I've never posted to this forum before so Hi! My husband and I got married in July and are wanting to buy a house and move back to our hometown sometime between April and June (our lease ends mid-June). We were in our hometown scouting out price ranges and neighborhoods. He has been bugging me for months to put a down payment now and just rent it out until we want to move in June. This option stresses me out because what if we don't find renters, or what if our renters don't pay, or what if our renters move out, or worse, what if our renters trash the house.
While looking this weekend we came across a new development. The baseline package was about $9,000 under our budget, so we have about that much wiggle room for options and upgrades. The development is in the best school district in town (for our future babies) and our side of the street is the last to be built on so it's not like we will be staring at empty lots for months. I'd love some advice/experiences on buying new vs. pre-owned. My husband is freaking out about buying new, while I love the idea of being able to make it my own and move into a new neighborhood with younger people like ourselves. We have a $1000 refundable lot retainer down, but we have to decide by Sunday, or we don't get that back.