Desi 🐠. In market for a house (in Dallas). Looking to buy a new construction house. Trying to understand Pros & cons of getting a new construction house/ built ground up vs a house few year old?

Posting as :
works at
You are currently posting as works at

Customization feasibility vs cost / negotiation power.

New construction is the way to go- it might cost a little more but you get to customize and personalize!!

@ M1 is there any negotiation power when it comes to new construction?

Went through this process just 1yr back...there is definitely room for negotiation...our builder paid all of our closing costs!

OP - in new construction you get some level of customization such as selecting interior color of cabinets, flooring etc. you can’t make major structural changes in what builder is offering unless you have deep pocket and you are opting for custom builder over mass producers.. you pay higher prices for new construction, less negotiation power (may 5-10 k in design upgrades) as its sellers market right now.. you get to see home building from scratch so you know where all wiring and pipes are...after buying a new home you will feel lot needs to be done (choice of specific color shade, additional cabinets etc)

Old construction - you are entering the world of unknowns as you won’t be able to know what’s behind the wall and how’s the drainage, mold behind the walls etc. even if you hired an inspector for property inspection.. and leaking drainage can easily create a huge dent in your wallet.. don’t go for too old house.. i would choose something from recent years

Appirio - that’s normal.. closing costs aren’t much.. even banks will be ready to pay that for you...

OP - with EY wells Fargo has lowest closing cost..

If you are going for new construction than go with Desi realtor... you may get (~40%) half of his commission... at least in Raleigh all desi realtor gets paid 2.5% of house value and they are ready to share it (same as india)

When buying a new home consider following 1) private wooded) backyard 2) somewhat away from main rd traffic 3) popular exterior elevation in your neighborhood. obviously all these comes at a cost but are considered value added features when you become seller in future

I thought the same when I purchased my first house. But it included lot of work as the home had nothing. Day one we had to get paper window treatments as we were not decided on curtains and took a while to pick colors for each room. Fixing the rods, shelfing the closets, garage...all take time and money. For my second home, we purchased an upgraded home, paid a little higer but didnt have time and energy for all updates. The backyard is another story. For a completely upgraded backyard, you can easily spend 40 k. Again depends on the size.

Thank you all. I didn’t know you needed a realtor for new construction. Thought you could go directly with the builder.

The person sitting in sales office is realtor from builder side.. you need your realtor not mandatory but recommended to walk you through the process

In my case when I purchased new construction house early this year, builder had promotion of 6 % realtor commission. The desi realtor kept $1500 and gave me back the rest. That was a huge chunk which went in down payment. Dallas market is booming but builders are ready to negotiate specially in areas of Mckinney, Prosper. Plano, Frisco is saturated and very expensive now.

Biggest problem wit new construction is the furnishings are what’s called “Builder Grade”. U need anything updated, it’s gonna cost you extra.
My brother bought a new 300K house n simple modifications have already reached 50K ... he’s thinkin another 25K to furnish it to his liking.

Thanks SC1...there are also some houses coming up In Irving with Coppell ISD which I am Looking at.

Also SC1.. can you give the name/contact of the Desi realtor you used? You can email it to fbreferral85@gmail.com

Related Posts

Uncle Ricoh. That is all.

Post Photo
likefunny

Hi Fishes, Can anyone shed some light on what does PWC SDC pays to Audit Senior Associate with 2 YoE Post Qualification. Qualification (Chartered Accountant).

I have heard that they are paying good this year but wanted to know specific numbers if someone can help.
Current CTC - 11 L

like

What is the average Product Manager salary in India for an ISB graduate ?

like

Anyone worked/ working Neilson project in TCS as a data engineer how is/was the experiance ?

like

Anyone doing consulting work in freshwater or marine wetlands?

Hi folks,

What is the pay range for Senior Associate 1 in PwC AC Kolkata - Assurance LoS.

I have recently joined but after knowing salary of an Associate 2, I understood that I'm being paid lesser than him. So I am interested to know the pay range and average pay of Senior Associate 1 in Assurance Los.

Those that have interviewed at BCG recently? How was your case experience? Any insights you can share? Any advise?

like

Any recommendations on casual bars and dives to go to alone? Just moved into the city and finding some of my classics have closed :(

like

Any manager and above in a DS or DA based role willing to have an informational interview with me? Hoping to get some guidance and perspective as someone looking to break into the space with prior exp

like

Lak 28 kudi da..... 47 weight kudi da😻

like

Anyone else finds Navjot Singh Siddhu extremely irritating person?

like

We can’t have classroom management without taking care of ourselves first. Rest. Even if it’s for 2 minutes. We close our eyes and reset.

likehelpful

How much do Customer service warranty manager make in Florida Lennar Homes

like

Would recommend data engineer or software engineer for pay and growth potential?

like

Need likes to be able to send messages and comment on posts!!

like

Is it reasonable to ask for a larger signing bonus if the firm says you’re not eligible for a discretionary bonus the year of joining, because you’re starting 4-5 months into their performance year?

like

What is a decent diversification of large, mid, small-cap, and international stock? I.e. 65 large, 10 mid, 5 small, 20 international?

like

Hey Fishes,

Anyone have any idea about startup:- Wasserstoff

like

Company - appviewX(MNC USA Product based)

Position - Senior Java Developer(Java)
Experience: 4+ Years
Job Location: Coimbatore / Bangalore
Notice: 30 Days

Mandatory Skill: Java
You possess the ability to code at 5x speed
You have experience in Java skill with excellent data structures, algorithms skills, design patterns & OOPS
concept

Value Adds:Knowledge of database design and database programming using SQL & NO-SQL concepts

CTC - L5 upto 22 LPAF / L6 upto 24 LPAF

like

Additional Posts in Desi Consultants

Mirza Ghalib, preempting quarantine:

like

I have all my savings in a Bank of America savings account ( I don’t trade etc). I’ve used Bank of America for 10 years but I feel there is no value/ perks of staying with them. Should I .. ctd

like

Just noticed that Remitly has now locked-in the rates for India transfer. Guess with continuous rupee depreciation there profits are getting compromised😂

funny

How to deal with overdramatic indian parents? My parents get upset very easily over small things especially when it involves my wife. Btw, she genuinely respects them. Today, my mom got upset about something that happened 2 yrs ago (my wife was in India for a week for some work, and she didn't visit them as she was 3 hrs away from them). I tried talking, but it's hard to convince them to see the brighter side of things. How to deal with this situation? Shall I speak to my wife or stay out it?

like

Any good books or suggestions to improve communication skills to speak confidently with executive or leadership. Many times I end up blabbering and having unstructured discussion.

like

Does anyone know of any embassies which are accepting appointments for work visas? Or are there others who are stuck in this limbo as well?

like

Has anyone applied for Schengen visa while in US on H1? Planning to travel to Iceland with wife and need to apply at the Lithuanian consulate in Chicago. Wanted to understand the procedure better.

What is the basic compensation for a Sr Associate in PWC India? Under cybersecurity and privacy?

Why cant desi parents decide on anything. 😭

like

Anyone switched firms on H1B and I-140 approved? I am having issues obtaining I-140 approval document from EY.

My new firm needs the approval notice to port over the priority date. I haven’t let my current employer know yet since the transfer is not done. Its chicken and the egg situation. Any leads/ recommendations?

like

Watched Arjun Reddy. Mind blown.

like

Hyderabad 🐟s , any suggestions for good builders, new properties? thinking of buying a new apartment - in a good locality.

Modi speaking about Population problem in Independence Day speech... 👏👏

likehelpful

What can be the potential consequences of a desi guy on H1B slapping an another desi on H1B .

funny

How long does it take to transfer your H1-B from one firm to another ?

Ex Deloitte employees, how did you get experience letter for perm processing from D?

like

Why do I constantly want more and more- more money, better role, better company? Is this because I am desi? Is this a desi thing? 🧐🤔

like

Do you all believe in horoscope? Why or why not?

like

What is the policy of EY regarding leave if an employee gets COVID, my brother is in India and just before he was about to return to US, he found out that he is COVID positive.

like

I’m a Canadian citizen looking to move to the US for my MBA and then full time work. Would the immigration issues impact me? Getting scared from seeing all the stories on this bowl.

If it matters- born in India, living in Canada since I was 2 years old.

funny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal