A New Home Versus an Older Home: Drawbacks and Benefits
Wednesday, 15 February 2017, 10:05:00 AM
If you were to ask most potential homeowners, they'd love to buy a brand-new home versus one that was built a few decades ago. Sometimes, it comes down to personal preferences, but there are some definite benefits and drawbacks to purchasing a newly built home.
Benefits to Purchasing New or Having a Home Built
If you've ever lived in an older home, you know that there are many tweaks that should have been made while it was being constructed. You can make those changes to accommodate your lifestyle. That includes the huge master suite, massive family room and office space you want.
Along with the size of the rooms, you can choose design elements to fit your family like an eat-in kitchen or a walk-in closet. You can choose everything down to the paint colour in your newly built home.
New Home New Everything
With a new home, you're getting all the newest wiring and technology. That includes alarm systems, cable and media sound. If you're a fan of technology, this is essential in a new home.
New homes mean that along with the wiring, all the appliances and HVAC equipment is brand-new. You won't have to worry about costly repairs or maintenance for a while. In the case of the heating and air, you'll want to do some seasonal maintenance, but nothing expensive.
New House Smell
Everything in the new home should be absolutely perfect and customized to exactly what you want in the home. That means a beautiful new house smell so to speak. There'll be no flaws or disappointing elements for you to have to deal with in your new home.
Drawbacks to the Newly Built Home
New homes can cost thousands and thousands more than an older home. You're paying for the new home's perfection. When you're discussing the things you want with a builder, you'll want to be careful about the costs or they could skyrocket quite easily.
When you're shopping for a new home, the model you've seen can actually cost a lot more than you expect. Upgrades and additional amenities can really start to accumulate. It can end up costing even more.
Missing the Quaintness
When you buy a new home, you're not getting any of the quaint charm you'd find in an older home. That's also true of the neighbourhood. The neighbourhood, trees and landscaping will be new too.
New neighbourhoods are often away from the main parts of the city. You'll end up away from your usual markets and shopping destinations as well as the children's schools and other activities.
If you're one of the first homeowners in a new neighbourhood, you'll likely be living in a construction zone for a few years while the rest of the homes are built. Along with the noise, there'll be plenty of dust and dirt flying around too.
When you factor in the benefits and the drawbacks, you'll likely have your decision about whether a new home makes sense for you and your family. If technology and new construction and amenities are important, you'll want to go with a newly built home instead of an older one. When your idea of a home is large trees along shaded walks with quaint details, you'll likely want an older house.
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