Asked by Douglass Mcneil, Palo Alto, CA • Fri Mar 8, 2013
Was not targeting this type of home...but given how crazy Palo Alto market is, I am seriously considering...
Question: Is there a lot of interest in the buyer community for these homes? These homes don't seem to be flying off the shelf...but perhaps DR Horton is tightly controlling the release/inventory of these homes.
When I evaluate, this is what I see:
Pro's: Palo Alto schools, walking distance to Fairmeadow/JLS, walking distance to other amenities (Mitchell Park, new library), new construction features, relatively low $/SF
Con's: super-dense housing (tiny lot, 3-floors, little/no outdoor space), potential traffic challenges with shared retail space apartments, noise b/c Alma/train tracks, limited/no rennovation option
2nd question: Would these type of homes appreciate worse than traditional homes in Palo Alto? Given the very little land and limited options to renovate/improve the home
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