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Member Since 09 Mar 2005
Online Last Active 2 minutes ago

In Topic: Buying a new house

Today, 11:16 AM

Another thing to consider in buying new construction in the neighborhood is all of the surrounding construction as well.  We bought one of the last houses finished in phase 2 of our neighborhood.  The 3rd and final phase is about 50% complete and its sometimes annoying.  Mainly because we've had to have our yard dug up twice because the gas main runs in our front yard and they needed to bore and connect 2 houses across the street.  Just this morning they were boring and up my neighbors yard (and I assume mine because it was flagged and painted) and are running fiber through the neighborhood.

In Topic: Buying a new house

Today, 10:22 AM

View Postjacobp, on 26 January 2015 - 07:47 AM, said:

I moved into new construction but didn't build ourselves. Got it at a great time too. the house had been finished in May and hadn't sold. We closed on it for a helluva deal on New Year's Eve. Think they wanted it off their books for 2012.  got it for a steal at $100/sq. foot, right before home prices started rebounding here. Similar houses are going for around $115/sq. foot in our neighborhood now. Really tempted to sell, but I :lanekiffin:ing hate moving.

I don't know what the time statute is for getting popped with a capital gains tax... but there's also that to consider if you buy and turn around and sell quickly.  2 years seems like what I've heard before, so you may be good.

I wish I coulda found 100 or even 115 a foot when we were buying (in this county).  We came in at like 124 a foot, which is still considered lower end for comparables in the area.  Similarly, across the metro about 30-45 mins in another good area, our house would have probably gone for 110 a foot.........

In Topic: Buying a new house

Today, 09:39 AM

View Postrazorhead, on 25 January 2015 - 08:34 PM, said:

Building a house now (sucks BTW), got 3% on a 15 year loan

I will be doing 15-yr fixed on my next home, whenever that may be.  I will also have one built instead of buying spec.

In Topic: Buying a new house

Today, 09:37 AM

View Postrazorhead, on 26 January 2015 - 07:46 AM, said:

You will never know how capable your wife is of spending every last dime you have until you build a house


We bought "our" first house (she owned one prior to us getting married, but it was an older house that was in her family) this past September.  Here it is, almost Feburary, and we've been in the house roughly 4 months.  We have yet to finish buying crap for this house.  Just yesterday we bought a painting and a lamp.  About 2 weeks ago we bought a freakin' buffet table for the dining room, a coffee table and a display cabinet.  All stuff my wife has been begging for since we moved it, but they weren't deemed necessary (like couch or bed were) when we initially bought furniture.

It's getting close to finished... but I severely underestimated the amount of money we'd sink into it.  I can handle upkeep, maintenance and repairs.... I understand those costs.... but dang, she's bleeding me with all this decorating.  

I had several perfectly good deer and fish mounts that could have been perfect decoration.

In Topic: Buying a new house

Today, 07:22 AM

 shamoan, on 25 January 2015 - 08:25 PM, said:

so, the wife and i are running out of room and the kids are sharing a room and its time for us to purchase our first home together.  it will be new construction.  we have been pre approved and both have good credit.  any pro tips or crap to look out for?  from what i hear, interest rates on a 30 year mortgage are hovering around 4%.....im a noob at all this, so what does sec talk have to say?

Saw the FB post. Are yall gonna be close to town or out in G-Town?  Feel free to PM.

When it gets done and to inspection time is when the knowledge will need to be applied. For new construction, a thorough punch list is a must.