In the previous entry, we have specified the advantages to purchasing new properties. Yet, there is another side to the same coin. To help you make the best choice on whether to buy new or old, we offer some of the benefits that come out of buying old when it comes to real estates.
Advantage #1: Location
Previously-owned homes are often built on prime locations where the surrounding community has had time to establish and flourish. Most desirable locations are no longer available to newer homes, and it is possible that new communities are built in the suburbs miles away from the city.
Advantage #2: Peace
Moving into an existing neighborhood may decrease the possibility of pollution. If you buy a new property, chances are it is often located in construction sites that are still undergoing development and continuous building. This means that there would be noise pollution, dust and dirt, which is an unattractive feature to any home.
Advantage #3: Style
Many people remark that older homes have a period-style architecture and craftsmanship that are very attractive. The character of older homes cannot be imitated by new purchases and can trigger emotional aspects of potential buyers. Unless you custom-built your home, there are just many little charms about older homes that make it feel like “home” upon first stepping into it.
Advantage #4: Community
Older homes are usually situated in established neighborhoods and communities, where school and other amenities are readily available. It takes years for neighborhoods to become built. If you buy an older home, chances are you will automatically become a member of a stronger community that can make your new transition so much easier.
Advantage #5: Landscaping
The landscaping and greenery of older homes are often more developed than new homes. When purchasing new homes, it may take up to several months before you are able to make use of your backyard. Unless you are planning on planting mature plants, the aged trees and shrubbery that come with giving character and charm to your backyard will take work and time to grow.
Advantage #6: Price
Older homes can be significantly lower when it comes to selling prices than newer homes. This is to balance the fact that it has been owned and used. If you are not able to dish out the big money for brand new homes, buying an older home and save up during your time living there may be an option to consider.
There are many benefits to buying an older home. If the abovementioned points are important to you, you may wish to consider purchasing older properties. In order to make the best home-buying decision, whether they may be condos or other types of homes for sale in Kitsilano, you may wish to consult with a real-estate expert.