Starter Homes in your Area

posted 3 years ago in Home
Post # 4
Member
1690 posts
Bumble bee
  • Wedding: June 2013

My starter home, that I bought 10 years ago when I was 20, was a 1.5 story house with 2 bedrooms and 1 bath. It was an older home (built in the 40’s). There was nothing fancy about it, and it had a low basement (I could fit, but I’m only 5’4″, anyone taller then me couldn’t fit). The yard was pretty and it was in a good central location. It cost $155,000 when I bought it. 

Re did the kitchen and bath and various other updates, and just sold it a year and half ago for $189,000. 

The starter homes in my area (the ones that are liveable and not gross) start from $160K-$180K. That’ll get you two bed and 1 bath.

Post # 5
Member
1779 posts
Buzzing bee
  • Wedding: June 2014

@AB Bride:  I guess my question would be what is a ‘typical starter home’? Then I could answer more appropriately. 🙂

Post # 6
Member
3538 posts
Sugar bee
  • Wedding: September 2013

Ours isn’t necessarily a starter home but we paid $119k for a 1800+ sq. Ft. brick house, 4br/2.5ba and a little over half acre of land with an in ground pool. I think real estate in my area is relatively cheap compared to other places though. 

For example: a super nice, brand new house in a new subdivision here will probably run you around $180-$200k. 

Post # 7
Member
3280 posts
Sugar bee
  • Wedding: June 2014

Here’s our starter home. It’s 2bd, 2bth, 1,200 sq ft. and an acre of land. It’s smaller and older than most of the area starter homes but we bought it at 21 and 20 as a fixer upper for 80K. We fixed it up and it’s worth about 110 now. I’ve never heard of a multiplex. That condo in our area would be about 125k, but we don’t really have any apartments or condos 

 

Post # 10
Member
5432 posts
Bee Keeper
  • Wedding: June 2014 - Ontario, Canada ♥ EDD- April 2016

They’re between $120-170,000, 2 or 3 bedrooms, 1 or 2 bathrooms, about 1500 square feet. They’re usually bungelows or split levels, but can be two storeys. Most of them are built between 1940-1980 and most are fully detached. Probably about 20% of the starter homes are in nice neighbourhoods and the rest are in less established areas with less pride of home ownership. We live in a small city (less than 30,000 people) so houses and land are more affordable, but there also aren’t a ton of super high paying jobs.

Post # 11
Member
5432 posts
Bee Keeper
  • Wedding: June 2014 - Ontario, Canada ♥ EDD- April 2016

Something like this, but a bit less maintained aha. It would probably go for $150-160,000 depending on number of bedrooms/bathrooms.

Post # 12
Member
2657 posts
Sugar bee

Our neighborhood is a classic starter home neighborhood.  Most of the owners are younger couples and families, and usually if somebody moves out, it’s to move into a nicer, more upgraded home.  Most of the homes are $150-$180k, 1400 – 1800 square feet, 3 bedroom, 2.5 bath.  Could be a single or two-floor home (ours is 2 floors).  All of the homes are detached and have about 1/4 acre of property, give or take.  Finishes are not very fancy – laminate counters, pergo floors, cheap carpet, contractor grade everything.  Most of the starter homes in our area have been built within the last 20 years, so the neighborhoods themselves are very cookie cutter.  A lot of houses look the same and there are very few unique features between them.  The area itself is very nice.  Schools are really good and the crime rate is fairly low.  

Post # 13
Member
5222 posts
Bee Keeper

@AB Bride:  Something along the lines of this. There are a lot of neighborhoods with young families that have homes similiar to this one. It is listed at 109k, 3 BR/2BA, decent lot size, but small rooms and kitchen. Decent school zone:

 

Post # 14
Member
458 posts
Helper bee
  • Wedding: September 2014

A starter home is our area is between $275-$285,000 anything less and you’re pretty much getting a condo and that’s it.  You’re probably going to get a house that’s over 20 years old the house below is about 1600 square feet, 3 bedroom 3 bathroom and it’s listed for $285,000.

New construction homes in our area start at $325,000 at least for the same size home.  You can generally buy an older townhouse as well for about $250 – $270,000.

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