Excellent article. My personal opinion is that some of the newer homes were slapped together as quickly and cheaply as possible. But some older well maintained homes have been there for 50 years or more and will be there for another 150 years if the owners just maintain them.

The best analogy I can think of is the quality difference between a well maintained classic car or a 2 year old cheap econobox car that was never maintained. Both could be the same price, but when thinking about which one I will enjoy more, will last longer and have fewer money draining maintenance issues, for me the choice is clear.

Buying a home should be a long term investment, and you must think about the quality of construction when buying a home. When looking at homes, ask yourself if this home was built to last forever?

Via Richard Weisser Coweta Fayette Real Estate:

Tract houses in Newnan GAOver the last few years, I have visited countless foreclosed homes. The majority of these homes were built in the last three decades.

And based on my personal experience, many of these houses suffer from incurable obsolescence. They simply need too much work to make them an affordable option for a purchaser.

In many cases, the scenario of the courthouse steps sale is not due to the loss of a job or the inability to pay. The homeowner simply needs to sell but the house is falling apart and nobody wants to buy it. The house has essentially outlived its useful life.

I live in a town where many historic homes are over a hundred years old. Some were even constructed before the Civil War. These houses were built to last for generations in an area conducive to every destructive element from termites to tornadoes.

On the other hand, the modern tract house was designed to be quick to construct, affordable, and temporary. They will NOT stand the test of time.

It’s the untold story of the collateral damage of the housing boom. And the solution may involve demolition.

And the implementation of a wave of new construction standards.

100 year old homes in Newnan Georgia have withstood the test of time

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Posted by Mark Brian on 01/03/2011 10:52 AM   Comments (1)  
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1 Comments on The untold story of the current real estate crisis …Shoddy construction.

JAN
03
2011
537,818 Points 6 Featured Posts Outside Blog Called Shot Master

Good Morning Mark, great post, I agree that we will be scraping many homes.
10:55am • #1


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Mark Brian

Mark Brian Upstate South Carolina REALTOR

Anderson, SC

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