The slant is often told towards the benefits of mature, resale homes. Hey, I'm one who's talked this talk many times. True enough, mature homes have significant advantages over newer homes - I should know, I bought my current home for just those reasons.
Tonight though, as I am updating the baseboard trim throughout the main level, I can't help but appreciate the benefits of building new or buying a home within 5 years of construction! Let me outline a few key benefits, some may apply to you while others don't, but everyone can agree there are benefits:
1) Updates not generally required. If you want to update a newer home it is usually to update the quality of finishings - maybe you put hardwood in where carpet was, perhaps some granite countertops or a big deck. These updates are more or less optional, where older homes can actually REQUIRE updates.
2) Young families. If you have a family with children, fact of the matter is, one key demographic that you will find in newer homes is families. I think nieghbours are important, I think having community interaction is important. If you have children, condsider this point.
3) The big stuff. If you tend to move every 10 or so years (or less), you can often be in and out of a newer home without ever doing any of the major improvements like furnaces, windows, roofs and flooring. Don't forget, while you usually save some money on the purchase price of an older home, you need to factor in the average monthly maintenance into the equation.
If you want some solid information about home builders in the London area see www.londonhomebuilders.com
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