[quote=AN]Another question for you guys regarding what’s considered “new” to get the “new” premium. I’m sure I’m totally off base here, but wouldn’t a completely remodeled home with all the modern conveniences be just as good as new?[/quote]
If by remodeling you mean just the inside, no I don’t think it would be the same, because some people probably would still view the outside as looking old.
If you are talking about a complete teardown to make it look more modern, then probably some would then say the neighborhood still looks old,
People that are drawn to a new home, are probably looking at the entire appearance of the neighborhood.
Vanity 101 i guess.
At one point, I had considered Pardee’s then new Saratoga home, because it was in a newer neighborhood, even the actual sqft was the same as my existing home. I eventually chickend out because I was too cheap and didn’t want to pay for the premium. but plenty of people did. Evan as resales now, Saratoga homes still have a premium over comparables i think.
