Date Archives: September 19th, 2022

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September
19

The Differences Between Buying An Old vs New House

Choosing between an old or new home can be a tough decision. Here's how to decide.

Old vs. new house: which should you buy? Fact is, each one has some positives and negatives. If you haven't made up your mind which you prefer to buy from Tuscaloosa homes for sale, then allow us to be of assistance. Our real estate agents can help you make the best choice for your situation.

With fewer homes available just now, and prices up, some home buyers will be looking at older homes as a more affordable choice. Yes, they're likely to need updating, but that can be done over time with the savings you get from purchasing an older home.

Here are some tips worth studying as you weigh buying a new home or an older one. Happy house hunting!

Pros of a New Home

  1. Bigger, better layout
    Older homes were, in general, constructed to be smaller, with smaller rooms and fewer bathrooms. Today's homes have bigger rooms, more storage and closet space, more bathrooms, plus a family room that likely connects with the kitchen.

  2. Fewer or no renovations
    A new home likely needs little in the way of renovations or reconstructions unless it's just some feature you can't live without in an otherwise satisfactory home. With an old home, you may be buying it "as is" and will need to make some updates and renovations.

  3. New appliances
    The appliances — HVAC, fridge, washer and dryer, water heater, and dishwasher — are all new and should work well starting out. Be sure your new home warranty covers costs if they break down during the first few years of operation.

  4. Just the right amenities
    If you're shopping for a new home, then you're going to want to find one with the amenities you desire — be it a swimming pool, a gym, a pet cleanup area, outdoor cooking or entertaining space, large kitchen island, spacious cabinets, and more. Older homes often don't have these features or else no place to locate them.

Pros of an Old Home

  1. Vintage charm
    Well, not every older home can be considered "vintage," but you know what we mean. Older homes have character that is often missing in new home construction, where there may be a cookie-cutter effect going on to save money. Older homes are often unique in a neighborhood, having been constructed individually rather than as part of a development. They also may be built of quality materials that are missing in the marketplace today. Further, houses may be on bigger lots, farther apart, than the houses in many new developments with near zero lotline construction.

  2. Closer to the hub of town
    New home construction often takes place on the edge or out of town to save money on land costs when developing a housing community, so that you can reckon on driving farther to get to work or perhaps to take the kids to school or to events.

  3. Throwing shade
    Ever notice that bald, scraped look of new home construction? You'll be waiting decades for that single tree out front to develop shade. Older homes often have a generous growth of tree canopy (that is, shade), shrubbery, and even established gardens.

  4. Older homes with "good bones": ripe for renovation
    You may pay far less for an older home that was well built of quality materials — described as having"good bones" — than you would for a new home, but you can use the savings to renovate and update the house with all the amenities you might find only in a new home.

New or old, your dream home is out there waiting for you, and we can help you find it. Contact us today.

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