I am a single female in my thirties. Bucks County PA market.
I have been looking for a SFH for a while now in the 375-425k price range. What I have seen is mostly older homes from the 60s, less than 1500sqft max, and generally nothing to get excited about. I also notice these homes tend to sell for a good 10-15% over list.
Going up a bit higher in price, in the 470-500k price range, homes tend to sell for list price, and are a huge step up in quality, size, and are also more modern.
I found a nice house built in 1991 for 470k. It is a 4bed house, in a good neighborhood on a good street in a good school district. It is well within my budget.
I was thinking, why spend (and overbid) on an unexciting 2-3bed house in the 375-425k price, when I can spend a bit more (470k) and get something really nice?
But now I feel silly to buy a house as a single woman. I don’t plan on starting a family anytime soon, and I figure the cost of maintaining the house will be high. What will I do with 4 bedrooms?
Still, I like it a lot, and as I mentioned once you cross into the 475k price range in my market, the quality takes a big jump up. It just seems I can spend an extra 50k on the house and get something nice, that I would be proud to live in, as opposed to an older, smaller starter home. But I feel dumb buying a 4bed as a single woman.