Home Buying in 95630>Question Details

Sohelkauser, Home Buyer in Folsom, CA

Thoughts on buying new or old home in folsom. The only new one is the "The new riata" in empire ranch.

Asked by Sohelkauser, Folsom, CA Mon Apr 30, 2012

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Buying an existing home is something I prefer. They usually have been around a while and problems are often evident. So get a good Home Inspector to take a look at it. No house is perfect not even a new one.

The usually have character and can be closer to areas you want to go. There is no use buying a "green" home if you have to drive out of your way all the time.

Using what is existing is one of the best ways to be sustainable. A new more efficient home takes about 15 years to pay off it's impact on the environment.

Lastly find an Agent and Lender that will work with you in getting a Energy Efficient Mortgage. This FHA loan will allow you to finance your energy improvements in at the time of purchase. This is a really easy loan to get done and is well worth the few extra steps. The extra you pay every month on the loan will be offset by energy savings and often exceeded so it saves money every month and you can get a more comfortable, healthier, efficient and durable home.
0 votes Thank Flag Link Sat Sep 22, 2012
The poster did define "new': in the posted question. It meant new from builder. Thus, the answer specifically is: New cost a lot more in 2012 than a distressed, used house. Balance that against the pleasantness of having all new systems,appliances, fixtures, structures and surfaces.
0 votes Thank Flag Link Thu Sep 20, 2012
Jim Walker, Real Estate Pro in Carmichael, CA
MVP'08
Contact
New raita is over rated and over priced.
0 votes Thank Flag Link Sat Sep 1, 2012
You need to define the word "new". If you mean under construction new that is one thing but there are so many neighborhoods in Folsom that are considered new. Typically a home that is less than 10 years old is considered new. The reason for that is because most builders have warranties that are in effect until the end of the 10th year while some of the components of the home remain under warranty much longer. If you are looking for the absolute latest in technology and energy conservation you aren't guaranteed that in "new, under construction" you will need to make confirm the energy efficiency with the builder. Some of the "new under 10 yrs old" homes are just as energy efficient because owners have invested additional monies to make their homes more efficient.

Hope that helps.
0 votes Thank Flag Link Wed Jun 27, 2012
Hi there Sohelkauser...

I've lived here in Folsom since 1989... raised my boys here and it was the best move I made coming from the South Bay Area.

You know when we first moved here, we got a new place. However looking back on it now, I'd probably consider something already in place. It took years for the trees to mature and give us some shade.

If you go over to the Parkway and Lexington Hills, you'll have it all... There's lots great parks, trails and a large wetland nature preserve. The Folsom Kids Play Park is there and of course Oak Chan elementary school.

The houses in Lexington Hills started to pop up from about 1989 and the Parkway about 1996. They have some nice streets of well manicured homes with "lush" landscaping and mature trees that you aren't going to get in a newer neighborhood.

That's why Briggs Ranch was so popular when it came on line back in 92 or 93 because there were many lots that had some monster Oak Trees that gave it a more mature look but with brand new homes. Take a swing by there because that's a pretty nice area of "custom lots" with a mix of Custom and Production homes on them.

I'm not a real big fan of Empire Ranch, they have more fees, smaller lots, with houses set a little closer to the street, but they have a pretty nice elementary school and of course the golf course is located there. However, you don't find as many trails and parks as you would in the Parkway and Lexington Hills.

Broadstone and Los Cerros are some other neat areas you should take a peek at but without knowing your price range, it's kind of difficult here in this forum to determine what you are looking for.

These are my opinions of course, but I've lived here for a bit now and have watched this town grow. The bottom line is no matter where you buy in Folsom, you will love it here.

I hope this helps...

Make it a Great Day...!
0 votes Thank Flag Link Mon Apr 30, 2012
Coming from the bay area, I usually think of Folsom as mostly newer homes. Most of the houses in the town are built in the 1989-2005 so still considered fairly new. The Parkway has houses built mostly within the past 10 years so a great place to start. When buying, you will have a home inspection so can see if any repairs are needed now or in the near future on the house. I also recommend getting a home warranty which protects you in the first year (and can be extended normally) if something does by chance break.
Obviously buying brand new is great since you are the first owner and can have the house built to your choices...but your inventory in where to buy is very limited and you will probably be paying slightly high price per square foot for a new house...no negotiations typically when dealing with a builder versus an actual home owner.
Hopefully this helps a little....there are obviously pros and cons to both options....
0 votes Thank Flag Link Mon Apr 30, 2012
Yes I would have to agree newer is normally better buy for the money. However, building materials should be compared such as type of roof, tile or composition, stucco exterior or wood siding, efficiency level of heat and air unit, and energy efficient windows would be items I would lay side by side to compare. It is possible to have a house built in 1990 that has been completely upgraded recently and offers similar benefits to the newly constructed home.

Something else to keep in mind as you shop is the monthly property tax cost for each community. Empire Ranch does have Mello Roos fees which is something better to find out about upfront.
Be sure to ask your agent to research that for you on each home you look into.

Happy House Hunting!
0 votes Thank Flag Link Mon Apr 30, 2012
The New Riata in Empire Ranch is a great "green" neighborhood. You get to take advantage of purchasing a brand new, never lived in home that utilizes solar energy to lower your bills and help the Earth. Prices range from $450,000 to over $600,000 depending on the model, upgrades, and lot that you choose. The three downsides to purchasing new would be 1. possibly waiting for your home to be built, 2. waiting for the construction to finish in your neighborhood, and 3. paying a higher price per square foot for new construction vs. resale.

There are MANY other fantastic, nearly new neighborhoods in Folsom. The Parkway is located directly on bike and walking trails. Other parts of Empire Ranch have a similar feel to The New Riata, and you may be able to find a similar home for less. Broadstone also has newer homes available.

My suggestion, whether you buy a new or resale home is to hire a Realtor to represent you. You won't pay a dime for their services (the seller pays them) and you'll have someone in your court with your best interests in mind. Remember, the sales rep's job at The New Riata is to sell you THOSE homes. A Realtor hired by you is hired to help you find exactly what you are looking for (and they are seeking your referral and testimonial).

Happy House Hunting!

Morgan Larson
Keller Williams Realty
916-241-8788
morgan@morganlarson.com
0 votes Thank Flag Link Mon Apr 30, 2012
Hello Sohelkauser,

Thanks for your question!

There are advantages of buying a new home vs. a new home. First, you are buying something new (never been occupied before). Even though it is new, however, you will still want to obtain a home inspection. Another advantage is that you are likely to get a home warranty from the builder. One of the key factors in buying a new home is to determine who the builder is and do some research on their homes and where they build. You can typically go to their website and view this information. You may also want to tour the neighborhoods to get a general idea of how the homes compare to other neighborhoods.
0 votes Thank Flag Link Mon Apr 30, 2012
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