However, if you go straight to move-in ready homes without considering your other options, you may be missing out. Older homes have benefits that new builds can’t compete with. Here are just a few of the positives. They may make you want to put some historic properties on your short list.
New House vs. Old House: 5 Great Reasons Why Older Properties May Be Better
Home buying is a game of balancing wants versus needs. When considering your ideal home, don’t discount older builds – these may give you what you want with very few trade-offs.
1. Old Homes Are Built Better
In general, the quality of construction in older homes will surpass newer builds. Think about it: That 50-100-year-old home is still standing, and it looks sturdy. Why is that?
Truth be told, homes in the past were built better, with higher-quality materials and more attention to detail. For instance, supports made from solid wood from old-growth trees, walls made of plaster and lathe, and real hardwood floors were all de rigueur.
2. They’re Cheaper
Older homes are cheaper because they aren’t necessarily made with energy-efficient materials that are standard for today’s new builds. In addition, older homes – anything built before 1970 – might not be updated, which helps drive down the cost.
If you’re not afraid of rolling up your sleeves and getting your hands dirty, you could buy an old house and make a fantastic investment.
3. They’re in Established Neighborhoods
An established neighborhood is desirable because it has everything people love – big, shady trees; established schools and nearby businesses; parks and green spaces; and more.
When you contrast these perks with a new development – its scant number of growing things, plethora of construction, and row after row of identical houses – it’s no wonder an older neighborhood is more desirable.
4. They Tend to Have Larger Yards
Want a sprawling backyard? An older home will have one more often.
Newer builds tend to have larger houses on smaller lots. So, if you dream of planting a big garden, installing a swing or slide, or having ample room for your kids to run around, some of these may not be possible if you choose a newer home.
5. They Have More Character
Old homes almost always have more character than new homes. If the old owners maintained them, they’ll usually have original details. Molding, flooring, tile, built-ins, or other architectural details are all possibilities.
On the other hand, if you want character in a new home, you’ll have to add it yourself.
Buy an Old House and Enjoy the Benefits
On your home buying search, don’t discount old houses. They may need a bit more maintenance or updating, but in exchange, they offer new homeowners a wealth of benefits.