New House Versus Old House
Given two houses — with almost the same price and equally good looking — one is new while the other is old, which one would you buy?
Well, there is really no right or wrong answer for that question, but your response will most like reflect your priorities and standards. Each has its own advantages and disadvantages over the other. To help you decide which is a better fit for you, consider the following points:
Advantages of New Homes
For many first time buyers, the choice of home is easy: get a new home that fits the budget. One of the advantages of new homes is that they tend to have fashionable designs and trendy colors. They also look clean and may have modern furnitures and appliances that go with it. Plus, you can be very, very sure that no one has live there before.
Disadvantages of New Homes
Many new homes made of poor materials especially if you get one that is made for “mass-production”. Home builders would want to keep a reasonable profit by saving on the cost of materials used in the construction of the house. Always keep this in mind and make room for a few modifications to make should you decide to get a new house.
Many buyers who came from the provinces are usually surprised at the size of lots and floor areas of the houses in the city. In the olden times, regular houses in the provinces have 600 sqm to 1,000 sqm lot area. That could be worth a mansion if you have that in the city! Well, congratulations and welcome to the city! In the future, you can expect that newer homes will shrink in size or increase in price, but usually it is both.
Advantages of Old Homes
An old home that is well maintained is a piece treasure. The wooden floors are usually very shiny and made of hard wood that are hard-to-find these days. The antique furnitures and decors are all around the place. The flowers in the garden are colorful. It is very nice to live there.
Disadvantages Of Old Homes
Buying an old home presents a big challenge even to the most experienced of real estate buyers. You have to be very careful where and what to inspect. There could be house defects that are difficult to detect. The outdated wiring system could potentially dissolve the house in fire. The century-old plumbing system — it could be rusty now. Is the ancestral home located in a residential zone or industrial zone along with the factories? Maybe it was built before the Zoning Law of the city was created.
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