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Don't look at houses to buy when you don't know the price

S

spidey07

No Lifer
Looking for a new home we stopped by some nice places in our price range that were open. Driving around saw a new neighboorhood going up, big banners, open houses, etc. So sure, why not see what they have?

This new home had it all. 14 foot ceilings in the basement, dedicated home theater room,, awesome deck, real hard wood floors, incredible trim and fixtures, kitchen to die for. No cheap builder crap here, all high quality material everywhere. We fell in love with it, it was PERFECT!

Problem is when we asked how much it was nearly 50% over our max. So now we're screwed because our dream home is way more than we want to spend. And now everything we look at will be compared to that.
😳
 
Now you know what you want, find something you can afford that you can eventually (with some work) turn into what you saw and wanted.
 
If you only work harder, apply yourself, improve yourself, someday you'll have that dream house.

And TheSlamma, 14 ft ceilings give you so many more options to store the canoe.
 
TheSlamma said:
You must be tall if you need 14 foot ceilings in the basement.
Click to expand...

I like 10-12+ foot ceilings, especially in the basement. It really makes it feel like a true other floor. Plus it's better for home theater/stereo. I can't stand 8 or 9 foot ceilings and I'm only 6'3.
 
What is 50% in dollar amounts. How much more would you be paying per month based on a 30 year mortgage?

With new construction, you can often negotiate prices drastically, as builders may be desperate to sell. Offer your max, see if they bite.
 
14' ceilings in the basement? Wowzers. I've been in some 1.1-1.5 million dollar homes that didn't even have that. Can't say I've ever seen anything higher than 10'. How do they do that? Dig in deeper? Because if you didn't the above grade part of the home would just be stupidly tall.

EDIT:

For the sake of setting a baseline...1.5 million around here gets you a couple acres in an incredibly prestigious neighborhood. House is probably in the 8,000-10,000 sq/ft range with about every luxury item you could think of adding.
 
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vi edit said:
14' ceilings in the basement? Wowzers. I've been in some 1.1-1.5 million dollar homes that didn't even have that. Can't say I've ever seen anything higher than 10'. How do they do that? Dig in deeper? Because if you didn't the above grade part of the home would just be stupidly tall.
Click to expand...

Walk out. And probably one hell of a foundation. Yeah, I'd be proud to be a basement dweller in that place. Friggin' walk in (no shower door, it was that big) natural stone shower - in the basement.
 
That is the worst feeling..

I hate when you see a banner saying "starting in the low 300's"

That really means 349k min pricing lol without any options
 
spidey07 said:
Looking for a new home we stopped by some nice places in our price range that were open. Driving around saw a new neighboorhood going up, big banners, open houses, etc. So sure, why not see what they have?

This new home had it all. 14 foot ceilings in the basement, dedicated home theater room,, awesome deck, real hard wood floors, incredible trim and fixtures, kitchen to die for. No cheap builder crap here, all high quality material everywhere. We fell in love with it, it was PERFECT!

Problem is when we asked how much it was nearly 50% over our max. So now we're screwed because our dream home is way more than we want to spend. And now everything we look at will be compared to that.
😳
Click to expand...

That's the same feeling that I get by our (my wife and I) nightly walks through the upscale neighborhoods near ours. Sometimes, makes me sad to see mine when I come home. Right now, I'm glad that I own mine and don't owe on it.
 
Wow 14 foot ceiling basements? That is awesome. Is it drop ceiling at least? I hate drywall on basement ceilings, makes it hard to do anything such as add data/electrical drops. Normally it's like 8 feet. Mine are a bit under 8 feet, so it will be tricky when I add drop ceiling, I will loose a bit of hight.

When I was house hunting I saw this perfect house, but it was over my budget. I ran across a house that was the exact same house, but had never been updated, so I bought it, and renovated it, and now it's pretty much as good as the dream house I had seen. The only difference is mine has an unfinished basement (had to gut it) but in a way that's better since I can plan it out better and make a super awesome setup.
 
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