On the surface it is a very nice property and they are a very good builder, but make sure you have seen the other choices in Brookhaven. I have seen some foreclosures with more square footage below $300,000. While most of the single family homes are probably not what you are looking for (newer, amenities etc) they can be found, it just takes alot of looking. Also do not forget the home has to be complete by November 30.2009. That being said it is a lovely property.
678 298 1657
Keller Williams Realty Atlanta Perimeter
Shouldn't you be havng this conversation with your agent?
After some careful consideration , I am inclined towards SF homes as well. The yard size at this community is not too big and hoping that this would not pose a huge challange maintenance wise. Now just need to convince my other half into this :)
How does the base price of 390k sound for this location ??? Sq footage is 2761 and no bsmt.
I was told that the price for this plan has come down considerably since they were first introduced two yrs ago. But does it sound like a good value in this area ?
Does anyone have experience dealing with Centex ? Is this builder open to free upgrades or deviation from the base price ? please let me know ..
If you're worried about not losing money in 3 - 5 years, a single family home is your best bet, The other things you usually lose with town homes is privacy, storage and room for outside entertaining. As far maintenance and yard work goes, I'm guessing you can get the yard cut for less than the association fee at a town home. No matter what you buy, if something breaks, you get to pay for the repairs. With condos and associations where they take care of the outside, you basically have no control over the rate increases and the assessment that will come eventually. That being said, I don't think that you would lose money on a town home 3 years down the road either. If you truly spend all of your free time away from home, a town home may be best for you.
Enjoy it while you can. Once you have kids, life as you know it will come to a screeching halt. Getting older will slow you down too, just ask me...
Thanks for your quick replies. I agree that is a life style decision to start off with. As young working couples, we would like to have less maintenance and yard work and more time with friends around town.
Lee - I appreciate your honest opinion but unfortunately , a mid century-1/2 acre ranch is not our cup of tea. Its hard to find the time and money for the various things that are involved in up getting a mid-century up to our tastes.
What do you mean when you say " neighborhood still in need of neighbors " ? Do you mean the community isn't etablished enough ? There are more than 5 new constructions ( all townhomes -pulte, breazer etc) in a 10 mile radius around this location. All of them are in closeout stages. Neighborhood also has a good mix of old and new custom homes.
So not really sure why you brought that up. Let me know if I am missing something here ??
Did you mean Centex might walk away of they are not able to finish up or come near to closeout "? Is that the risk you are talking about ?
I am not sure what % of the SF homes are already occupied, but that might be my next follow up for my agent
I like that part of town, but I am not familiar with the neighborhood.
I would exercise caution with your "lifestyle choice" if the rest of the neighborhood is still in need of "neighbors." Buying into newly built properties in this particular season of 2009 means making sure that you never have to say that you are sorry...
No coulda, woulda, shoulda, OK?
If I had to live anywhere up there, in your price range, then I would choose a sweet mid-century ranch on a half acre in Murphey-Candler Park...
Condominiums and Townhomes are a lifestyle choice and not necessarily always a good investment. I really like the area you are buying in, but would lean towards the Single Family Home first and Townhome second.