Bothell : Brand new townhome vs 10-15 year old SFH.
Hello team blind, We are new to Seattle and in search for a house in bothell area for a better school district. Our budget is maximum 700k USD. We are seeing that the brand new townhomes and old SFH with smaller sqft area are in similar price range. Can you guys suggest some pros and cons of both in terms of resale value and living. #housing #bothell Thanks you!! TC: 180K
No houses in BROTHEL
What locations do you suggest with affordable price and decent school district
Bothell has NSD and Everett school districts.NSD is really good rated schools both new and old.. people like to buy in NSD. Everett couple new schools in sunset road mostly all Indians live there
I bought a new townhomes so here’s my experience. Pros - Can to pick you own colors and customize. - lock in price and get another 6-9 months to save up. Area went up 10-15% in 2020 so this worked out surprising well. - my builder toll brother kept me up to date - I enjoy the experience to see my house evolve from nth to my house. Cons - closing date was delayed by 2 months due to Covid but we rented so no big deal for us - need to select stuff for the house, hard to make decision. Yes, it’s a pro/con - brand new means you gotta install blinds. I ended learning to do it myself to save money. Pros in the sense I was forced to learn a new skill.
Thank you for the detailed information. How do you feel about sharing walls with the neighbors? Do you see any cons related to this ?
I lived in townhomes all my life, I dun ever noticed that being an issue but some ppl with great hearing might notice it more?
I have a townhouse and am moving to a SFH, here is my take. Not necessarily all townhouses have this. But most have poor layouts for families: master and other bedrooms on different floors, lots of stairs, etc. it’s nice as a young professional, but if you want kids, you’ll want out. I hate I can hear my neighbor’s teenager’s music all the time. And I can’t blast my sound system when watching movies at 11pm. Not a huge problem, but I’d much prefer that. Land scarcity. Notice that most of the new constructions are townhouses? It’s because there is only so much area to build and the only way to go next is increasing the developments to be more dense (tearing down house to build a newer nicer house isn’t worth it and is too costly for many buyers). If you buy a single family, you may be able to sell to a developer in a few years for a really decent profit. A townhouse won’t appreciate as much, and more will come on the market. The number of SFH in a relatively central neighborhood is either going to stay the same or decrease.
That’s right . Thank you very much for the great analogy .
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Good luck buying 15 years old SFH with 700k budget
I should mention Redfine estimate still tells us 700k can get you a nice old house but the bidding war has escalated to new high. Right now, 700k asking price means 800+ after bidding
As far as I have seen, getting a townhome at 700k may not be that easy, a lot of aggressive bidding even for townhomes
SFH if you can find them in that budget. They're always going to outpace townhomes in the same area
SFH in a different location
What locations do you suggest with affordable price and decent school district ?