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Torn between properties

In the process of purchasing a home. I’m torn between two properties. One of which is a new construction build and my wife loves it vs an older (2001 build) existing home which I prefer. Here are some key elements of information.

New construction build

Price: $800k+

0.25 acres of land

HOA $680 annually

Amazing kitchen (Wife is in love with)

4 bedrooms

4.5 baths

Finished basement

Front load Standard 2 car garage 20x20

Convenient grocery store across the street

Commute to work stays the same

All appliances provided by builder

Build time roughly 7 months

Existing Home

Price: $660k

0.75 acres of land

HOA $200 annually

4 bedrooms

3.5 bathrooms

Finished basement

Side load extended 2 car garage 24x20

More rural

Commute to work increases 5 minutes

In ground pool

Rear deck area

Hot water heater, roof, and pool liner all replaced within last 5 years

Seller is including riding lawnmower and snow blower in purchase

Very well up-kept interior and exterior

Seller wants to sell in 3 months as they are moving to another state

My wife values convenience and the ability to customize the structure and functionality of the new build. I value the ability and freedom to further build and expand on property with minimal HOA restrictions. If we purchase the existing home we’ll have $100k available to update interior areas like kitchen, flooring, bathrooms, etc. We have a home currently and would not need to sell it immediately.

Hoping to get some perspectives from others.

submitted by /u/AveSmiley
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1qi2xd5/torn_between_properties/
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