12-20-2016, 12:02 PM
(This post was last modified: 12-20-2016, 12:02 PM by Section ThirtyOne.)
(12-20-2016, 10:52 AM)MidTowner Wrote:(12-20-2016, 10:41 AM)Section ThirtyOne Wrote: Agree completely.
New construction in a central, established neighbourhood will always carry a premium. In fact, my wife and I bought something similar a couple of years ago. We looked around at houses in the neighbourhood and what they were going for, crunched the renovation costs and decided that even if you renovate, you're left with a house that is 75+ years old and all that comes with it. Tough to put a price on a new home warranty and modern construction standards/layouts.
Out of curiosity, what neighbourhood were you looking in and which did you wind up in?
We went through a similar decision-making process recently, and decided in the end that our fondness for an older house was worth something. But that’s a little idiosyncratic and there are any number of reasons why someone would prefer a newer home. The choice should be provided; it’s nice to know that it is, at least to an extent.
We looked around Belmont Village and ended up in the area. In fact, our place was built by the same builder as these units being discussed. If these are built to the same standard as ours (and it appears they are similar), then the prospective buyer will not be disappointed.
As for your decision to go with an older home, I do understand. I have great respect for the beautiful older homes in the area!