Home values affected by DLSD

If DSLD/Horton come into an existing neighborhood that wasn't originally DSLD/Horton developed, 100% of the time the home values of the existing homes will suffer.

Unfortunetly, "comps" isn't an exact science. I would push your appraiser to adjust the comps, if he can, for the differences between quality. Or try to find comps that aren't DLSD / tract housing.

Do you get a warranty with the home? Someone was telling me 5 years on them. I thought that was pretty good.

I've owned 2 of them - no complaints on the quality but I didn't stay in them longer than 3 years each. I just didn't like the clear cut, no trees, every house looks similar vibe of the neighborhoods. I have no clue how they would hold up 10+ years down the road.

We call DSLD neighborhoods instant ghetto's.

If they build near me, I'm selling the next day.

My last house was DSLD. Bought for $212K, sold for $250K about 4 years later.

Quality was decent. Only had a handful of minor issues after moving in. But DSLD comes out 3 or 4 times throughout the first year for follow ups. Think they called it a warranty inspection, but it was mostly just touching any up minor issues you noticed(fix rough trim cuts, re-caulking trim, adjust doors, fix weather strip peeling off front door, etc).

Wasn't a fan of the cookie cutter look of the neighborhood where every house looked almost exactly the same. Now that I'm in a custom built, I'd be a little mad if DSLD or Horton started building a neighborhood right next to mine because I wouldn't want the cookie cutter comps having negative affect on my neighborhood's value.

Lived in a DSLD Hood for 5 years, still own the house and its value had gone up roughly 14%.

The warranty period for the new house was 2 years for us and I've never met a builder who was as responsive as they were about getting something fixed. So this is a major plus if you buy new.

That being said...

This particular neighborhood had three phases, the first phase was completed by another developer with houses for 300K, once DSLD bought phase 2 and 3 and started building 200K - 240K houses everyone in phase 1 took a bath!

Dsld houses are shitty. They use the cheapest materials possible. I suppose if your plan is 5 years then move you’re okay, but these houses are not built to last

You obviously haven’t read my stance in this thread. In no way am I saying it was a good investment

quote:

---

THe Northshore is so saturated with DSLD/Horton neighborhoods, it is really hard to sell a used home in a DSLD neighborhood when they are building brand new ones for the same price down the road.

---

That is the problem with buying a Horton, DSLD or Level Home. When you try and sell you will be competing with brand new construction in a subdivision right down the street.

You won't be able to warranty it or give them the finishes they want but Level, DSLD or Horton can.

I don't see how they would be good investments unless it is one of the last neighborhoods that can be built in an area.