Profile picture for user6248998

Renovate or Build new

I am looking for the most cost effective way to purchase a home we want to live in for the rest of our lives.  I am not too keen on developments as the houses are too close together and they are cookie cutter looking.  We are leaning toward buying either an older home and gutting it or buy a tear down in an area we like and rebuild on the lot.  What is the more cost efficient route to go?  Who would be a good resource to consult prior to our house hunting?
  • August 31 2013 - Valrico
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

There are two words in your post that have a lot of meaning; Efficient and Cost Effective...ok 3 words.
Anyway...
It is hard to have both at the same time unless cost effective includes mid range, cause that's probably where they both meet.
Older homes are going to have a lot of charm and detail that the newer ones may not but were built in a time when efficient was second place to just having it.
Time has presented us with 'better mouse' traps ...so to speak.

As we have found in our home search, you find the property but the house is wrong, you find the house but the property is wrong.
Building is a way to have both but is certainly governed by most loans.

Keep looking and just maybe you will find a really close second in which you can have both. You have to do a lot of homework, enet browsing, and driving around on your own to find what you want.
There are numerous resources out there to help but they are not going to put the time in on it as you will find. The only person that knows exactly what you want ...is you.

But I have found that our realtor has access to 'just on the market' houses.
Find you a realtor to aid you and help in your search but plan to do some of the research, when you find something you like after you have seen the outside and are still interested let them set up an appointment and join you in the visit, they will be your buyers agent to help you through it.
The seller has an agent, and you should too.

You may have to drive a little extra to find your 'forever home' but it's out there.
 After all... home is home and at the end of the day, I'll drive a little extra to get there.
Good luck to us both.
-Joseph-

  • September 01 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for PamKrichev
There are lots of folks who feel the way you do, and lots of neighborhoods that are conducive to either the tear-down or gut it scenario. Both my son and daughter live in just such a neighborhood in a medium sized city near me. One lives in a large new home built on a double lot where 2 older homes used to be. My daughter bought a modest ranch house in a super location on a cul de sac near the school and is doing a couple of hundred thousand worth of rebuilding. Get some advice from a Realtor who really knows the area and explore it on your own too. You'll be able to see the fabulous redos next door to more modest homes. Have fun!
  • August 31 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.