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Is it better to purchase a new home versus an old home?

  1. kereeves3 profile image81
    kereeves3posted 3 years ago

    Is it better to purchase a new home versus an old home?

    My husband and I are in the market for our first home.  I have been searching online for months now, and came across a home that was built in the 1950s.  I am in love with the house because it is perfect for our needs, and has all the charm of an older home that I love.  My husband is against buying a home that is this old, and wants to buy a condo built within the last five years.  Not my style.  Which is the better choice?

  2. fpherj48 profile image77
    fpherj48posted 3 years ago

    I shall approach this cautiously.....don't want to find myself in the middle of a marital disagreement. LOL.....BUT, right out of the gate, kereeves....you are on the right track. 
    Not only have I purchased and sold 7 homes in my adult life, but my late husband and I worked in Real Estate management for 10 years.......just so you know that I truly do have some well-earned experience in this field.
    It definitely depends on the home (as it is currently)...In terms of the NEW home, 1.)it matters greatly who the builder is and what research you can do on his homes  2.) It is rarely better to buy a "condo" as opposed to an individual "home." (too many reasons to list) 
    Yes, those in favor of condos will give you a long list of reasons that condos are better to own.....so THEN, it's about your particular lifestyle and not the structure itself.  Follow me so far?
    You might want to suggest to your hubby that MOST things (if not ALL) that were built in the '50's, have stood the test of time, were built by authentic craftsmen with products that were made to last forever.  We cannot say the same for what is built today, HOW it's built & what is used. 
    Simply think about any new purchases you may have made in the last decade.  I'll add my own example.  My parents had the SAME Stove, washer, dryer, television, and many other household items for 20+ yrs....all working just fine as day one.  On the other hand, In 12 yrs, I have gone through 2 of each major appliance....trashed due to NON-repairable....junk...gone...tossed out.  I am no harder on my things than my parents were....they simply made better products in the '50's.  It's that simple.    Enough for that.
    If the OLDER home has been well-maintained and has some necessary updates made (meaning electrical, plumbing etc.)...you are much better off with an older home.  Remember that "cosmetics" are up to the new owner, whether a new or older home.  Don't even take cosmetics into consideration (unless they are incredibly EXTENSIVE)
    You're right....The Charm of an older home can only be found.....well, in an older home.  Period.
    You get my Vote....wife!  And all for valid reason.  I believe your hubby will come to his senses!!   LOL    Good luck.

  3. mio cid profile image49
    mio cidposted 3 years ago

    Yours is the better choice,and although there are many I will just give you one now.The quality of everything used to build that condo is much lower than everything used to build that 1950's house.You do have to check for lead paint and asbestos, but other than that ,yours is a better option

    1. fpherj48 profile image77
      fpherj48posted 3 years agoin reply to this

      Si!  Es verdad, mi amigo!   Gracias......Mi casa-su casa......LOL

    2. mio cid profile image49
      mio cidposted 3 years agoin reply to this

      Hello friend, good to see you

  4. lisavollrath profile image96
    lisavollrathposted 3 years ago

    I had a choice when I purchased my home, and I chose to purchase an older home. I was warned off the new construction in my price range as being cheap and not worth the investment.

    The down side of purchasing a new home is that things have to be upgraded. I've owned my home for 15 years, and in that time, I've replaced all the interior and exterior doors, the water heater, the roof, and the HVAC system. I tore out the old kitchen, reshaped it, and put in new cabinets, countertops, and appliances. I removed the old carpeting, and put down tile. I replaced the wood on the two ends of the house with vinyl siding. I've redone one bathroom top to bottom, and still have one more to go. I'm also looking to replace all the windows in the next couple of years, with something more efficient than the 1960s aluminum frames that I have now.

    A new house probably would have been less work, but I love my neighborhood, and all the improvements I've made. I wasn't afraid to do anything to this house, because everything in it was 40 years old, and in need of upgrade. I don't regret choosing to buy an older home over a new one.

  5. peachpurple profile image83
    peachpurpleposted 3 years ago

    new home is far better than old home. ALthou you don't spend much money on purchase but the renovation is not worth itgn

  6. profile image55
    timerealtyposted 2 years ago

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  7. mariussc profile image44
    mariusscposted 17 months ago

    I personally think that is better to buy a new home, because buying an old one you must restore it, fix the electricity sistems and much more problems that will ocurr after moving in.
    I bought my first home through an real estate company that has the advantage of having a unique perspective on the real estate market through the large volume of properties available for sale http://www.apollon.ro/despre-noi.html being listed in major cities, with quality pictures, prices and full details; they offered me an expert advice, whatever was my requirements. If I was looking for a property close to kindergartens, schools, parks and transportation with all the information about the local real estate market and its surroundings.

  8. Kavin Miller profile image60
    Kavin Millerposted 16 months ago

    It's always better to buy a new home. But still, it depends on your requirements.

  9. profile image61
    Flynn09posted 13 months ago

    Hy When I was first on looking after an apartament for me and my wife I've prefferd a new apartament because everything was new. I have bought my new apartment from this site: http://imobiliare-bacau.ro, but i was not satisfied . So finally I decided to buy an apartment in an old flat