Monday, January 19, 2009

Old Home versus New Home

A friend’s situation had me really thinking about whether to look for older homes versus newer developments. I hope she doesn’t get mad at me for calling her out (for the sake of privacy, I won’t mention her name). A new home can be expensive—even with the market, they are still overcharging people for smaller lots of land (backyards are a thing of the past—they’ve been replaced with granite countertops and stainless appliances). On the flip side, a new home merely requires maintenance. Just like any other new purchase, under warranty, if anything goes wrong, it will be fixed almost immediately by the contractors.

An older home comes “as is.” It is less expensive, but a person could end up spending more money remodeling the home. My friend is constantly spending lots of money that she doesn't have on home repairs. I’ve done some home remodeling shopping and K-Designers offer various home remodeling deals. Patios, bathtubs, windows and other additions are just a few of the K-Designers service options. With K-Designer options, I could practically have a new home. I guess this is something I’ll have to re-visit when I am closer to purchasing my first home. As of now, it’s just good to weigh my options.

1 comment:

Anonymous said...

The homes that are 10 to 20 years old seem to be well built. The material is solid and seems to last a long time. The new homes are built with cheap material. These new homes are made to quick for my taste.

Nice article!!