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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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.[/quote]

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.[/quote]

Land is expensive - building (even building well), is cheap by comparison.

If you build 3500 SF when you could have built 5,000, it is highly likely that you destroyed value.  [/quote]

How did they "destroy" value, as opposed to just not maximizing it?[/quote]

Another owner may add an addition on the back but it would've been better to build a house that was the same size as the new  builds in the neighborhood.[/quote]

For us personally, why would it have been better? We looked a lot of larger spec houses before deciding to build, and rejected all of them because they just didn't suit our lifestyle. We would have been paying more money (and thus having a tighter budget) to get a bunch of space we wouldn't really use and not have the backyard we needed for our preferred lifestyle. I understand the importance of home value (hence why wouldn't have spent a lot of money to build something totally bizarre we'd struggle to sell later), but we made a decision that maximized the overall *utility* (rather than just financial value) for us. When this house someday sells, I expect it will sell for less than what the larger surrounding houses do. [b]But there will always be people who want to live in the area but are just barely priced out, and will gladly take a slightly smaller house to do that.[/b][/quote]

Exactly.  And by purchasing the smaller house, they have lost their right to complain, and they know it.

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