New Builds with Large Lots
- Thread starter akkord
- Start date
paperboyNC
New member
Almost every new development has oddball lots that are large. There is generally a lot premium. I would work with a broker who has been to a lot of the developments and had a good pulse on which ones still have premium lots available.
the.irvine
Active member
I think in Irvine mindset is different for new developments among Asians. Most of the Asian/Indians etc dont consider lot size as a big factor, as long as inside of the home is nice thats all it matters. Maintaining and watering larger lots are expensive.
Even if you don't care about being outside in your yard, there are other negatives to an excessively small yard of the type common in Irvine new builds.
If you are so close to neighbors due to tiny lots, your house will be very dark due to shading, no plants can thrive in the dark, and also there is little privacy--you will hear everything. Your house may be detached, but its so close you might as well be attached.
I think beyond a certain price point/size house, lot size matters (to the extent that there is a minimum acceptable size. not that people may be willing to pay a very large premium for a very large lot). People may be willing to put up with a tiny lot for a starter detached condo, but a single family house over 3000 sq ft? Presumably that is a move up house, and people will be a lot pickier.
If you are so close to neighbors due to tiny lots, your house will be very dark due to shading, no plants can thrive in the dark, and also there is little privacy--you will hear everything. Your house may be detached, but its so close you might as well be attached.
I think beyond a certain price point/size house, lot size matters (to the extent that there is a minimum acceptable size. not that people may be willing to pay a very large premium for a very large lot). People may be willing to put up with a tiny lot for a starter detached condo, but a single family house over 3000 sq ft? Presumably that is a move up house, and people will be a lot pickier.
usctrojancpa
Well-known member
bones said:
Bingo, there are always buyers lined up for both larger and/or view premium lots. I've seen that the premiums that buyers have paid when they new increase by 50%-100% when it comes time to sell the home.
irvinehomeowner
Well-known member
bones said:
Hey hey... a certain someone here loves small lots.
Mety said:Kings said:irvinehomeowner said:bones said:
Hey hey... a certain someone here loves small lots.
i like big lots and i cannot lie
Does the bigger lot cost more money to maintain?
Depends on who you ask. They can be a huge downer and money suck. Or they can provide max ROI, privacy and entertainment space.
bones said:Mety said:Kings said:irvinehomeowner said:bones said:
Hey hey... a certain someone here loves small lots.
i like big lots and i cannot lie
Does the bigger lot cost more money to maintain?
Depends on who you ask. They can be a huge downer and money suck. Or they can provide max ROI, privacy and entertainment space.
As long as I get a Thank You and MAX ROI, I'm good.
In all seriousness, I never have actually owned a home with a yuge yard. All I got is TIC typical patio yard with not much maintenance required. I'm curious how much it costs to take care of a nice size yard with plants and stuff. My parents say they pay about $50 a month for little gardening caring. Anyone spending more or less?
Mety said:bones said:Mety said:Kings said:irvinehomeowner said:bones said:
Hey hey... a certain someone here loves small lots.
i like big lots and i cannot lie
Does the bigger lot cost more money to maintain?
Depends on who you ask. They can be a huge downer and money suck. Or they can provide max ROI, privacy and entertainment space.
As long as I get a Thank You and MAX ROI, I'm good.
In all seriousness, I never have actually owned a home with a yuge yard. All I got is TIC typical patio yard with not much maintenance required. I'm curious how much it costs to take care of a nice size yard with plants and stuff. My parents say they pay about $50 a month for little gardening caring. Anyone spending more or less?
Now THIS is a large lot:
https://www.redfin.com/CA/Irvine/111-Nevine-92618/home/51682825
https://www.redfin.com/CA/Irvine/111-Nevine-92618/home/51682825
irvinehomeowner
Well-known member
Depending on how it?s landscaped, a large lot can cost the same as a small lot.
We have a largish lot by Irvine standards, we?ve had a gigantic lot and we?ve had a small lot... all cost pretty much the same to maintain.
We have a largish lot by Irvine standards, we?ve had a gigantic lot and we?ve had a small lot... all cost pretty much the same to maintain.
usctrojancpa
Well-known member
irvinehomeowner said:
Yeah, it'll depend on what kind of landscaping you have done...how much hardscape vs softscape (aka grass, trees, flowers, etc). Also, any water features like a pool, spa, and/or fountain will increase your monthly cost.
Mety said:
Our rental with a small (slightly bigger than Irvine standard small) yard is $40 /month, larger yard is $50 /month. And like what everyone else said, it depends on what you have back there, if its all green lush grass with this current heat, it's going to cost a hell of a lot more in water to maintain than with hardscaping and some perimeter trees/plants. Pools, fountains, it's really personal preference. For example, I don't want a pool, but someone like USC loves his pool.
irvinehomeowner
Well-known member
akkord said:
But did you see that backyard? You can valet all your guests in the driveway and have a huge outdoor party.
If that sells for ask, is $500k #maxroi?
@akkord: Have you checked Altair? I'm assuming their lots are in the > 5000sft range. Something like this?
https://www.redfin.com/CA/Irvine/76-Cartwheel-92618/home/146201073