I am trying to buy my first home. I have zeroed in on a new town home construction on New York street/Rt 59. Will there be an issue on the resale value of this town home after few years as compared to a single family home in the same area. I am in a quandry over buying a new townhome against a single family home since I don't know whats the price range of a 1-3 yr old townhome in this area. Your feedback would be appreciated.
We here the same type of qustions from many first time home buyers. Most first time buyers ask these questions after they buy a home, It is good that you are asking questions before you buy. The key to getting these and many other questions answered is working with an Realtor that knows the area and has work with new home builders. Most builder will allow you to be represented by an Realtor. We can also give you information about home that are for sale in the area you are wanting to buy. Having this information before you meet with a builder will put you in a better position. It will not cost you any more to have an agent with you when you go to new contruction and could save you in the long run. Feel free to contact us if we can help. Please visit our website for more infprmation about buying a home.
First: Congratulations in purchasing your First home, it's always an exciting time.
Second: Real Estate has always been a Sound Investment.
Your in a good area for new construction. You are close to shopping, restaurants, main streets and highways. Depending on what your paying for the townhouse you should be fine.
There are a lot of single family homes for sale that you can get a great deal on. Plus no association fees. Generaly speaking most the time single family homes are a stronger investment. if you would like more detail, e-mail me at gmetallo@comcast.net.
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