One of the most pressing issues facing potential home buyers is if they should focus on properties currently under construction or if a resale house may be a wiser choice. Naturally there are a lot of pluses and minuses for both sides of the argument, and in the end a number of personal preferences need to be taken into the decision. Following is a review of the types of factors that should be weighed when deciding if a new house has more benefits as opposed a resale property.
Continually a crucial element, location can have a significant bearing on the type of property you buy. Many older neighborhoods naturally contain older homes "near the heart of the action" because they were built around the downtown core as is it built. Also, contractors chose ideal locations for early homes and purchased many of the more scenic regions to create those attractive classic communities.
A newer property is generally on the outskirts of metropolitan areas or in rural areas where land is cheaper and more available. This means that commuting costs should be weighed into the package of new home ownership. If "going to town" is not an everyday affair, rural living has real advantages, such as newer schools, well laid-out communities, newer roads and large retail areas.
An older home's floor plan might not be the most efficient use of the place, so renovating is often needed at some time unless the previous owner has recently done some work. But, older layout features like wrap-around patios, attic rooms, and converted garages are not common in new homes although still highly prized by many buyers. Naturally, a resale property frequently requires on-going work from day one due to its age. A real estate agent usually takes real state training courses on which problems to be aware of for resale houses and because of this they offer a wealth of information.
New property designs often encompass modern features such as family rooms, finished basements, spa bathrooms, and built-in garages. Some floor plans that look good on the plans are not always easy to live with on a daily basis. A new property owner may expect some relief from any pressing repair cots, however, mainly since most new houses come with a warranty for up to ten years from the time of purchase.
Older properties have a better chance of having mature trees, established grass, privacy fences and paved walkways. Older neighborhoods have larger lots with more space between houses. Work shops, garden sheds, greenhouses and covered patios are frequently included in the sale price of an older property however are considered additions to a new home. As an example of these kinds of attributes you can look at the Oakville Ontario real estate region and its many resale properties.
New house landscapes have frequently suffered from the goings on of the builder and the dirt they cause, so a substantial amount of time and money may need to be invested in yard work up front. Places like real estate in Hamilton Ontario are experiencing this in a lot os new neighborhoods as the region continues to expand. Of course, you can take the opportunity to create an environmentally sensitive yard that will lower the upkeep and water bills.
For the most part, choosing between a new house and an older home will be a decision based on your way of life. Scrutinize all of the ramifications of both possibilities to identify any issues and potential benefits regarding the age of the property you purchase.