Are you open to any modern home, or do you have your heart set on a brand new house no-one has ever lived in? Here’s what you need to know.
Buying an Older Home
Here’s why you might prefer to buy a home with a few years under its belt:
More square footage
Residential lots used to be bigger, and so were the houses that sat in them. If you want a single floor layout and plenty of yard for kids, pets, or gardening, a somewhat older home could be your dream house.
Looking for that home that could be a bed and breakfast in a Hallmark movie? Gingerbread and quaint balconies off an attic bedroom just aren’t in style anymore. If you want original hardwood, brass fittings, and adorable faded wallpaper, an older home might be your best bet.
An older home in a quaint neighborhood could mean you end up with a coffeeshop and diner within walking distance, and your kids can ride their bikes to school. Newer subdivisions can mean you’re trapped in a maze of cul de sacs and getting a gourmet coffee is a 20 minute round trip.
Buying a Brand New Home
If you have a vision for your home that is modern and exactly so, a new home may be the only way to realize your dream.
Customization is a thing
Whether you hire an architect or tweak a floorplan form a builder who is cranking out turnkey mansions in a sweet new subdivision, you’ll have control over the design and decorating process when you buy a new home. You can browse paint chips and carpet options to your heart’s content.
A homeowners warranty can be well worth the extra you spend to buy a brand new home. Forget about hefty expenses if anything is structurally wrong. As long as you do normal upkeep, your hoe can stay in great shape for decades.
If you’re buying a home in an area with a lot of variable weather, like snow, sand storms, or sea spray, building with modern materials can help your home withstand the elements and lower your energy costs.
What’s the most important thing when it comes to a home? If your answer is “perfection”, you may not be happy with homes on the market. However, if you are all right with a few flaws, a resdale home could be right for you and you can make it your own.
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Rates & Money is your go-to destination for free information about mortgages. Our home buyer guides and home loan articles are designed to help you make informed decisions when buying a homeView