One of the most difficult parts of the home buying process is zeroing in on exactly what you want in a home. Remember, needs and wants are different. One aspect of this process is to decide whether or not you want a new home or an older home. Perhaps you picture yourself in a sleek, modern home, complete with all the latest amenities or maybe, you see your family settling in a cozy, character home. Whatever your choice, there are numerous advantages to buying both old and new homes.
Buying an Older Home:
There are numerous advantages in buying an older home. Older homes usually provide bigger lots, and more space in between homes than the newer developments, providing homeowners with more privacy. The neighbourhoods that older homes are in are most often fully developed and offer access to essential amenities, parks and schools. In addition, older homes are usually move-in ready and boast mature landscaping. Move-in costs are often less than a newer home as appliances and window coverings are typically included in the sale.
Buying a Newer Home:
The advantages of buying a newer home are plentiful as well. When buying newer, the buyer often gets to participate in customizing décor options, flooring, appliances etc… In addition, the buyer gets to move in to a home that is clean, unblemished and in immaculate condition. Newer homes typically boast popular design trends such as higher ceilings, roomier kitchens and larger storage spaces. In addition, most new homes come with large walk-in closets.
Whatever your preference, both new and old homes have their individual advantages. Be sure to discuss what is most important with your REALTOR® when you begin the home search process. Sometimes it is beneficial to look at both as you may be surprised as to what appeals to you.
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