Buying a house is always a tough decision. Deciding whether to buy a new house vs. an old house can be an even tougher decision. It used to be that new construction homes were expensive and unaffordable. But with advances in building technology, the cost of a new construction home is just as affordable as an older home. So leaving the cost out of it, how do you decide which home is right for you? We’ve put together a list of some of the top pros and cons to buying a new house vs. an old house.
Pros of an Old House
- Land – Older homes typically have bigger yards than newer homes. Newer homes have to squeeze into smaller lots. While older homes didn’t have to compete with as much development.
- Long-Term Neighbors – When buying an older home, you’re moving into an established neighborhood with people who have been there a while. Moving into a community of people who know and care about each other can be comforting.
- Character – Older homes come with their own character and charm. You can find things in an older home that are original to when it was first built and might be something you don’t see anymore.
- Mature Landscaping – Older homes come with landscaping that has had the time to mature. Trees that offer shade, flowers that bloom every spring, mature landscaping takes a lot less work than new landscaping.
Cons of an Old House
- More Maintenance – Buying an old home means buying its old plumbing, wiring, and more. Even if the previous owners just made a bunch of renovations, older homes can come with many unforeseen complications.
- Previous Owners – Old homes have gone through a couple owners and that means it’s gone through all of their crazy design and repair choices. There’s always something that will make you say, “why on earth would they do that”?
- Small Closets, Bathrooms and Storage – Older homes always lack in closet size. If you’re dreaming of a walk-in closet, you can just about forget finding one in an older home. Same usually goes for the bathrooms and storage, there never seems to be enough space.
Pros of Newer Homes
- Little Maintenance – With a new home it should be years before you find yourself having to make big repairs. And if anything were to go wrong, new homes come with a builder’s warranty.
- You’re The First Owner – As the first owner of a new home, you won’t have to worry about ugly design decisions from a previous owner. In fact, most new construction homes will allow you to pick some of the finishes.
3. Big Closets – Seriously, if you want a big closet, bathroom or more storage a new construction home is your best bet.
4. Energy Efficient – New homes come with energy efficient windows, better HVAC and energy saving appliances. These upgrades in technology can save you a lot more on your energy bill.
5. It’s New – There’s something special about new things. There’s nothing like the feeling of something brand new.
Cons of a New House
- It Settles – No matter how well your home was built or how nice the soil is, homes need to settle. This means you may here your home doing a lot of creaking the first few years.
- Smaller Yards – New homes don’t usually come with a ton of yard space. New homes are competing with already developed neighborhoods.
- Young Landscaping – If you don’t have a green thumb, you may want to rethink the landscaping for your new home. Trees and vegetation need time to mature. If you don’t have the patience to nurture new plants you might have to skip the landscaping all together.
Buying a house is a big deal, make sure you’re buying the house that’s right for you. Now that you know the pros and cons of buying a new house vs. and older house, you can decide on a home that appeals to you most.
Although we can’t make up for everything that older homes offer we do try to offer the better parts of buying an older home. At Thayer Homes we’re all about the details in our Craftsman style homes. From crown molding, to built-ins, pocket and barn doors, your home will lack anything but character. And for those of you looking for a sense of community, our large porches and back decks will make you want to sit outside for hours enjoying the company of your new neighbors. Click here to see how we’re raising the standards on new construction homes.