For most people, buying a home will likely be the largest purchase they will ever make. For this reason, people often have a hard time when it comes to choosing a property. One of the biggest decisions that any buyer must make is whether they prefer a house that has been used in the past or one that is brand new. Here are four things property hunters should consider to help them choose between new and lived-in homes for sale.
With modern materials, construction techniques, and general environmental awareness, homes have never been more energy efficient. Unlike many older structures that were built when energy was much cheaper, new construction is designed to use as little water and electricity as possible. As a result, owners will be faced with utility bills that are significantly lower than if they had chosen an older house for sale.
Craftsmanship and Materials
If one flips through the pages of architectural and home magazines, almost every property that is featured is older. One of the biggest reasons for this is the amazing level of craftsmanship. Hand carved wooden banisters, wrought iron railings, and plaster moldings are commonly found in older construction. One can also find wonderful building materials in older properties, such as old-growth redwood, flame mahogany, and tiger oak. These materials, if they even exist anymore, can be incredibly expensive to install, which in turn would drastically increase the price of a new house for sale.
One of the biggest positives of buying a new house for sale is that no improvements have to be made. The plumbing, electricity, carpet, doors, and light fixtures are all brand new. If by chance something goes wrong shortly after the sale, most items would be covered under a warranty. On the other hand, a pre-owned property might have any number of issues that could arise. The furnace or air conditioner could break, the roof might develop a leak, or there could be a termite infestation. The cost of fixing these issues would more than likely come out of the homeowner’s pocket.
In any town or city, the older properties are almost always in the best geographic locations. This might mean that they were built in areas that are less likely to flood, offer better views, or have better access to town. In short, the vast majority of desirable building locations will already have a building on them. Buyers will have a much easier time finding an older house for sale in a good area than they will a newer one.
When it comes to choosing between a lived in and a new house for sale, both options offer advantages and disadvantages. Buyers should consider their budget, the location of their jobs, and their needs as homeowners before making a decision.