New construction worth it? - Zillow Real Estate Advice

I am hesitant in purchasing the house because I am worried that it will not appreciate. Am I wrong in thinking this way? My experience is with new construction is like buying a new car, it is more likely to lose value %-wise as compared to non-new construction, everything being equal.

I do love the house, but I don't want to be in a position where if I ever need to sell, I will end up selling for less than what I paid. Is this house worth it?

Possibly, and if that is your concern I would go with the used home. If that issue financially is not an issue, then go for it.

And as mentioned by Susie, having the most expensive home in the area is not always the best idea.

I just appraised a home worth $1.1M in an area of homes worth $550K and the owner thought it was worth $2.0M due to size and acreage.

The principle is called 'overimprovement' . Its OK if you have enough money where its not an issue but not great if you dont.

Source: http://www.zillow.com/advice-thread/New-construction-worth-it/469217/

fast times at ridgemont high fast times at ridgemont high soylent green phil davis george st pierre aldon smith friday night lights