Thursday, April 8, 2010

Should I buy a new property or a resale property?

One question buyers usually have on their mind when deciding to buy a home is: is it better to buy a new home or buy a resale property?
To start off a new home can be customized to your wants, not that a resale property can't but with a new home you start from scratch and can colour and decorate the house as you wish. You will also know how to use the new home to it's maximum efficiency because you were able to plan out what you want to go where. Because the house is new it comes with a warranty! The appliances will all be brand new meaning the HVAC (heating, venting, air conditioning) will run perfectly for a number of years before you even need to think about replacing these everyday appliances. New residential developments are carefully designed to offer consumers a pleasant balance between community and private life. Walkways, bike paths, signage and housing density are all thought out before hand to ensure your lifestyle is best represented by the community in which you live (Credit to Landmark homes).
Older homes have the character and charm not seen in newer homes. Unless you custom-built your home, bedroom communities do not build Victorian homes reminiscent of the bygone era. Age adds to the character of a home, like the patina finishes that can oftentimes be accomplished only when a house had been standing for years. The brand new homes are more of cookie cutter type, with less architectural details that are seen in older homes.The crown moldings and intricate wood details and plasters that were used are no longer seen in today's newer homes. A lot of those built decades, even centuries ago were handmade by wood carvers and carpenters who do not have the conveniences of using high powered tools. They are not manufactured in hundreds of pieces. More than likely, each piece on an older home is unique and a work of art on its own adding great value to the home.Another thing great about buying an older home is that it has been tested through time. Homes that had been in existence for decades, even hundreds of years is a testament to their true quality. Some of these places have gone through different climate changes and calamities, and if they are still standing, chances are, they will still be there a hundred years from now. Older homes for some reason have bigger land. Back when land was cheaper, these homes were built with more square footage of land than newer homes. Unless you have bought acreage of land to build your homes, buying mega new homes on a small lot can be a disadvantage of buying newer homes.

So there are the facts, ultimately you must decide which will work out better for you and your situation. To schedule a free consultation call the CallCleeves Team at 519 772 4326. Or send us an e-mail at info@callcleeves.com we'd love to hear from you!

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