General Area in Irving>Question Details

Harris, Home Buyer in Irving, TX

Building new home in old subdivision of North Irving.

Asked by Harris, Irving, TX Sat Nov 8, 2008

Hi,

I am planning to build my 3300 sq.ft. 2-story home by the intersection of Walnut Hill & Esters near 161. The small subdivision has homes about 30 yrs old with only a few 2-story homes. There are 3 new homes neighboring my lot. As far as I know the home values are 150-300K in the subdivision. Even though Irving is highly desirable Im not certain if I should build on this lot considering resale. Im yet to get bids from builders but total cost should be 290-330K. Please advise me if its a good choice to build here or not even though Im saving money here.

Thanks n here is the map to the lot.

http://maps.live.com/#JnE9eXAuMzk0OSt0aW1iZXJpZGdlK2RyaXZlK2…

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Answers

4
Harris,
Although the location "Northridge" is desirable, I think you will be overbuilding for the area. You never want to own the biggest house or the most expensive house in your neighborhood.

Naima
214-289-8555
Naima@sumner-realty.com
Web Reference: http://www.sumnerrealty.com
1 vote Thank Flag Link Mon Nov 10, 2008
I work with an excellent builder in that area, look me up I'm the servant! You don't have enough info yet! $150-$300k is too big of a range. You need to know sold comps for the closest kinds of properties to yours in that neighborhood. No I do not think you'd be overbuilding. It all depends on how much you have to pay the builder and what price you acquired the lot at. best of luck
0 votes Thank Flag Link Sat Oct 24, 2009
Thanks about the buyers agent advice! Anyone have direct advice from their knowledge?
0 votes Thank Flag Link Sun Nov 9, 2008
Your best bet is to find a buyers agent to represent you in the process. If you have already entered into an agreement to purchase with a developer/builder, this may not be possible.
Web Reference: http://www.mariatmorton.com
0 votes Thank Flag Link Sat Nov 8, 2008
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