I live down the street, most convenient, easiest area I've ever lived in, close to everything.
Existing construction is a better deal at less cost for anyone willing to take an existing home. Look for age of roof, CHA unit, and the hot water heater as the most common problem areas with homes over 7 years of age. The CHA lasts about 7 yrs, roof 18 to 30 depending on the type shingle used by the builder, and the hot water heater 7 yrs on electric and all over the map on gas units.
Whether new or existing, hire a licensed home inspector who has more than the ASHI certification. One with an engineering background is best, but you may not get be able to afford one with engineer credentials if you are on a tight budget (an licensed inspector who is also an engineer may cost about $100 more than just a licensed home inspector). If FHA you may be able to roll the cost into the loan- ask the loan officer. At the least they should have a working knowledge of building practices, codes and application of i-beam installation, foundations, electrical, pluming and structural systems in general.
As for neighborhood, look in Thompson Square off Thompson Lane. There are some homes there under $200,000 that include 4 bedrooms and your Siegel Elem. An alternate to 4 bedrooms would be a bonus room that could be used as a bedroom. Since you did not state the price range you needed to be in that is a compromise on pricing between higher and lower housing, is easily accessible to shopping, churches and other amenities. I live near Siegel High and know the area reasonable well. There is a home near me on Northboro Court offered at $199,900 lots of room and zoned for all 3 Siegel schools. You may have options but it depends on your price range.
Let me know if I may assist you. You may take advantage of my 18 yrs experience: I taught real estate contract as a broker manager for 10 yrs, and have far more than the minimum state required education to practice real estate. I am a full licensed broker- I work for you, an affiliate works for the broker. Good luck and feel free to call, 615-848-4918. David
There are pros and cons to buying existing vs. building. You can find great deals on existing homes, but building is, well, new and you can pick out the things you want vs remodeling an existing. It's all in what you want to do. You might find that right house in a great existing neighborhood or you might want that fresh untouched newness of a new construction home. Do you want to go through the hassle of remodeling? How much will it cost? Sounds like you are saving for a down payment which will eat up most of your cash reserves. Will you have the cash to remodel an existing home to make it exactly what you want? If not, maybe new construction is for you. You could find an existing home that's fairly new that has everything you want. I wouldn't rule out either one.
As far as loans, I have a great local contact for you in Murfreesboro. You could go FHA with a small down payment or you could go THDA and get your down payment paid. Both allow for closing costs paid by the seller....as far as I know. I'm not a loan office so I leave it to the pros on that to keep up with the ever changing rules and regs. Call Isabel Elam at 615-569-4103. She's a senior loan officer with Acopia Home Loans. She can put you in a loan product that fits you best as far as what you qualify for and available cash. I think you would be surprised to find out that you may be able to make the move sooner than you think.
In the mean time, email me at firstname.lastname@example.org. Let's get you looking at available listings in these areas online, go view listings that you like at your convenience, narrow down what neighborhoods you want and then narrow it down to THE home you want to offer on.
640 Broadmor Blvd. Ste 100
Murfreesboro TN 37130