I was noticing yesterday that even in the "nice area" of Suntree and Viera, Florida, lots of folks drive older cars. I was not alone!
I have always been the kind of guy that bought a vehicle and kept it forever. OK, maybe not forever, but at least 10 years! This got me to thinking about residential resales. People buy "used" cars so what is wrong with "used houses?"
The answer is there is absolutely nothing wrong with buying a resale residential property. One of the big differences between a new house purchase and a new car purchase is the depreciation issue. You don't lose 10-20% of the house value when you take possesion as opposed to cars that have been sold once!
In both situations, whether buying a used car or home, inspections are critical. A good mechanic can give you a reasonable assessment of a vehicles condition in just a couple of hours. A good home inspector can do the same for your house. [I even recommend to sellers taht they get an inspection at the time of listing a property.] Get the inspection prior to purchase so you know the condition at the time of purchase. Unfortunately no inspector or mechanic can tell you the future....
If you are considering purchasing a new or used home in Viera, Rockledge or Suntree Florida, give me a call. If you are considering other areas, please give me a call. I have colleagues who specialize in the beaches, Palm Bay and any place in Brevard County Florida.
Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.
Gary L. Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region. Whether your interest lies in a 55+ community such as Heritage Isle, a golf course community such as Baytree National Golf Links or water front, give me a call!
Read my blog Florida Homes for Sale and Moving to Brevard County, Florida.
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10 years? I've never kept a car for 10 years. My Infiniti was the longest I've ever kept a vehicle. I had it for 5 years. Although, I would have kept it longer if it weren't for the expense, every time I had to replace the tires on the 20 inch wheels, the cost of premium gasoline, the gas mileage of a V8 engine, and the car payments in this economy. So it had to go bye-bye =( I loved that car.
BUT, you're absolutely right about houses. There's no reason whatsoever, for anyone to insist on buying a new house. Very often, the home buyers forget to factor in the extra costs of buying a new home, like window coverings and treatments, the landscaping, possibly the irrigation, washer and dryer, etc.
Good points. I hope more buyers will take it to heart.