3 Durham Neighborhoods First-Time Home Buyers Should Consider
The home buying process can seem complicated and complex to anyone who’s looking to be a home owner for the very first time, but it’s something most of us will all experience at some point in our lives. With home prices steadily on the rise in Durham and throughout the rest of the Triangle area, there’s hardly a better time to purchase a home than right now, especially with mortgage rates still hovering around historic lows.
But when you’re trying to balance a tight budget with all the other factors you’ll want to consider when buying a Durham home for the first time, determining where to begin your home search can often seem overwhelming. Finding a home with enough space, in a location you want, and for the price you need can be tricky, but if you’re truly wanting a great value, I recommend starting your search in these 3 Durham communities:
If you appreciate more of a cozy setting that features a pretty wide-range of single-family and cottage-style homes, Woodcreek isn’t bad place to consider. Smaller ranch-style homes and cozy cottages dominate the housing landscape here, keeping home prices affordable on just about any budget. Lot sizes are also pretty large in Durham’s Woodcreek neighborhood as well, providing residents with plenty of space and privacy, and a great entry-level option anyone out there should consider.
An older home isn’t for everyone, so if you’re looking for something that leans more towards the newer construction side of things, why not consider Ganyard Farm? Most single-family homes for sale here were originally built back in 2009 or 2010, and there’s also some brand new construction townhouses in Ganyard Farm that are both affordable and functional for any home buyer, first-timers included!
One of the more underrated subdivisions in all of Durham, Panther Creek should check off a whole lot of boxes for nearly any first-time home buyer. Its location on the north side of town puts home owners close to major highways, big box shopping, and plenty of outdoor recreation around beautiful Falls Lake. And with most single-family homes in Panther Creek starting around $130,000, it’s also right in that sweet spot for first-time home buyers too.