If buying first time and will sale in a few years, is buying a cheap kb home that bad of an idea?

Question

I know KB homes have bad reputation and are cheaply built, but if it's what you can afford and will sale in about 4 to 5 years. Is that so bad?

Answer 1

1. If you like it and can afford it then the next guy will.

2. When a builder like KB has a bad rep, it's usually referring to the customer service (fixing things after you move in). The quality is actually set by the local building code and inspector, the superintendent on the job, and the subcontractors who happen to be showing up. In spite of all the hype, it's really not the builder.

3. Value = location, location, location....

Answer 2

I sold Real Estate for 10 years on the North East. What is a kb home? I never heard of one. Anyways, I've bought several fixer-uppers and have done very well with them on re-sale. Find out what comparable homes in that area are selling/sold for within the last 6 months. Determine how much it will cost to bring that home up to standard including the cost of hiring an agent to re-sell (commission). If it looks like you'll make a profit then do it. Remember the market is slow right now. Also the location can determine how quickly it will sell.

Answer 3

if you are any good at fixing things up, or have friends or relatives that are any good, why don't you buy an older house that is in need of some repair, and fix it up a little over time as you live there. older homes maybe built better. anyone can paint and cleanup and get rid of junk and clutter. if you can install some new cabinets in the kitchen and put in some new carpeting (not that expensive) and new windows...can be expensive, maybe it needs a new roof. if the roof isn't that steep, you and your friends and someone that knows what they are doing can put on a new roof, you don't have to put it all on at one time, maybe just a section at a time, when you have a weekend to work on it. that is what I would do, rather than buying something that you know is a piece of junk right from the start. hire an experienced home inspector and have them look over the house and help you get an idea of the cost of fixing up things. much cheaper to fix things up on your own instead of paying someone, buy your friends steak and beer and you still will be way ahead of the game. you can rent or borrow most any tools that you will need.

Answer 4

I like KB homes. I think it is a good idea. It is not the builder that determines the end value. It is you. You are going to have to add to your home to make it stand out when you sell.

Answer 5

no not neccecerely omly if your not willing to spend a lot of time,effort and money to get back more then what you spent but for my opinion i think its a waste of time!!