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Home values affected by DLSD
Posted on 9/30/19 at 3:38 pm
Posted on 9/30/19 at 3:38 pm
Anyone have experience with their home being undervalued do being in neighborhood with DSLD or comparable builds? or received an appraisal where custom built home was compared to a DLSD or comparable company.
6
Posted on 9/30/19 at 3:57 pm to Dotherightthing
If DSLD/Horton come into an existing neighborhood that wasn't originally DSLD/Horton developed, 100% of the time the home values of the existing homes will suffer.
Posted on 9/30/19 at 4:14 pm to Dotherightthing
If DSLD drops 400 comparable houses within a quarter mile, the issue is that the market is suddenly flooded. Ballpark estimate I'd say 2-3 years after the development is fully sold it should all start to stabilize, maybe longer.
I haven't been in that situation myself, but if I was I would maybe try to hold on to the house for a few years.
I haven't been in that situation myself, but if I was I would maybe try to hold on to the house for a few years.
This post was edited on 9/30/19 at 4:16 pm
Posted on 9/30/19 at 6:00 pm to Dotherightthing
Unfortunetly, "comps" isn't an exact science. I would push your appraiser to adjust the comps, if he can, for the differences between quality. Or try to find comps that aren't DLSD / tract housing.
Posted on 10/1/19 at 1:03 pm to Dotherightthing
I’m having a DSLD home built right now. The price and product was way better than what I could get a 40 year old house for.
Also, don’t plan to live there longer than 10 years, and I’m renting now.
The quality of the homes didn’t seem bad at all. Maybe not as fancy and well built as a $300-400k house, but they look nice and well built.
Has anyone had bad experiences with them?
Also, don’t plan to live there longer than 10 years, and I’m renting now.
The quality of the homes didn’t seem bad at all. Maybe not as fancy and well built as a $300-400k house, but they look nice and well built.
Has anyone had bad experiences with them?
This post was edited on 10/1/19 at 1:59 pm
Posted on 10/3/19 at 3:48 am to Dotherightthing
Dsld houses are shitty. They use the cheapest materials possible. I suppose if your plan is 5 years then move you’re okay, but these houses are not built to last
Posted on 10/3/19 at 9:44 am to Dotherightthing
They're essentially brick and mortar mobile homes.
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