Quote:
Originally Posted by DA9ve
Very on point. Hard to find ones with mortgage helper and good layout now.
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Totally. There are still some options in the 1.1-1.25 range if you aren't too picky about the neighborhood/street/curb appeal, don't mind 1500-1800sqft (2 beds up and 2 beds down max), and are okay dealing with a massive reno. However, you will still face a lot of competition from builders in this range. I've seen a lot of homes that sold last year back on the market after a quick & dirty reno, asking 300k+ more.
We spent 8 months looking for the ideal situation: 3 beds up + a 1-2 bed suite down, without "overpaying" and going subject free on a 40-50 year old house in a bidding war (in hindsight, maybe we should have...
). Now, that type of configuration in a decent neighborhood is easily going for 1.4 before reno.
Hence why we bought a house in a very nice neighborhood in West/Central Coquitlam. We are now able to reno the entire house for the same price as a non-reno'd house in Vancouver and we were also able to pick which neighborhood we wanted to live in.