Give Me A New House For An Old One 2 Some Advantages and Disadvantages of Buying an Older Home

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Some Advantages and Disadvantages of Buying an Older Home

Many people believe that buying a new home has many great advantages over buying an older home. Nowadays, as the difference in cost between new and old homes becomes narrower, the question becomes more relevant. What pros and cons do you look at when thinking about buying an older home?

Let’s say for example that you are looking at Mooresville homes for sale and trying to decide whether or not to buy this gorgeous albeit old Mooresville real estate. To help you decide, here are some positive points about buying an older home:

1. Old-style construction – One of the beautiful things about old homes is the amount of careful work that went into it. You will find many old homes that are still standing and are still beautiful precisely because of the craftsmanship that went into it. Old-style appeal, when enhanced with regular maintenance, can really give a house a certain charm that is visible. Dated architecture in popular styles of the period also has much more character. There really is something special about owning a classically beautiful house.

2. Living near long-term neighbors – Older houses often come with long-term neighbors who grew up in the community. It makes for a good, family-oriented and often safer environment.

3. Some measure of safety in terms of changes in the neighborhood – If you buy a house in an old neighborhood, zoning changes probably won’t change much over the years. This means that if you live in a mostly residential and old neighborhood, it is unlikely that too many commercial establishments will be included in the mix. Mostly because they don’t do too well in old neighborhoods.

4. Spacious Yards – Most old style homes have houses that are built on large yards. This is because land was cheaper years ago. Having that much room can mean a lot to you. It could mean extra space for the kids and the pets to spread out, or an extra garage or house extension, beauty parlor or maybe even an extra building for a separate office or library.

If there are positive points, there are also some disadvantages of buying an old house.

1. Continuous maintenance. – As with any type of house, old houses require maintenance. Because they are old and many of the systems and materials used may no longer be readily available, maintenance may be more expensive than usual.

2. Repairing systems can be more expensive. – If there is something that needs to be replaced in the wiring, plumbing, and the like, it can be more expensive because the system is different from newer ones.

3. Smaller closets. – Old style houses tend to have smaller closets to accommodate larger rooms and garages.

4. Often more expensive than new homes – Older homes are often located near schools, mass transit, and other important establishments. As such, they can be more expensive than new homes.

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