This post is contributed.
Buying a home is an exciting time in anyone’s life, but it certainly comes with a lot of decisions that have to be made, such as the town or general location of where the house will be, what kind of neighborhood it should be in, and also whether it should be an older style house or something that’s been built recently.
Of course, when it comes to these questions there are no right or wrong answers, and what you decide will ultimately depend on things like your personal preferences, your financial situation, and the needs of you and your family.
When it comes to choosing an older style or newer home, there’s also not really any right or wrong answer, and there are definitely pros and cons to each side.
So, in this post, we’re going to share with you some of the pros and cons from each side to hopefully help you make your decision a bit easier than it has been if this is something you’ve been struggling to decide until now.
- Ready to move in to:
If you’re looking for a home that you don’t have to do anything to other than move your furniture into, then a newer build is probably a good choice for you since they’re generally ready to move into, which makes them a good choice for young professionals who don’t have much time to be decorating, or families who need things to be as stress free as possible.
- Cheaper to run:
Newer homes are often going to be a lot cheaper to run than older homes since they’re going to be designed to have a focus on being as environmentally friendly and green as possible, so this can make things like your electricity and heating bills a lot cheaper than they would be in an older built home.
- Built to latest safety and design standards:
It’s not just in terms of cost where you can save on a newer home, but since they’re built to the latest safety and design standards so you won’t have to worry about things like lead paint, broken floors, faulty pipes, or even something like asbestos like you may have to get checked before moving into an older home.
- May look the same as many other houses:
One downside of newer homes is that they often all look pretty similar. Of course, you can easily add your own touch, but newer homes definitely won’t have the same kind of character, features and charm that you’d find in an older home.
- Can be more expensive to buy:
Although newer houses can be a good bit cheaper to run, they’re often more expensive to buy – especially if they’ve been newly built an no one else has ever lives in them before, so this is something that’s worth considering when looking into your budget for buying a place.
- Can be quite small:
Newer places can be a good bit smaller than older places that were often built on private pieces of land. Today, newer places are built to be practical and compact, and are often in cities or bigger towns where families will live, so although there will be enough space, it won’t be the spacious place that you’d find when looking for an older home.
- Full of character:
Older homes are well-known for their amazing character, charm, and their original features, such as Victorian staircases, wrap around porches, high ceilings, and bay windows, an older house can be a truly unique purchase – and if you don’t mind doing a little bit of work, then it can, not only be a pleasure to live in an older home, but also can be a great idea from an investment point of view, especially if you actually spend money on the place and have it ready to move into, then you can make really great money on selling an older home one day.
- May be cheaper to buy:
Older homes are often a good bit cheaper to buy than newer places because they can generally require some work to be done as well as ongoing costs which can be higher than newer homes, so if you’re looking for something that you can turn into a project where you’re prepared to invest some money into renovating, but are looking for a good deal on the initial purchase, then an older home could be a great choice.
- Come with more space:
Since older homes were often built in times where the place was built on family-owned land that was quite generous in its size, then the homes themselves are often a lot bigger than the modern ones of today which are built for smaller families than in the past.
- May need more repairs:
One of the downsides of an older home is that they can need more repairs – not just before you even get to move in, but also ongoing as well, since a lot of the materials used in the building may be a good deal older and starting to see some wear and tear. Things like the roof can also be under more pressure, for example in the winter when it’s cold and wet. However, you can definitely approach companies like https://roofingwarnerrobinsga.com who can give you professional guidance on the best ways to approach this. You may also need to upgrade things like your electric systems and even your pipes, depending on how old they are.
- Can be expensive to run:
Whilst you may save on the initial cost of an older house, you will often find that they can be a good bit more expensive to run than newer places would be. Although there are always exceptions and you can certainly take measures with an older house to upgrade the systems within it and ensure that your running costs are kept moderate, it’s definitely worth doing some calculations on the costs for both kinds of houses so you can see what best fits your lifestyle.