What are the advantages and disadvantages to consider when trying to determine whether you should buy a newer home or an older home?
Let's list some here and then feel free to comment at the bottom of the post.......
Pros of Buying an Older Home
Old world construction
Mature trees & vegetation
Closer to downtown entertainment and restaurants
Cons of Vuying Older Homes
Expensive to repair or replace wiring and plumbing
Smaller closets, storage space, garages
Might require updates
Smaller square footage on average
Often more expensive
Pros of Buying a Newer Home
Built to code
Emotional factor of newness
Greater square footage, on average
Cons to Buying a Newer Home
Similar floor plans to neighbours
Longer commuting distances to downtown
Well there it is in black and white, leave a comment to let us know what you think is a better buy. As they say," Home is where the heart is", so whether you are in a newer home or living in an old family home, as long as your are comforable and happy, that's all that matters.