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What would you pick?

First time buyer located in So Cal, only qualify for about low $500K so my options are extremely limited.

Looking at two options: a yet-to-be built Lennar home, or a 1960s bungalow.

The bungalow is old, small (under 1200 sq feet.) will need cosmetic repairs, has a pool, big backyard, a je-ne-sais quoi charm to it.

The Lennar home is twice the size, tiny backyard, new BUT - carries the Lennar reputation which is pretty bad from my research. It’s also a track home and would give me “pleasantville” vibes.

The two options are pretty similar in price. So is a 70 year old home that is still standing a sign of a ‘good’ home or does it mean it will soon need a lot of work? And is a new home that will possibly be hastily and shoddily built be worth the hassle, given its larger size and newer amenities…

What would you choose?

submitted by /u/petuniagriffin
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source https://www.reddit.com/r/RealEstate/comments/1656zrx/what_would_you_pick/
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