From: "PC" 
Newsgroups: misc.invest.real-estate
Subject: Re: surrounded by old houses
Date: Fri, 20 Aug 2004 11:41:31 -0400

Thank you guys,

I'm at Michigan.
the location I'm considering building a house is one of top ten school
district.
House values are neighborhood around $300K to $400K.
But they look old. and mostly Ranch style with about 3000sq.
little bit of brick and wood exterior.


hummmm...



"Dan"  wrote in message
news:10ib1q273r35jd2@corp.supernews.com...
> Rarely is it wise to have the nicest or most expensive house in the
> neighborhood. It should closely match the rest in size, etc.
> The potential functional obsolescence of your neighbors' homes mentioned
is
> true. But it's still risky to predict the long term trend in a
neighborhood
> when it comes to replacemtent.
>
> "Maren Purves"  wrote in message
> news:cg3ev2$34k$1@news.hawaii.edu...
> > PC wrote:
> > > We are considering building a new house(3000sq).
> > > We found a land (1 akers ) located on very good school district but
> houses
> > > around looks very very old(19060-1970).
> >
> > very old is from at least the last century.
> > Are these "old" houses of good quality and not functionally
> > obsolete? The age of a house may make less of a difference
> > than what's in it, or the layout/floor plan.
> >
> > > Of course they are rich living in old house.
> >
> > ???
> > (we live in a house built in 1951 ourselves)
> >
> > > I'm worry about not getting a good resale value when I move out.
> >
> > If you already think about moving, myabe building isn't such a
> > great idea in the first place.
> >
> > > Is  new house going to be worth surrounded by old houses?
> >
> > Think about it: if the old houses are or are going to be functionally
> > obsolete, or if they deteriorate, they will be replaced.
> > Maybe by the time you think of selling yours will be the old
> > house on the block.
> > If you're thinking about building a spec home, maybe it isn't the
> > right neighborhood (but then, maybe it is).
> >
> > A lot depends on your market and your time scale.
> > Your post doesn't give a whole lot to go by.
> >
> > Maren
>
>