IT HAS BEEN SAID, THAT HINDSIGHT IS 20/20.  What is obsure in the present, becomes clear in the past. How many people will regret in the future the opportunities they missed in the present?    We can all recall stories of relatives who purchased their homes for ridiculous amounts of money.  The $14,000 bi-level on Long Island for example they bought back in 1971.  We sat in utter and complete amazement envious at the time, knowing those opportunities were indeed retrospective.  Or are they?

Yes, we live in tumultous times.  There is a great deal of uncertainty amidst the promise of change. There are record high job losses, and cause for trepidation among consumers fearful their paychecks could abruptly stop leaving them listless.  But, there are a greater number of people who recognize that the current economy is a portal to securing future economic wealth.  They are accutely aware that  only constant is change.

The one constant that will remain unchanged is the basic need for housing. How much or how little is determined by the economy. But the basic need will never change.  In robust times, the desire for larger homes abound.  In lean times, the viable alternative is to seek smaller more economically  efficient and durable housing. As such the demand for smaller homes continues to rise.

As consumers continue to tighten their belts, they are changing their perspective as well on what type of home will best fit their budget and needs. They are turning in large numbers to smaller, less expensive and more fuel efficient homes as a result of higher costs both in property taxes and fuel costs.

Older homes have now become more popular as a result of these changes of awareness and consumer perspective on spending.  In communities like St. Cloud, Florida there are a significant number of older, historic homes dating back to the early 1900's.   During the  economic boom many were forsaken in favor of larger, better appointed, new homes which were built in abundance between 2005-2007.  These homes now have lesser appeal due to the architectual design than they once did. 

Vaulted ceilings for example, are least fuel efficient.  Many consumers are turning away from them , realizing that as electricity costs continue to rise, so does the heat towards the ceiling and cooling them in sultry Florida heat and humidty is much more costly.

They are also scrutinizing the additional fees in new communities. No only in most cases are there Home Owner Association Fees, there are Community District Development Fees (CDD) which are in fact 20 year bonds put in place by the builders to offset the cost of ammenties such as club houses, community pools, and playgrounds which increase property taxes on homes in these developments.

The City of St. Cloud, Florida

Provides parks, recreational areas, and maintains the lovely lake front.

Homes in the Historic District pay no HOA fees and are provided free wireless Internet networking as well as all the amenties enjoyed by local residents free of charge.

They are a viable alternative to equal cost apartments with a direct benefit to the home owner.

There is an added benefit when looking at older housing. History. 

 Recently, I sold the first Doctor's home who lived in St. Cloud Florida.  

 The home had lovely ten foot ceilings, a massive stone fireplace, and a formal dining room complete with butlers pantry.

It also had turn of the century french doors and hardwood floors which were in beautiful condition and a lush tropical garden.

Vintage 1925. 

Opportunities are there- if you are look at the possibilities.  These homes are at Historically low prices, and very afforable to operate.  Have you considered a Historic Home Lately?