buying an attached home in unattached development
Looking at purchasing an attached home in a new condo/PUD development. All the homes in this development are detached single family except for four homes. The development will be over 200 homes. I am leary about buying attached ( mostly because of resale), but can't afford the detached because of the economy. All homes in my area are very expensive and due to the economy we are forced to sell our home, downsize and move away from our neighborhood of 30 years in order to not lose all of our retirement.(We are baby boomer empty nesters [ husband was downsized before the economy started showing signs of gloom] who took an absolute hit with the economy and probably will never be able to recoup our losses.) A single family home is out of the picture but I don't want to feel like I gambled and lost if I buy this place.
Right now we really feel the price is high as compared to the stand alone homes and feel we can negotiate it to where we are comfortable. We are getting ready for market in the next few weeks and have been told we have a very desireable home and should have no problem selling even in this market. If we don't buy this home we are looking at really bad options that we would have to sink a lot of $$$ into to bring it up to par. This would be new and give us most of the things we enjoy so we wouldn't feel like we were living back as we did 40 years ago. Thanks! ~L