LOL. This made me spit out my beer. |
I'm buying a home in Fairfax County for well less than a million that has a marble hearth that was originally installed in a home owned by General George Patton. Also the magnolia tree out front was grown from a branch removed from a Magnolia tree at Mt. Vernon, and some of the floor rafters were taken from an old warehouse in Alexandria. It's these little historical connections that make older homes compelling. |
That sounds gorgeous. |
That's no different than putting that stuff in a new home. It wasn't in the home originally. |
Good point - though that Magnolia tree is now well over 50 years old, and at least one of the oak trees on the property pre-dates the Civil War. The original house was built in the 1920s and has been thoughtfully remodeled several times as each generation of owners decide new ways to make the home have more modern comforts without removing the nicest features of earlier owner's enhancements. Thus, the wood staircase is original whereas the travertine bathrooms and cherry cabinets in the kitchen are clearly much newer. The stone retaining walls and hand dug well on the property are more difficult to date. While most old houses won't find a place in the national history books, you can't tell me that a four hundred year old Villa in Italy or a 250 year old American farm house has no history. Only a small mind thinks that the only history that is important was written by text book writers. |
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People definitely have their anger misplaced blaming builders. They're in it to make money, not doing it as a charity. Is it unfortunate that these monstrosities are built on tiny lots? Yes, I agree, but ultimately if that's what people want, so be it.
Are all the craftsman style houses sprouting up everywhere in Vienna getting tiresome? Sure, but ultimately that's the market, and if enough people get sick of them builders will have to cut prices to move them. I'm no fan of a lot of new builds, but ultimately the economics (building a bigger house has higher margins) is what it is, and I can't fault builders. I think I'm not a huge fan of new builds because I think many are overpriced (not to mention the other reasons mentioned previously), but obviously people don't agree as they're selling. Ultimately the high end of the market is what most homebuilders serve these days, and it makes sense. If/when the market ever cools down, we'll see more modest builds becoming more common. Until then, it is what it is. Markets move like pendulums. Right now the stock market is booming and DC area real estate is expensive (yes, I think it's overpriced and I'm a homeowner), but it is what it is. |
| Im happy they are building all those McMansions inside the beltway. When the next depression hits they will be easy to convert into row-houses. |
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or condos
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Oh if I had a pet peeve with new builds it'd have to be new homes that are built on old lots, but the house is setback so far that there's practically zero backyard.
That's probably my #1 pet peeve. They look great from the front w/ a ton of curb appeal, but unless you wanna have a redneck BBQ or party in your front yard, it destroys the backyard. Again, clearly most people don't care about a backyard and prefer more space inside (since the places are selling), but that's my personal pet peeve with a lot of new builds. |
| ^I've seen many of these houses and they have 90% front yard and 10% backyard. Unless the house was/is at a steep discount, it gets crossed off the list. |
This is why we bought a lot and then hired a builder for the house. We wanted an actual yard, and felt that the 3,500 sq ft we got was more than adequate for our needs. If a builder had done a spec house on this lot, it probably would have been nearing 5,000 square feet, with hardly any yard. Instead, we have a nice-sized patio, swing seat, separate fire pit area, and room for the kids to play soccer. |
and lower resale value |
So? We expect this to be our forever house, so we're not terribly concerned with that. And even to the extent we are, we overall spent a lot less than it would have cost us to build a bigger house or buy a spec house, so our net profit will be fine. |
Smart.. current land prices are nuts imo (compared to 2-3 yrs ago), and we can't justify building a house right now (not to mention builder prices are higher). A friend built a nice house a cpl yrs back, and it'd cost about $400k more (land and builder costs) to do it today. We'll be staying put for a couple more years, and see how things are then.
The current market, perhaps.. if people start caring about backyards however in the future, maybe not. My wife and I prefer the ~3500 sq ft house w/ a backyard. I'm sure all these hardiplank craftsman homes all over the place will be worth less in the future as well when they're out of style in 10 yrs..
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This person has built a home to live - not sell. |