Lately I have had several clients recently who wanted a NEW home or a NEW condo. 

Not a condo that is newly renovated - NO - they want NEWLY built within the last 10 years.

Is newer better?  Or is the older home the better home?  I have heard many comments about newly built homes not being built with the same quality as older homes.  The Internet is filled with stories of builders cutting corners or developers using sub-par materials.  Yet buyers like "NEW".  Is this such a bad thing?

I had a buyer last summer who found a wonderful 1940's Colonial Home.  It had no A/C, a small (kinda crappy) 1940's kitchen, old wiring and old plumbing.  What is also has is: Character!  Beautiful wood floors, archways between the rooms, a large front door, big windows, a good sized yard and a Radiator heat powered by an oil furnace that while it's old; as been maintained and works wonderfully.

 I ran into this buyer 2 weeks ago and he said how much he loves his home.  He had originally been looking for a modern condo in the city; but decided upon something with more character and charm.  He has since done some wonderful upgrades in the home and while the actual home may be 60+ years old - it is BEAUTIFUL.

I suppose many folks don't want to worry about having to update a home or make any repairs.  It is just easier to buy new.

This whole concept has been applied to many thing in our society.  We have become a disposable society.  When was the last time you saw a TV repairman?  If it breaks; most folks just go buy a new one.  When your computer stops working, many folks will go buy a new one.  New cell phones. new furniture, new everything.

New is not always better - it's just easier.  Plus let's face it - a new home with a beautiful open floor plan, kitchen with Granite counters and Stainless appliances looks darn nice!  I want a home - not a part-time, fix-up project!

New Home or Old Home -  It is just what works for you in your lifestyle.  I think old homes are a safe bet - they have stood the test of time - will the Ultra-Modern Condos be as "new and sexy" in 10 years?  Will we all still want HUGE kitchens then?  Who knows?

 

 

 

2 Comments on New Home or Old Home?

Howdy James

I liked reading your post. Very will done.

I'll go with a older home. A older home does not have to be a fix-up project. If you have a good inspector do a home inspection of the house. Even a newly built home or condo should have a home inspection done on them.

Have a good one

09/15/2007 01:30 PM by Dale Baker, Home Inspector- in NH & VT (Baker Home Inspections and Consulting Service)


James, sometimes it's a toss up.  I understand both sides of the coin.  I prefer a bit older with new upgrades, or ones that I can have done to add value.  Many of the new places have strange floor plans, skimp on closet space and have expensive luxury items (i.e. kitchen appliances) that really don't add that much value, aren't hard to purchase and upgrade yourself, and then they charge you an outrageous premium for these the fact that these items are there.

09/15/2007 02:13 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


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Real Estate Agent: James Downing - REALTOR® - Washington DC Real Estate (Coldwell Banker Residential Brokerage)
James Downing - REALTOR® - Washington DC Real Estate
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