something small to start off with if we can get a mortgage...

opinions?

Kriss2c Posted: Jun 04, 2004 09:55 AM+

Kriss2c MEMBER SINCE: 1/04 TOTAL POSTS : 4830 WEDDING DATE: Sep 18, 2004

Posted: Jun 04, 2004 09:55 AM

Re: new construction vs. pre-existing/resale home

It's all really a matter of what you want and what you can afford, IMO.

When FH and I were looking in PA, we discovered it was about the same to build as it was to buy. So we decided that having a house that was made for us and the way we live would be money better spent.

Icey Posted: Jun 04, 2004 10:46 AM+

Icey MEMBER SINCE: 8/03 TOTAL POSTS : 173 WEDDING DATE: Sep 28, 2003

Posted: Jun 04, 2004 10:46 AM

Re: new construction vs. pre-existing/resale home

Depending on where your looking to move , check the taxes! If you buy a home already built and then expand it when you have the time /money the taxes are usually less. I live in the same area as several friends who have new homes built there taxes are from 10,000.-14,000. per year on a new home. Mine are 6,500.00 on an older house.
If you go with an older home , have it checked out for and let the inspector or whoever know you plan on expanding in the future .They will let you know what type of work your in for and if the house is structurly(sp) sound to do it.
Good Luck!

philby Posted: Jun 04, 2004 06:49 PM+

philby MEMBER SINCE: 3/04 TOTAL POSTS : 239 WEDDING DATE: Oct 01, 2004

Posted: Jun 04, 2004 06:49 PM