First Time Buyer? Go Old, Not New

First Time Buyer? Go Old, Not New

Collaborative post

It’s always appealing to move into a house that’s been brand newly constructed and put together. It’s hard not to be wooed by the brand new appliances or the flaws that nobody has walked on, or the heating and cooling and electrical systems that are mostly smart these days. Why wouldn’t you be worried by those things?

The thing is, when it comes to buying your first property, you might consider staying away from the new and wooing homes and look for older buildings that have a little bit of charm. Home buyers can see the beauty in a brand new house, but there is so much potential in older homes, even those which require a little fixing up. What some view as an eyesore on the street, others see as charming.there are four walls full of history that really cannot be copied elsewhere and an old house has so much for you to do. From extra pest control to a full building inspection before you move in, you need to realize that buying an older house is about so much more than nostalgia. However, it could be the best decision that you make for your future. Why? Let’s dive into that below:

Image source: Pexels

  • Old homes are often cheaper. An older home is usually classified as a house that doesn’t use or contain modern materials. So if you have single pane windows and no upgraded appliances, it may be considered as an old house. An older home can give you way more house for your money, too. New construction buildings can sell for 10 to 20% more than their older counterparts with less space. Sure, you may get high energy efficient products, but the cost of buying a new house is often going to be more than the older house.
  • Older houses often have better quality construction. They don’t build them like they used to, and that’s actually true. Established houses are often built to last, while newer houses are built very quickly. Older homes may also be built with sturdier material than just plasterboard and wood. Even the walls in an older home are likely different because they are built with better construction than modern homes. Most companies now just like to throw up as many homes as they can in the shortest amount of time, which doesn’t always equal the best for the property. 
  • Older homes are usually established locations. When you are choosing a neighborhood, there will be a lot of factors that you consider from the school district to the crime rate. If you’re looking to buy an older house, the chances are that you are choosing a stable and well established area that has an old history, and that’s a good thing.
  • You’re picking a home with character. There is something about older homes that yes, even if they are fixer uppers, doesn’t quite matter on the surface. You know that you’re choosing a house that has a history and a past, and you can look into that history when you buy it. You’re not going to get the same kind of curb appeal like you would a brand new townhouse. But who needs a brand new townhouse when you have an older home you can invest in? 

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