Pros and cons of buying an older home
Posted in Home Guide on December 6th, 2005One benefit of purchasing an existing home is buying into an established neighborhood.
The schools may be better than in newer areas, tree-lined streets are common and yards are usually landscaped. When you buy into a new development that’s under construction, there’s no way to know exactly how the project will look when it’s completed. It usually takes years before landscaping is mature enough to soften the look of a new home’s tract.
Older neighborhoods are often centrally located, offering good access to freeways, places of employment, theaters, entertainment, cultural activities and shopping centers. New home developments often are built on the outskirts of town.
A major appeal of an older home is its architectural uniqueness.
Older homes often are located in neighborhoods that were developed over a period of time and offer a variety of architectural styles. Buyers who are influenced by “curb appeal” - or what a house looks like from the street - often are attracted to older homes.
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