New Home Or Older Home - Which Is the Best Buy?

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

Larger yards

Established neighbourhoods

More character

Mature trees & vegetation

Closer to downtown entertainment and restaurants

Cons of Vuying Older Homes

More maintenance

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

 Little maintenance

Modern conveniences

Builder's warranty

Energy efficient

Built to code

Emotional factor of newness

Less expensive

 Greater square footage, on average

Cons to Buying a Newer Home

Similar floor plans to neighbours

Immature vegetation.

House settling.

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.

 

 

 

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Blog Archives

Tags