New versus Old....

One decision that is often at the top of the list when buying a home is what age to buy.  New versus old.  Location, condition and pricing are other important factors to consider.

With a new home, there may be less renovations and updating that will need to be done. Although if you prefer character, buying an older, aged home may be for you.

It is important to weigh the pros and cons of both options before deciding what is right for you.

Buying an Older Home

PROS

• Unique character: Stained glass, molding, fireplace and woodwork. Older houses often have one-of-a-kind elements and details that are hard to come by in a newer home.
• Greenery: Older homes tend to have well developed yards and gardens. The greenery and flowers are mature so you don’t need to wait years before having mature trees and flower beds.
• Availability: There is no waiting for the home to be built or finished. No delays due to construction and you will move in on time.
• History: The home will have a history, and you will have know how much it has appreciated over the years. 

CONS

       -   More upkeep:  Owning an older home is not for everyone.  Older homes generally require 

           more maintenance.

      -    Expensive repairs:  Ask when major components were last replaced so you can factor the cost

           of possibly a new furnace, air conditioner, windows or shingles into your final decision.

Buying a new or slightly used home

PROS

• Customizing: If you buy a new home, you may get a say in what you would like based on your personal taste and needs.
• Low maintenance and builder’s warranty: New constructions are built to last years before home owners have to replace major components. 
• Built to code: Code regulations change often to make sure houses are built as safe as possible. 
• Energy efficient: You may save on energy costs because your house is built based on recent environmental recommendations.

CONS

• Immature greenery: Everything is new including the yard. You will need to invest in gardens and trees and wait for them to become mature. 
• House settling: New houses settle. There is a chance that cracks in the foundation and walls can occur.
• Modern cookie-cutter design: In newer subdivisions, contractors tend to build houses where the floor plans are very much alike.

Both purchases have their pros and cons. Whichever you decide, be sure you know what to expect with your new home purchase.

We are always here to help.  Give us a call anytime.

Richard Thyssen, Broker of Record

Colleen Thyssen, Sales Representative

Direct: 519-495-1541

Email: rthyssen@rogers.com

www.thyssengroup.com