Can anyone offer any pros/cons about them?
We took a tour of Savannah last night and unexpectedly liked it, but it just seems so "one of us.... one of usssss.... drink the kool-aid..." But we really really like the idea of building a house from scratch, especially since it's so cheap compared to some of the houses we're looking at (that we would then need to sink $$ into to customize to our liking).
So, anyone here live in one? or lived in one in the past?
Re: xp from nest re: planned community thoughts
Is Savannah the one out in Aubrey on the way from Denton to Frisco (I forget the hwy ... 380 maybe? 360?)? My cousin used to live out there. She had a small home and liked it a lot ... had nice neighbors, lots of kids and younger families. The issue arose when she tried to sell. All those brand spankin' new homes are cheaper to have built brand new then to buy one thats 5 years old. She LOST money on her home sale.
IDK - I wouldn't buy into something like that unless you're planning on staying there a LOOOOONG time, and when you DID move you wouldn't be on some sort of a time schedule.
The Mouse ~ 06.12.08 | The Froggy ~ 02.23.11
I want to make sure that I got this, because it confused me.
The builder was still selling the same floorplan, brand new for cheaper than the existing homes, right?
Correct. The brand new homes can be/are being built and sold for less then what existing homes are worth. Why would someone buy a more expensive USED home, when they can have a brand new one built with all the customizing THEY want for a cheaper price tag?
When she was trying to sell, half of the existing development was for sale ... it took her over a year to sell, and she LOST money on it.
ps. This is one reason DH and I insisted on an older home in an established neighborhood when we went to buy.
The Mouse ~ 06.12.08 | The Froggy ~ 02.23.11
I gotcha! We built ours in the last phase of the development and by a year later the builder was selling them for 20K more than we paid.
Then the market tanked and our house lost value anyway
That's EXACTLY what attracts us now, but you're right in that we'll have to wait for a couple more housing cycles to sell. And if we don't like it we're SOL. It's definitely on our "con" list.
DH and I were considering buying a house in Providence. It's a little less "master planned" I guess you can say.
There's more ins and outs... where Savannah has like 2-3 ins/ outs.
I really like the family enviroment we saw while driving around. We saw parents playing catch and kids playing... it was nice.