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Can't decide between 2 houses-Which one to make an offer?
DH and I can't decide which house we want to make an offer on. And I need an outside person's opinion.
House #1 is a bigger house 4600 sqft, very good neighboorhood/area, lowest priced house on the street, ISD not as great as house #2, built in 2001, needs some upgrades to bring it up to our taste, the biggest expense is changing the all tile flooring to wood (estimated cost: 20K-25K), needs carpet in the bedroom and fresh coat of paint. House just became a short sale in the last week. Overall style of the house is traditional.
House #2 is 3600 sqft, built in early 90s, stucco exterior, kitchen on the smaller side, cabinets and layout somewhat dated, however the appliances are more upgraded than house #1 and brand new, the master bath has been remodeled to the max! (like towel warmer bar, dual shower heads) separate his and hers walkin closet, a lot of storage thru out the house, backs into a creek, although still in a very good part of the town but the subdivision is just a tad lower than the house #1, but still very good, the most desirable ISD. Owners have moved out, the house is ready for the new owners to move in. Overall style of the house is modern/contemporary.
Both houses are priced the same, DH and I can't agree which house to go after first.
Re: Can't decide between 2 houses-Which one to make an offer?
I would say #2 for a few reasons. For one, I would avoid short sales like the plague. It's so time-consuming and for some people doesn't even work out after all the waiting. For two, you have to put a decent chunk of money into that house.
That aside, we have two separate closets in our master and I would highly recommend. Saves us many a fight. Plus storage is a godsend. I would take a smaller house with lots of storage any day, because otherwise you're talking about making that extra guest room or whatever a junk room, rather than having storage be where it should.
Thanks for helping me to put somethings in perspective. I personally do not want a huge house, but DH was smitten by the size, the extra loft gameroom and media room house #1 had over house #2, I was worried it would takes a few years to fully furnish the house!
So we are getting all the comps for house#2 today so hopefully we can make an offer on it soon.
Have you considered the age and conditions of the roof, heating and cooling systems, hot water heater, and windows in either house? These are some of the most expensive things and could really make or break your decision. Also, the cost of the utilities will most likely be substantially higher in the larger house.
Good luck!