Hi,
I have been house shopping with my brother and we have reached a dead end on these two places.
Details:
executive townhome - $419K 1740 sq ft 5 appliances and $5K in upgrades.
This is in the heart of everything (mall, hospital, shopping, a huge park etc) and one light from the highway.
It's in a established area older area and part of a golf course that's being converted to townhomes.
detached - $410K (part vinyl) $419K (all brick) - 17,40 sq ft - $10K off on the price or use it for upgrades.
in a new development area. around 15-18km away from the townhome thus adding that much in commute time to work. i would approx. 30mins more
the entire area is new so no shopping etc yet.
This will be a final home. 3 adults - No kids.
Does he go with a detached because it's a better investment or does the townhome (this new home has increased in price by $25k in the past 2 years) make more sense because of it's location and convenience?
What do people normally base their home purchase decision on?
I have been house shopping with my brother and we have reached a dead end on these two places.
Details:
executive townhome - $419K 1740 sq ft 5 appliances and $5K in upgrades.
This is in the heart of everything (mall, hospital, shopping, a huge park etc) and one light from the highway.
It's in a established area older area and part of a golf course that's being converted to townhomes.
detached - $410K (part vinyl) $419K (all brick) - 17,40 sq ft - $10K off on the price or use it for upgrades.
in a new development area. around 15-18km away from the townhome thus adding that much in commute time to work. i would approx. 30mins more
the entire area is new so no shopping etc yet.
This will be a final home. 3 adults - No kids.
Does he go with a detached because it's a better investment or does the townhome (this new home has increased in price by $25k in the past 2 years) make more sense because of it's location and convenience?
What do people normally base their home purchase decision on?