Thursday, January 24, 2008

New Construction House vs Value House

When you decide to buy a house, as I understand there are 2 options : buying a new construction house or buy a value house in order to be able to sell against a profit.

When my husband bought our house it was a value house, and he did a few repairs on this house. Although he didn't buy the house just to renovate and sell. To buy a new construction house, you may pay a bit more, but you can build the house to your wishes including the land needed for the house. When in the end you might want to sell your house it's possible that you can sell it at a higher profitrate and it might be more easy to get a permit to build extra's for the costumer who bought your house. Even tohough a value house is more easy to get by,it also often needs special repairs and sometimes you are still not allowed to add extra's, a permit to build extra's for a valuehouse might be a bit more difficult to arrange.
If you feel you need extra help by deciding what kind of house suits you better, better to read the Free The Dones personal finance blog for more info.

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My name is Juliana RW. I am WAHM with two boys. I live in the Netherlands since September 2004. I use Nikon D3300 (start Dec 20, 2014)
I am the author of Gift for All seasons, as well. My Online Shops can be find at: here

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