Is An Older Home A Better Value Than A New One?

 

Well, as this story shows, there isn’t a definitive answer to this question. You should look at each home for its individual characteristics.

Generally, older homes may be in more established neighborhoods, offer more ambiance, and have lower property tax rates. People who buy older homes, however, shouldn’t mind maintaining their home and making some repairs.

Newer homes tend to use more modern architecture, and the major systems are usually easier to maintain and may even be more energy-efficient. People who buy new homes often don’t want to worry initially about upkeep and repairs.

CARING ABOUT THE COMMUNITY. FIRST.