When is it smart to buy the biggest house in the neighborhood?
weedyacres
10 years ago
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kirkhall
10 years agoUser
10 years agoRelated Discussions
What to do when couple can't agree on house? (BUY)
Comments (46)My SO are struggling here. For us, its mostly price thats the wedge. My SO works as an attorney and longs for adventure so when we had the opportunity to move out state we did. He was so happy to buy cheap and in a beautiful place but it forced him to learn to work remotely. I wasnt sold on the house maintance and size, the people in the area, the distance from conveniences, and distance from our families back home. I was getting increasingly depressed and couldnt see a future making it work so i pushed us to move back home. we heard of sticker shock and even though we mentally prepared for it we were still hit by the absorbent prices. Within seeing the first few homes i met the one immediately when i walked into it. My partner was not so moved bc the price was the top of our budget. it has the neighborhood we want, the flexibility to turn into other things over time and being that we also have a gap in our real estate market ($600k condo or $800k house) this house is the middle of the road of all of them. To be fair on his side of things, I am not working yet. i am in the process of getting my license to start working which i think if i was working, he would feel much more comfortable about the price. There is a part of me that feels sick when i think of passing on this house, we are in escrow right now. but i also feel sick knowing he feels sick about the price. His happiness means more to me than a house… but then there is this weird “but wait, what about my happiness too”. when we moved out of state to the other house I fell in love with a condo that he semi-sabotaged in negotiation. i was heartbroken. the second place we went for i was also enamored with and he liked the price but over time it proved to be too big and too much maintenance for us. I dont deny that I am type A and I like having everything in its place. And I dont deny that me working is going to help this situation and I will do everything possible to make this work. i just dont like to make promises that i cant 100% predict. so what do we do? our location is like a New York market and everytime we make a move to avoid the inevitability of living here we pay more money for it and time. slowly the set back of houses where we want to live shrink even more. at any one time we have maybe 2 or 3 houses or 2-3 condos come through. i also know i have a problem with explicitly saying what i want and how much i want it bc i dont want to us to make a decisions that is wrong. I cant even really get excited about it because i just dont want to be let down if we decide to back it. we are both very cautious people in life in general and also put the breaks on things often which keep us stuck or going in circles. So what do we do?...See MoreBuying in Tract Neighborhood
Comments (10)Mpp788, my DD/DH/GS moved to Austin last Spring, and I just sold in CA and am anticipating a move to Austin. I've heard of Cedar Park, but have never been there. IMO, it's all irrelevant as to where you live in Austin, since everything seems to be 20 minutes away. My family lives in an unincorporated area of Manor, a VERY small country town(according to mapquest, it's 24.21 mi from Cedar Park)which coming from CA, I find 'neat'. It's considered to be on the east side of Austin. The subdivision is Shadowglen(they have a website)and the homes have many differnt exteriors, though all are stone, brick, or a combnation of the two~there could be a few stucco. It's a fairly new area, and still growing. There are at least 4 builders, if not more, and various price ranges in the different areas. Anyway, this is where i'm choosing to build as I too, want to be close to the kids. Yes, it is tract housing, but very nice tract housing and several different price ranges. There are also a few re-sales. You could even have a two-story, as MB's are on the main floor~I *love* that! I suggest you check it out before making a decison, unless you want to stay closer to the direction where your family is....See MoreYet another worry: party homes for rent coming to your neighborhood!
Comments (7)Not only can the HOA fine an owner if short term rentals are prohibited, but the city may as well. In our resort area, a short term rental permit is required and the city tightly controls short term rentals. Code enforcement is good. In addition, if the covenants of subdivision disallow short term rentals, the city will not issue a permit. Our current small subdivision does not allow short term rentals and, in 11 years, I only know of one homeowner (a builder) that violated the covenants when he couldn't sell the newly built house during the bust. We turned a blind eye and didn't complain given the circumstances. It turned out not to be a problem. The nightly rental was very high, which kept the usage down, and the house sold at the end of the season. However, although our little subdivision does not allow short terms, they are allowed in neighboring areas, so we do get some short term rentals nearby and have had a few noise issues. The subdivision where we have bought a lot to build does not allow short term rentals and is, for the most part, geographically protected from surrounding neighborhoods that do by green space. The few lots that do back up to another neighborhood were priced lower and still slower to sell. At the annual meeting of the HOA last year, a realtor proxy moved to amend the covenants to remove the short term rental restrictions. The motion was withdrawn when it became abundantly clear that all owners present bought, at least in part, because of the restriction. In resort areas, most folks (or their realtors) already know that you really need to read your subdivision documents closely for this issue. In fact whether short term rentals are allowed is often disclosed in the listing. Some second homeowners may want to rent out their home to defray the cost of ownership, while others want to be away from the bother. With this new phenomenon in other good-time cities, I would expect that a wise buyer there would also check the subdivision documents carefully and also check in with the city....See Morewhen buying a home, which HVAC would you choose?
Comments (25)flo, without the right information, photos and descriptions on your publicized listing entry, many buyers wouldn't have bothered coming to see what you had posted on-site for visitors. If you didn't feel you could rely on your agent, you chose the wrong agent. That's who's in the best position to do the marketing of the house, not the owner. There's a line of thinking that the a potential buyer or a buyer and the seller shouldn't meet or if so, only briefly, until a contract is signed and all contingencies have been cleared. Nor communicate with one another until then. If the agent isn't handling all those important steps effectively and professionally, what are they being paid to do?...See Moreterezosa / terriks
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