Housing Costs
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1/1/2009
Having just built a home in Lake Havasu City, I can tell you there a few bargains to be had in new construction. Even with a good price for the lot and home, extras such as retaining walls, landscaping, and swimming pool can push the price up substantially. On the other hand, if you can find an existing home that you like, you can make a very good deal. Approximately 60% of all homes for sale in LHC are in forclosure right now, and many have been on the market for 6-18 months. I bought my lot at the very peak of the real estate boom and paid more than twice what it's worth now. It won't matter since I'm not selling but it would have killed the deal as an investment.
Terry | Lake Havasu City, AZ