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re: Home values affected by DLSD
Posted on 10/2/19 at 12:51 pm to SulphursFinest
Posted on 10/2/19 at 12:51 pm to SulphursFinest
quote:Sold my first for a 10% profit after 3 years (was a lower end low cost neighborhood in the middle of Mandeville so demand was high)
How was the resale on them? As long as I don’t lose money I don’t care.
Sold my second for what I paid for it after 3 years so I took a loss on realtor fees.
THe Northshore is so saturated with DSLD/Horton neighborhoods, it is really hard to sell a used home in a DSLD neighborhood when they are building brand new ones for the same price down the road.
This post was edited on 10/2/19 at 12:54 pm
Posted on 10/2/19 at 2:35 pm to TigerTatorTots
Lived in a DSLD Hood for 5 years, still own the house and its value had gone up roughly 14%.
The warranty period for the new house was 2 years for us and I've never met a builder who was as responsive as they were about getting something fixed. So this is a major plus if you buy new.
That being said...
This particular neighborhood had three phases, the first phase was completed by another developer with houses for 300K, once DSLD bought phase 2 and 3 and started building 200K - 240K houses everyone in phase 1 took a bath!
The warranty period for the new house was 2 years for us and I've never met a builder who was as responsive as they were about getting something fixed. So this is a major plus if you buy new.
That being said...
This particular neighborhood had three phases, the first phase was completed by another developer with houses for 300K, once DSLD bought phase 2 and 3 and started building 200K - 240K houses everyone in phase 1 took a bath!
Posted on 10/3/19 at 5:01 am to TigerTatorTots
quote:
Sold my first for a 10% profit after 3 years
lmao 3.3% gains per year and you lost on the next one
dude you should be renting and investing elsewhere. do not listen to homebuyers. they are completely clueless fr
Posted on 10/3/19 at 9:47 am to TigerTatorTots
quote:
THe Northshore is so saturated with DSLD/Horton neighborhoods, it is really hard to sell a used home in a DSLD neighborhood when they are building brand new ones for the same price down the road.
That is the problem with buying a Horton, DSLD or Level Home. When you try and sell you will be competing with brand new construction in a subdivision right down the street.
You won't be able to warranty it or give them the finishes they want but Level, DSLD or Horton can.
I don't see how they would be good investments unless it is one of the last neighborhoods that can be built in an area.
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