Post # 1
When you purchased your home, was it new, resale, or custom built?
All of my properties to date have been resale, but Fiance and I have recently purchased a new home right off the plans…it’s not even built yet. The deal has already gone through and now we are moving across country, so the timing sucks as I won’t even get to live in the damn thing. I’m thinking of just flipping it (or adding it to the rental properties we have – a property manager is going to handle all of that now, since we won’t be anywhere near Ontario to deal with issues).
My dream is to build a custom home at our next location, so now we are looking at plots of land instead of houses (definitely not as exciting…it’s hard to get excited about empty space, lol). His company is only going to pay for us to live in an apartment for the first few months, so I don’t think a house can be built in that time frame. Ahhhhh! Has anyone had experience with this?
Post # 3
Our home was a new build (but the building part was already completed before we purchased it).
Post # 4
We considered a new build, but knowing there is a large chance we would need to move within 5 years we didnt want our house that is 5 years old up against new builds in the same neighborhood (neighborhood would be in the building stage for many years). It wouldnt sell as well obviously and certainly not make us any money.
So instead we chose a remodeled house in a highly desireable area that will be much easier to sell if we need to within a 5 year span.
Post # 5
Resale. Though, exceptionally new for the area (3 yrs old). New builds are almost non-existent here, with the exception of a few new condo towers in San Fran. We feel really lucky to have gotten something so new and efficient!
Post # 6
@ThreeMeers: That was one plus with our neighborhood – they were almost done building so we knew we wouldn’t have to compete with new builds whenever we do eventually move. And we wouldn’t be surrounded by construction either. There is currently only 1 more new home left to sell and it’s already built (and we’ve only been in our house a year).
Post # 7
Resale. We’re the 3rd owners. The house was built in the 40’s. New home construction starts double what we paid.
Post # 8
my house is over 100 years old. I dont think i will ever buy a new house. I just dont find them structurally sound or unique. I like an older house with character.
Post # 9
Re-sale. The front part of my house was built 1921 and then they added on in 2001. I love the charm!
Post # 10
Everywhere I have owned has been brand new.
My first place was a brand new condo. It took a year and a half to build so I was able to purchase it with a $500 deposit, then pay my down payment over the next year. Second and third homes were houses and they were built so that I could have exactly what I wanted and I didn’t have any kind of time restriction. Fourth place was a rental, then bf’s house. Then finally the home I’m in now is also brand new. We had a time limit that we needed to find a place and we found a spec home so it was ready for us right away. It had all of the upgrades we wanted in the area we wanted so we lucked out.
I personally prefer brand new because I like living in somewhere that’s brand spanking new and I like being able to make choices when building. But our spec home was perfect!! It was ready right away for us and again, brand new. Could that be an option?
ETA: Another thing is that brand new where I live is usually cheaper than resale
Post # 11
- Wedding: September 2014 - Lodge
Resale but I consider it new since the previous owners re-modeled a lot of the house in order to sell it.