So you’ve just stumbled upon a gorgeous home near downtown. The location is great, the amenities are all there, and you’ve got Primary Residential Mortgage, Inc. ready to finance the purchase. The only issue is that the home is Victorian, and you’re not sure whether you want to buy an older home. Should you proceed with the purchase or not? If you do, here are three things you stand to gain.
A strongly established neighborhood
As you’ve probably already seen from walking in the neighborhood of the older home you are considering, the trees are well matured, lots appear bigger, and the landscaping is great. Additionally, you’ll come to find that there’s a stronger sense of community in your new area, which helps you and the kids quickly assimilate. You can’t find that in a newly established neighborhood.
There’s definitely a lot of advancement in today’s building technologies, but contractors simply don’t make homes like they used to. The craftsmanship that went into building older homes is without comparison. It’s what makes the buildings so charming and full of character. Strange to think that these unique homes were made without power equipment.
Newer homes are built using modern construction materials and incorporate the latest appliances. This drives up the cost of building the home, which in turn increases its price. If you’re looking to get as much bang as possible for your dollars, then it’s best to invest in an older home and then consider upgrades later. The upside in this is that renovations for older homes have a great ROI.
People choose a home based on different factors. But if an established community, a higher quality build, and an affordable price appeal to you, then you should go ahead and snap up that older home.