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RoseTears RoseTears 26-30, F 13 Answers Dec 3, 2012 in Community

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We bought an older home for a ridiculously low price and did all of the renovations our-selves (husband is a building contractor) I could sell it now for three time what I paid for it. New houses cost a lot to build and you will still have to pay to live somewhere else until you get your occupancy permit for the new home.

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This is what I was thinking when contemplating renovation. I guess this is where getting an honest Realtor would be crucial so you don't bite off more than you can chew so to speak.

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Building a new house was fun <br />
picking out everything just the way I wanted it

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Did you do your own footwork or work closely with the contracting company for selecting items?

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Build a new one . . . we should get to do this once in every lifetime!

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Building new you get <br />
<br />
1) The house you design and want<br />
2) New so modern materials and techniques = energy efficient<br />
3) New so no, or low maintnance<br />
4) New so incorporating the latest technology to make life easier <br />
5) New and energy efficient so low energy bills <br />
6) New modern comformtable efficient so easier to sell when / if you want to <br />
7) New = you dont have to repair/work with the mistakes and decay of old builders<br />
<br />
just a few examples of why I think New is best

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I agree with them all...thank you!

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two words: Money-Pit....

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I haven't seen it but it sounds hilariously frustrating! I might have to find it. :-) Point taken as well lol.

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I'd prefer brand new, you don't have to worry about any hidden problems that the Realtor isn't telling you about.

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this is very true...sneaky bastards!

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my first wife bought a house....then came home and told me......pipes were held together by electricians tape, the bathroom tiles fell into the tub.....after seventeen years of weekend labor and thousands of dollars it was a palace...a month after it was finally finished, she found a boyfriend and filed for divorce.....save your money.....

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....oohhh wow. :-(

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man...sound like life slapped you in the face. I know how hard it can be to renovate a house.

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Id like to just walk into one that was detached and cozy and well away from annoying neighbors .

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depends if it was an old historic rustic type id want to restore if not would want to design and build new one

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sometimes it is easier to build your own. i built both my houses

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I am toying with the idea of designing my first home. Did you pay out of pocket or get some sort of financing? I'm not sure how that part works...

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i paid out of pocket till my money ran out then got a loan to finish. Its easier to get a loan if you already have something started. n the same note it is hard to get a loan if your not a contractor and building it yourself.

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I see, thanks for your input.

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Answer to it would be very situation specific.

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