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Updated almost 4 years ago on . Most recent reply
Question: Buying a New Build to Live In
Im looking for a home for our family. The home is in a new subdivision with new builds and a lot of empty lots with homes going up. All are custom homes by different builders that have to meet architectural reviews.
The house we like in our price range happens to be the smallest house on the smallest lot in there. It is a new build with tons of upgrades.
My question is based on values when I decide to sell. This house is at $165'ish sq ft. There were three other houses of similar quality but 400-550 sq ft bigger that went for $140 sq ft last year.
The one we are looking at is 1450 sq ft where others are 1700-1900 sq ft (all 3 bedrooms). Their price ranges are from $279K-$290K for the ones for sale. The one we are looking at is $240K
Is this a good investment?