Will You Buy An Old House Or A New One?
Are you thinking of entering the world of real estate and getting your own Westminster
real estate property? Finding Westminster Homes for Sale can be relatively easy only if you know how to take advantage of Westminster MLS available online. With this MLS or Multiple Listing Service, you can find all the properties and homes currently for sale within the specified city or town. However, as you look at the properties and reading the descriptions written, one question popped to your mind. Are you going to purchase a newly built house or is investing in an old exciting house seems better? Buying a new or an old house will give you different advantage and disadvantages. Perhaps, you are very overwhelmed with the modern touch of a new house, but you cannot as well refuse the rewards and perks of getting an existing house like its market appreciation. What are you going to pick now? If you are still confused with which kind of house to buy, here are some of the factors to include when you objectively think about it.
1.The neighborhood
People like to buy a property located in a well-established and highly marketable neighborhood and sometimes, older house are the ones situated in neighborhoods like these. Homebuyers prefer communities with old trees and landscape within the area that are very pleasing to look at.
2.Maintenance cost
When you purchase an existing house, you may find that its maintenance and repair requirements can be more costly, compared to buying a newly built houses. If you think you have the budget for maintenance expenses, then there will be no problem for you to get an old house. However, if you are tight with the budget, maybe you can just get an affordable new house. Have an inspector check the property so you would know the extent of the repairs needed.
3.Chance to remodel
If you have a knack for renovating and you like repairing stuffs, then getting an old house, specifically a fixer-upper is your best choice. Older houses give you more freedom to redesign and remodel the house, depending on your preferences. You can do whatever you want, considering the budget you set for it.
4.Purchase Price
Existing homes are significantly cheaper than newer properties. But aside from comparing the selling price of the properties, you also need to compare the additional underlying costs of getting an old and a new house so you will have an idea which property can save you thousands of dollars.
5.Appliances and features
If you want a house that already have updated appliances and perfectly-conditioned furniture, then a good choice for you to make is to buy an old one. Most of the existing properties already come with installed appliances when you buy them. Small house items like window blinds, security system and others are sometimes included in the property for sale.
If you do not have budget for new appliances to put to your house, then going for old house is a better choice because most of them already comes with new and updated appliances. You can also get extra items from an old house such as window blinds, built-in appliances, security systems and others.
by: Abby Gould
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