Which one is better appreciation wise in the next 5 years? Brand new cookie cutter houses or 2006 built, a bit larger(400 to 500sqft built up and 2000sqft larger lot compared to new) traditional houses. Same location. Also noticed, new builds have highest property taxes

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

Id say 2006 built if similar price. Can always upgrade the quality to increase value (cookie cutter isn’t great quality either) and with more sqft AND larger lot, it’s worth more. Also new builds can have issues the first couple years. You’ll figure out if the home was built properly like was the shower sealed properly, settling of foundation leading to cracks in paint (most of the settling happens in the beginning)

Similar price. Old one is little bigger and old traditional layout. New ones looks shiny with open layout and less formal. I love old layout, but worried will it appreciate well after 5to7 years

I would agree 2006 built is a better investment - 1. Bigger lot size, land will always have a higher future value even if the building loses to depreciation, 2. the quality of material of building material is on a downward trend, 3. you can update the house as per your taste in the future, 4. Taxes will lag on a 2006 property due to value of the land + building on municipal records. Good luck with the purchase

Thank you

I don’t know about yall but in 2006 they were trying to get homes built as fast as humanly possible - this is a time period where a stripper held 6 mortgages because banks figured the homes would raise in value fast enough to pay for themselves if the borrower ever defaulted.
That said, I would go with the 2006 built home before some of the crap builders are putting up now. Years of ‘cost efficiencies’ for a builder only equates to early hardships for the new owner.
If you want durability - look to the 1940s.

I think their argument is even if 2006 was built poorly, time has exposed most of the flaws for repair vs. those of the new build which are yet to come.

Having multiple young homeowner friends, the worry that’s real is… did the previous 2006 owners ACTUALLY fix it or just slap some affordable bandaids on?

Edit: sorry I didn’t think about this being for investment purposes but moreso for personal residence… the logic still holds - if you’re looking for quality renters, you want an updated quality home

FWIW, I’m considering a cookie cutter new build that’s upgraded (don’t pick builders grade and upgrade later bc your mortgage has you paying on the builders grade for 15-30 years regardless!)

There are homeowners warranties that come with new builds and if you want added protection you can hire an independent inspector to evaluate the property before the warranty is up. A couple 1,000 bucks for that service could land you in a better spot than repairs on an older home

Related Posts

Looking to buy a vacation home on the west coast not in a major city. West coast so it doesn’t take too long to get there. Could consider other areas, but don’t want to spend too much time traveling there. Budget is under $700k for 3 bedroom, at least 2k sqft. Any ideas?

like

My DashPass via my CSP is expiring at end of the month. Does anyone know if I can get another year of it by adding another eligible Chase card on the same account??

like

Where do y’all think Ethereum and Cardano will be in a year? I’m hoping former breaks $4,000 and latter breaks $200.

like

Talk me out of (or into!) buying a 2000 M Roadster. $14.5k, 111k miles. Mechanically sound with records, cosmetically nothing I can’t repair/replace.

like

On a credit file, do multiple credit cards from the same issue count as multiple accounts or is that issuer counted as a single account regardless of how many cards

like

Solana 😭😭😭

I don't own any and it hurts.

Curious in seeing what people's avg cost basis is in this, when you purchased, and why?

like

Has any one went from reinsurance back to insurance? The money is great and all but the W/L balance isn’t. Has anyone else felt the same?

like

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

BakerTilly people, what application do you use to prepare your financial statements? Do you use word/excel?

likefunny

Option 1: margin loan based on brokerage account assets, Option 2: home equity loan on a paid off property. Looking to use the cheap debt to DCA invest in the market over the next few months. Have reasonable risk appetite, thoughts on one vs another?

like

My boyfriend and I make 200K combined and live in NJ. We have $1000 in monthly car payments combined. That’s all we owe. Our credit scores are in the 800s. We have 50K to put down on a home. We have done the math and I know we can afford much more but he doesn’t want to buy more than a 400K home. I’m almost positive we can afford 500K and be more than ok. But then he starts to talk about how much kids cost and how we will be house poor and we won’t be able to afford kids. 🤔 Am I insane??

like

Since it's EOY, it should be fun to compare notes on our our past investments, in terms of returns and strategies, to help us in the new year ahead.

So here I start with mine: From early last year around the start of the pandemic to today, I have grown my investment (cash + IRAs) from about $1M to about $3.4M today. My Fidelity chart below:

I wonder how many here are doing better, or similar, or worse than this. How's your overall investment doing, and what your chart looks like?

Post Photo
funnylikeupliftingsmart

Anyone thinking about buying a house in Philly right now or soon? Anything to keep in mind?

like

Will mods hurt the resale value of a car? I'm considering selling my daily and am debating on whether or not I should put the effort in to return it to stock.

like

Anyone into SNX? Celcius giving 13.99% interest 😳

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Would you pay an extra ~$100/month on top of existing monthly PITI for access to $65k in equity from your home? Want to use it for either A) down payment on new primary or B) net new investment property and see if that can fund the next primary

like

Have any of you hired a financial advisor to help plan your retirement strategy? If so, how did you go about finding one? I’m recently married and thinking if it’s worthwhile hiring one..

like

New to the country. I need to fill the W-4 tax form and I don't know if I am eligible to any tax credits. Do I have the opportunity to change this later?

like
like

More Posts

This is our first holiday season in the Nashville area, any suggestions on family activities/light displays we should check out? Our kids our 8, 5, and 3.

like

Hi all, I have about 7 years of professional experience but only one year as a Customer Success Manager. I work on mid market accounts currently. I love my job, but would prefer to support a more robust platform that will allow me to add more value for my customers.

I’d appreciate your thoughts on what compensation you might expect for a CSM transitioning to a new company with one year of experience.

To clarify, I don’t have an offer yet, I’m just looking to make a move.

Thank you!

like

Hi All,
How is Airbus India in-terms of wlb, growth and tech stacks used in projects ?

like

Looking for a referral to apply for below
Risk Reporting Analyst
Job id : R-00178363

What would be the first thing you do after this pandemic over?

like

Are you using your own stethoscope (sanitizing after) or using disposable ones?

like

Just got another negative test. I'm so lost. How do I handle the monthly roller coaster of emotions? Hope, disappointment on repeat. 😔

like

Anyone have any Back/Spine specialist recommendations in the ~Central Austin area? Needing a second opinion beyond my ortho and curious where people have had positive experiences.

like

Hi boys & girls!

Joined a big firm (Big4) not long a go and starting to feel like I got a good grip on my current work.

I've always been very technical, so I think that the only thing I am missing now is making sales. (I really wanna make partner)

Can any seasoned lawyer share tips and materials (i.e. books) which can help?

Would it be a good idea to join a Social Club where potential clients spend time? (gym/tennis/paddel/events)

Any advice welcome!

like

Do you know what is the worst and heart burning job in this IT world????

Being a HR earning peanuts and giving every Tom ,Dick and Harry 20 plus offer letters .....need to know actual HRs opinion on this ?

likefunnyuplifting

Dear Clients,

Stop read-receipting me.

Sincerely,
Annoyed

like
like

Hi friends I am shifting to Bangalore next week, Currently I am in Gujarat so my bike is having Gujarat passing number plate, So now I want to know that is it mandatory to get BLR passing number plate for my bike or I can use it with Gujarat passing.. pls suggest...

Thanks in advance!!

like

Finally feel the need and drive to pass this damn exam once and for all .. far may 25 th any tips ?

like

Would you trade Brandin Cooks for Jared Goff? My current QB is Wilson and my other WRs are OBJ, Julio, and Juju

Waddle or Theilen?

like

Which side wins the trade? Justin Jefferson, Aaron Jones and AJ Dillion for Mark Andrews, Derrick Henry, & Alvin Kamara?

like

things to do in Vegas? favorite restaurants, hotels, spas, etc?

like

Been searching for work for about 2 months now, and I can’t tell what companies are looking for anymore. I have 2+ years as an AE full cycle. And I get rejected left and right. My resume is up to date, I’m applying non stop, what else can I do?

like

Working for MBB was my dream throughout undergrad. I just signed an offer for a role I am excited about at FAANG, but I can’t help but feel twinges of jealousy for people who are getting into MBB with the recent increase in experienced hiring. Please help me 🤦🏻‍♀️

likehelpful

Additional Posts in The Real Estate Bowl

Interested in development. Any recommendations on how to get started? Are there any organizations that will fund any part of a development project?

like

I have a rental property and my tenant is asking me to change the fridge light burb. I live out of state and don’t have property manager locally. Is it bad if I ask them to change the fridge light burb themselves?

I’m pretty responsive for things they need help with like laundry machine got broken or pantry doors fell off. So I had sent people to fix those maintenance and repair issues.

But light burbs? Srlsy? They are grown up people (fresh out of college girls)

likefunny

Happy Holidays fishes!! I would love to hear some thoughts here..We bought our first home last year for 316K ( starter home) in MCOL city. The value is now over 400K and I have an equity of over 150K. We are thinking of moving to a different state.Should we rent this place ($2400/month) and with recent refinance my mortgage will be $1600/month(inclu pay all) or sell it to pull out equity for the new home in a different state? FYI: we have over 100K in cash to down payment.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Looking to buy a vacation home on the west coast not in a major city. West coast so it doesn’t take too long to get there. Could consider other areas, but don’t want to spend too much time traveling there. Budget is under $700k for 3 bedroom, at least 2k sqft. Any ideas?

like

My clients wish to write a testimonial/review for my RE broker services. What is the best site/medium for this? Yelp? Google Review? Zillow? Facebook?

like

Is it common for HOA to ask you to prove your car registration is up to date?

like

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Would you pay an extra ~$100/month on top of existing monthly PITI for access to $65k in equity from your home? Want to use it for either A) down payment on new primary or B) net new investment property and see if that can fund the next primary

like

Is it safe to buy new home now with high interest rates ,high home prices and recession in near future?

likefunny

Please help! Do these fees look within normal range or are they too high? I am especially concerned about the title company fees!

Post Photo
like

Anyone know the average annual rent increase for 1200 sqft 2 bedrooms? I’m renting and want to know what to expect in a few weeks

like

I really need recommendations. I want to replace the through-the-wall AC units in my condo. Anyone buy ones you really like? Or rent an apartment and are happy with your (newer) AC units?

Tried doing research online but reviews are all over the place. And would love firsthand recommendations.

like

If I’m a Real Estate Agent buying my own property, can I negotiate the Buyers Agent commission to be 0% instead of being paid the buyers commission? Essentially converting what would be Income into Cost Savings for tax purposes?

like

I went under contract last fall for a new build that will be done later this year. In the contract the seller/builder included a clause that gave them the ability to change the price without cause anytime before the house is complete. This past week they invoked that clause to increase the price by like 7%, supposedly due to material costs. I can either agree to the increase or they return my deposit. My question: is that type of clause even legal? (Cont)

like

Has anyone used Loan Cabin to refinance? They seem to have the best rates.

like

Closing on my first home. Advice for anyone with student loans in administrative forbearance per the Cares act: once your offer is accepted have you student loan servicer put your account back in repayment status.

Accounts in forbearance, even administrative forbearance, are calculated at a higher monthly payment by the underwriter.

My fictitious debt to income ratio was too high for them to approve me, and it took seven days for my loan to be officially back in repayment. So just a heads up.

like

Finally got an offer accepted on a home I love! (In DC) Spent months searching. Next thing is getting to the closing date.

Now I feel super anxious about everything going thru and getting the keys. How difficult is that process of getting to close, have heard the underwriting portion could be a headache?

like

Is it okay to buy a home worth 660K for a couple earning 325K TC together? The HOA and taxes for this home bring the monthly payment up to ~4.8K which is ~32% of our monthly take home after tax…we’re first time home buyers, any advise is appreciated!

like

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

Scan your QR code to download
Fishbowl app on your mobile

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