Our new house was less expensive than the bank owned homes we were looking at. Plus the builder is paying all of our closing costs. With that said, we sold our 1724 square foot house bought a 3700 square ft house and our monthly payment went up by $50.00. Originally our new house was selling for mid 700,000 about a year ago but kb ran into major permit issues and so the buyers cancelled. Not sure when or how much our new home will appreciate but we are getting a really nice house at a price we can afford.
