rocketdodger
Philosopher
- Joined
- Jun 22, 2005
- Messages
- 6,946
I am looking at buying a home in the Dallas/Ft.Worth area. I want to be able to sell it without too much pain again in 5 years or so.
My question is this: In a metroplex that still has growing areas -- where people can buy new homes, or have new homes made, if they are willing to commute -- is buying a new home not the smartest idea from a resale point of view?
Here is the logic I am using: If people are willing to commute to a suburb, and they are looking for a new/new-ish home, they might as well just buy a brand new one, and there are plenty of those available. Why would they buy a 5 year old home in the same location they can get a new one? So I am thinking the best idea for resale is to get an older home in an established location where people have no choice but to buy older pre-owned homes.
Any experts on the subject want to chime in? I am probably crazy ...
My question is this: In a metroplex that still has growing areas -- where people can buy new homes, or have new homes made, if they are willing to commute -- is buying a new home not the smartest idea from a resale point of view?
Here is the logic I am using: If people are willing to commute to a suburb, and they are looking for a new/new-ish home, they might as well just buy a brand new one, and there are plenty of those available. Why would they buy a 5 year old home in the same location they can get a new one? So I am thinking the best idea for resale is to get an older home in an established location where people have no choice but to buy older pre-owned homes.
Any experts on the subject want to chime in? I am probably crazy ...