We're trying to decide on two different homes at the moment. One is closer to downtown, but is smaller though cheaper. Only problem is that it's on the "wrong side of town" which could hurt the resale value.
The other is in a more suburban-ish area (ick) but is a bigger, nicer house that's on a corner lot about twice the size of the lot the other house is on. This one is located in a booming area of the city, just inside the full purpose jurisdiction.
The one on the corner lot is going to cost about $300 per month more than the other and money will be tight, but we will always make more money and I'm thinking the resale value will be higher. The neighborhood is also nicer with more open space areas and very active neighbors (everyone's always outside walking the dogs, jogging, doing yard work, etc.) Also, being a corner lot, when you look out of the windows you don't look directly inside the window of the next house.
What would you do in this situation? We are definitely buying one of these two homes. We're already pre-approved and they are better deals than we could find anywhere else and still get what we want. Being that they're trying to move their inventory homes, the sales offices are offering major incentives (the corner lot home is getting about 15k knocked off the top as well as all appliances included).
I'm wondering if some of the more experienced homeowners on here could give me some advice. Save our money and get a smaller house that may be harder to sell later, or buy the more expensive house that will be worth more in the long run.
Both homes are brand new and both are within the city limits.