Certainly not the deal of a lifetime
As to the question about the location, it is in what is called the "highfield" section of town, presumably named after the highfield park. And there is a street in the area called Highfield street.
Yes it is open. Found out that a double wide existed on this lot years ago, burnt down, and the builder bought the lot and erected this house.
Yes it is exposed. I plan on putting some trees and shrubs around to break up the openness and provide some privacy. It is not on highway 68 or 422, the two main arteries out of town to I79 or eastbound towards Altoona. But close enough.
The area is what is called "mature". Not much in the way of new construction but on the other hand, what IS there is well maintained.
As I found out and expected, buying an existing home is give and take. Lots of it in fact! Each house I looked at taught me something. Some good, some not so good. Deal breakers were baseboard heat, oil heat, boiler heat, no room to add dishwasher, 2 stories (stairs again), along with "needs updating" in the listing description. Naturally, the eliminates 90% of the homes on the market in my price range. Now if I had 200K to spend and made 6 figures, sure, no problem. I'll take the French Provincial if you please.
Ryan homes are quite predominant around here. Some are ok, some are barely assembled grab bags of lumber and plaster. And the shortcuts and cost cutting are plainly obvious in some of them. At the age group I viewed, nearly all were ready for some major investment in structure.
I figured I had to have a basement. Well based on what I looked at, some are missing drains, others have massive leaks and mold or rather large air gaps for vermin and cold air to intrude. Not my cup of tea. So quite unexpectedly I settled on this one and it is on a basic concrete slab. National homes built thousands of their cookie cutter slap together homes like this. And dad's house in FL is on a slab too. No biggie.
Of exceptional importance was obviously new construction. I never planned on buying a new home in the first place but when this one came up, the give and take kicked in. WOuld I like a 3rd bedroom? Sure, but the two in here are sufficiently sized for me as I live alone.
Would I like a less open living, dining, kitchen area? Sure, but this does have a ready to go kitchen, 95% eff furnace, laundry room with floor drain, garage with floor drain, and floor drain in the furnace hot water heater alcove. This will be cheaper to heat and cool as I don't have to push cool air upstairs in the summer or deal with hot upstairs in the winter.
For many years I won't have to make any structural investments in roof or foundation. In fact, I can forsee the bulk of my expenditures being in landscaping, driveway paving, interior blinds for the windows, and figuring out where the heck the mailbox goes.
What iced the deal was the contractor agreed to pay closing costs, grade and seed the lot, and provide a 1 year full home warranty. And I am locked in at 3 1/8 % fixed mortgage for 30 years. All in all, just comparing what I pay in rent vs a mortgage, I will spend about $180 less per month, build equity, and have a place to call my own.
Only thing is, I cannot host washins but I welcome visitors anytime.