It's said that new is better. Do you agree?
Viewers of the television show This Old House may disagree as well as the many others that enjoy watching shows focused on the renovations of older homes. Some people enjoy living in older homes, too. Let's looks at some reasons as to why someone may prefer to buy an older home versus a newer one:
Repairs Will Increase Home Value
Older homes are usually in need of a new roof, HVAC system, water heaters and other updates. If you invest in an older home to make these improvements, it will increase its value.
Custom stained class, carved wood details, crown molding and arched doorways are what gives older homes character. These days, it's rare to find such beautiful craftsmanship in newer homes.
Older homes are generally more affordable than newer homes.
Older homes were generally built on larger lots because land was more affordable in the past. Most older homes have retained their original lot sizes, which provide substantial yard space.
Many older homes feature beautiful landscaping that has been established since the homes were built, which can't be replicated on newer properties. Hundred year old trees and bushes surrounding older homes are truly special features that add to a home's character, charm, and uniqueness.
Older homes are generally located in areas that are close to dining, shopping and parks.