Ross Mortgage - New Construction

Imagine you just purchased a 10 year old home. The neighborhood is nice, the price point was within your budget, and you secured an affordable mortgage. Fast-forward three years and the house across the street from you has been knocked down so a new, custom home can be built. Then the house next to it is torn down for a remodel, and the house next to that one is also being reconstructed! With new construction popping up left and right, take these questions and scenarios into account when assessing the value of your existing home:

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