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Articles  >>  Should I Buy A Newer Home, Or An Older Home?

Should I buy a Newer home, or an older home?

 

When buying a home, many people have a hard time deciding on buying an older home or newer home. There are advantages to both options. The choice depends on the condition of the home, your situation, and what you feel comfortable in. This article will help you when trying to make the choice.

Buying a Newer Home

Advantages of Buying a Newer Home

·         It’s likely that you will have less maintenance.

·         You are more likely to get some sort of warranty package with a newer home as well.

·         Your home will be more likely to have more energy efficient features with a newer home.

·         The latest trends are also included in a newer home.

Disadvantages of Buying a Newer Home

·         Many people think that buying a new home will deter any costly or major repairs. That’s not always the case. The quality of the home must be taken into consideration when considering a newer home. Just because it’s new, doesn’t mean it has been built with quality materials.

·         Many newer homes have very similar floor plans, making it hard to find a unique home in new development. Newer homes may also have settling issues which can cause cracks in foundations, door frames, and walls.

Buying an Older Home

Advantages of Buying an Older Home

·         An older home will have established neighborhoods, making it desirable for those who don’t want many changes. You will find less construction, more vegetation and trees, and .

·         An older home can have character and charm. You can find some unique features and abstract floor plans with older homes. 

·         An older home may be less expensive, making it possible to get more house for the money.

Disadvantages of Buying an Older Home

·         May require more maintenance and costly repair. Due to the fact of the home having an older roof, wiring/plumbing, and appliances, the repair costs could exceed the cost of a new home.

·         You may have a harder time getting the large, open floor plan that’s popular. This could lead to smaller bedrooms, closets, and garages.

·         May be out-of-date. The older home might not have all of the modern conveniences of a new home, making it less desirable.

 

Regardless of the age of the home, it’s important to make the decision based on your personal needs and what you feel comfortable in.  



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