Buying a home is a great accomplishment. This should be an exciting, joyous time. But, you must weigh your options. How much money and time do you have to invest? Do you prefer old homes with lots of fixing up and lots of character? Do you prefer a home that is brand new and barely or never lived in?There are endless possibilities when money is no object. There are pros and cons to buying a lavish new home as well as an old, broken-in casa. Be sure to take the good with the bad. It is your choice and so long as your happy and wise you will have made the perfect decision for yourself. Here are the pros and cons of buying a new home or an old one.
If I were purchasing a home my first thought would be to buy a newly built never lived in home.
Pros of Buying a New Home:
-New homes don’t require as much upkeep. You can enjoy more time relaxing with your loved ones as opposed to repairing your home. The do it yourself method may not be for everyone.
-You can choose the go green option. New homes offer more go green options. Going green saves both the environment and money. There are new and improved gadgets that save on utility bills and reduce energy costs such as tank-less water heaters and indoor air filtration systems. For more info please visit:
-New homes are a safer environment for you and your loved ones. Newer homes have building codes that have more safety requirements regarding materials used to build the home. Most older homes have been built by hazardous materials and chemicals such as lead-based paint and have harmful substances like asbestos.
Cons to Buying a New Home:
-If you are building a home from scratch you must consider construction delays.
-Newer homes are often built in more suburban areas. This may cause a longer commute.
When considering purchasing an old home the following concerns came to mind.
Cons of Buying an Old Home:
-An old home is not very energy sufficient and can run up a big utility and/or heat bill.
-Old homes may fail to meet new regulation building codes.
-If purchasing a new home you may need to have a bigger budget for repairs and renovations or even new windows.
Pros of Buying an Old Home:
-The old home may already be renovated and repaired which will make the home more valuable
-An older home has unique architecture and lots of character
-Older homes are usual located in more established well known areas.
Whether buying an old or new home be sure to make sure you purchase a home that is efficient and fits your needs. Be sure to visit craigslist.org for local real estate listings in your area.