A rising tide lifts almost every boat, and the other-way 'round, too.
A one-bathroom house is going to be more affordable, to you and the next buyer; a two-bathroom house at the same price point will have to compromise on something else - size, location, amenities, light, whatever.
Basically, unless you buy new, whatever you buy has been bought and sold before, and as you see, one-bathroom houses aren't being given away!
I'd say, if you don't need two, buy one and enjoy the rest of the house!
In today's age, yes buying a home with 2 baths is more deseriable than only having one. If you are on a limited budget, I would recommend a newer home rather than an older one. Older homes are great, but most of the time they are a lot of maintenance. And all the expenses for repairs have to come from savings (ie. new roof, plumbing, electrical, up dating, etc.)
As for CDA or Post Falls. They are both great cities. They are only 4 miles apart so it just depends if you want to be closer to Spokane or farther. Have you considered Hayden and Rathdrum. All of them are good choices. And right now there are a lot of deals to be had.
I would be happy to speak to you regarding available homes in any of the areas.
Kaye Mounsey, Associate Broker
Regarding the bathroom question -- if given the choice, any buyer would choose a 2 bathroom home over a 1 bathroom home, even in a vintage home, so if possible a 2 bathroom home is ideal. With that being said, many homes in the downtown area in the price range you're looking at are going to be 2 bedroom, 1 bath.
As far as holding their value -- that's a tough question, but my opinion is that in general a home in Coeur d'Alene will hold it's value better than Post Falls, especially in the price range you're looking at.
You're very lucky that right now there are quite a few quality homes in both cities under $130,000 and you can afford to be a little picky.
Wherever you decide to buy, there's never been a better time than now to do it.
Good luck in your search...
Kirk and Mimi Fisher
remember, your home is an investment but first and foremost, it's your home. You didn't mention family members but in particular, if there are kids you need to consider schools and their life interests (parks, swimming pool, etc.) That aside, the number one resale consideration is the growth in the area, then the price you can obtain the home (built in equity by getting a big discount from a builder), and third, the age of the home, and last, the differentiation.
1. Growth will result in future demand and therefore good for property values.
2. Some builders offer discounts on new homes already completed, aka "Spec home" or "inventory" That is very helpful because if the homes in the area are priced higher then you may realize more income when it is your time to sell.
3. Homes mature around year 20 so unless you are in a neighborhood that has a unique value proposition you will only get marginal returns on your investment. Meaning, property values will continue to increase but at a slower rate as the home ages.
4. If you buy in a "track home" community where the same floor plan is repeated often, with only small changes in the design, you will have a more difficult time reselling, even if it is a good demand area than if you had a custom, semi-custom, or remodeled home in a neighborhood not built by only one or two builders.
House values are directly related to demand and supply so if you think in terms of how much demand with respect to how much supply then you'll go the right direction.
Cathy Bureau, MBA, REALTOR, Green, SFR
GREEN Home Realty