subject: Buying a Home - Market Trend [print this page] Buying a Home - Market Trend Buying a Home - Market Trend
Real estate is emerging as one of the most promising investment sector. Free market evaluation have shown that investing money in real estate and property is more profitable than saving your money in banks or investing it in share market, in most of the cases real estate guarantees you profitable returns either you sell your house after 5 years, 10 or 50 years.
Comparative market analysis has shown that the difference between cost of new and old home is getting narrower. Either you are looking for new home or old home Real estate agent could help you in finding a house for your self. It is the location of the property that mostly affects the value of the property not the age of the property.
One of the most important reasons why some people prefer buying old home and few are skeptical about buying it is its architecture. The technical details of the older home are though older in comparison to new techniques of building home, but they gives a solid foundation to a home and the detailed design and interior makes it really appealing. It is the maintenance of the home that decides its cost. The intricate design and solid foundation of old home makes it quite hot property in the market of real estate. There is something special about classic designed old home that still attracts the buyers.
One of the best features of old homes are their spaciousness now it is difficult to find back yards or lawn area in newly designed home but most of the old homes offers you lots of open space. Buying a home at your old neighbor place is also beneficial from security point of view. It is bit difficult to adjust and your self at some new environment but if the place properly inhabited and you have some acquainted neighbor there, it would be easy to live there.
These are the advantages that an old house can offer to you but there are certain drawbacks related to old home and the most important is ongoing maintenance. Maintaining an old house is more expensive than maintaining a newly built home.
Repairing is another important aspect related to old home. Repairing work for the old home is costly in comparison to newly constructed home as most of the wiring and plumbing system are different now. So in most of the cases you have to apply complete change instead of partial repairing.
Now people prefer bigger closet but most of the old constructed home will offer you a small closets this is one of the common problem that people face in old home.
Old home are more expensive because of their location, you can easily find school, hospital banks, and transport near the old inhabited place where as newly established areas lacks such kind of facilities this is one of the main reason that property situated at old place and old property are costlier than newly constructed condos and apartment.
