{"id":14881,"date":"2017-08-16T14:25:33","date_gmt":"2017-08-16T14:25:33","guid":{"rendered":"https:\/\/web3.ezmedia.ca\/wilbri\/?p=14881"},"modified":"2019-05-28T13:13:29","modified_gmt":"2019-05-28T13:13:29","slug":"buying-a-house-new-vs-old","status":"publish","type":"post","link":"https:\/\/web3.ezmedia.ca\/wilbri\/buying-a-house-new-vs-old\/","title":{"rendered":"Buying a House: New vs. Old"},"content":{"rendered":"

In the past, newly built homes cost more than older houses. But that\u2019s not the case anymore. With the increasing cost of land, homes are not built in smaller, less expensive lots, allowing new home builders to sell them at rates similar to older properties. This is why home buyers now have more options when it comes to owning a house. But which one should you choose?<\/strong><\/p>\n

New vs. Old<\/strong><\/p>\n

To come up with the best decision and ensure that you will get the best value for your money, it\u2019s a must that you compare all pros and cons and\u00a0consider\u00a0all possible factors. Here are some of the things you should look into when choosing between a new home design and a resale house.<\/p>\n

Pros and cons of a newly built house<\/strong><\/p>\n

\"\"<\/p>\n

PROS<\/strong><\/p>\n

    \n
  1. \n

    Little to no maintenance needed \u2013 a\u00a0new house design\u00a0will be constructed with new and sturdier materials. It will also be equipped with new appliances, which means that repairs and renovations won\u2019t be needed for a long time.\u00a0\u00a0<\/b><\/p>\n<\/li>\n<\/ol>\n

      \n
    1. \n

      New home warranty \u2013 in Canada, newly constructed houses are protected under warranty. The kinds of homes that are covered by this insurance include single family properties, duplexes, condominiums, manufactured homes, multi-family homes, and recreational properties. Your newly built house can be given 1-year coverage for\u00a0labour\u00a0and materials and 10 years for major structural components.<\/p>\n<\/li>\n<\/ol>\n

        \n
      1. \n

        Energy efficiency \u2013 most new constructions are already equipped with solar panels or other energy-saving measures, like insulations and HVAC systems. This ensures that you can save money on utility costs.<\/p>\n<\/li>\n<\/ol>\n

        CONS<\/strong><\/p>\n

          \n
        1. \n

          Immature vegetation \u2013 typically, you won\u2019t find lots of new homes with mature trees in the yard. The cost of landscaping could also prevent new homeowners from maintaining their lawn.<\/p>\n<\/li>\n<\/ol>\n

            \n
          1. \n

            Settling or shrinking \u2013 new houses are prone to settling because cracks in the wood framing make the foundation shrink as it loses water. This can also happen in concrete, which could shrink 1\/16 of an inch after one year.<\/p>\n<\/li>\n<\/ol>\n

              \n
            1. \n

              Similar floor plans \u2013 a lot of new home designs look a lot the same. If you don\u2019t want a house that conforms to the rest of the neighborhood, then this option isn\u2019t for you.<\/p>\n<\/li>\n<\/ol>\n

              Pros and cons of a resale home<\/strong><\/p>\n

              PROS<\/strong><\/p>\n

                \n
              1. \n

                Better quality \u2013 older homes have stood for years, and have weathered many storms, which means that you can expect the foundation to be exceptionally sturdy.<\/p>\n<\/li>\n<\/ol>\n

                  \n
                1. \n

                  Landscaped yards \u2013 most resale houses were built on larger lots, which gives owners more space to accommodate gardens, driveways, garages, decks, and more.<\/p>\n<\/li>\n<\/ol>\n

                    \n
                  1. \n

                    Established neighborhood \u2013 older homes are usually built in more established areas with stricter zoning rules. This means that establishments that are not appropriate for children are nowhere near your place. Aside from that, resale homes are usually built in areas near the downtown.<\/p>\n<\/li>\n<\/ol>\n

                      \n
                    1. \n

                      More character and style \u2013 if you\u2019re looking for a particular style, say a Mediterranean themed home, you can be sure to find exactly what you want if you look into real estate listings of old properties.<\/p>\n<\/li>\n<\/ol>\n

                      CONS<\/strong><\/p>\n

                        \n
                      1. \n

                        More maintenance \u2013 because resale houses are usually older, there will always be something to fix after you\u2019ve moved in. Tiles, flooring, and cabinets, for example, may need to be repaired after a few years. Sewer, wiring, plumbing, and heating and cooling systems may also be older, which could be expensive to update or replace.<\/p>\n<\/li>\n<\/ol>\n

                          \n
                        1. \n

                          Higher energy consumption \u2013 some older houses don\u2019t have energy certifications, especially those that have been constructed some decades ago. Retrofitting eco-friendly systems would\u00a0often times\u00a0be costly because of how resale homes were designed.<\/p>\n<\/li>\n<\/ol>\n

                            \n
                          1. \n

                            Resale value \u2013 5- to 10-year old properties are more desirable to buyers. So, if you are planning to resell in the future, a newly built house would have more resale value than those that are 15 to 25 years old.<\/p>\n<\/li>\n<\/ol>\n

                            \"\"<\/p>\n

                            Given all the advantages and disadvantages of both options, you\u2019ll now be able to narrow down your choices. The key to success, though, is seeking professional help. If you are to go for a new house building, it\u2019s best to talk to a seasoned company that offers house and land packages.<\/p>\n

                            But if you are to choose a resale home, it would be wise to speak to an established real estate agent, like Brian Willis. This way, you can be sure that he will help you choose the best house that not only fits your budget but also meets your needs and expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"

                            In the past, newly built homes cost more than older houses. But that\u2019s not the case anymore. With the increasing cost of land, homes are not built in smaller, less expensive lots, allowing new home builders to sell them at rates similar to older properties. This is why home buyers now have more options when […]<\/p>\n","protected":false},"author":93,"featured_media":14882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[2,39],"tags":[48],"class_list":["post-14881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-vancouver-island-comox-valley-home-buyer-info","tag-comox-valley-home-buyer-info","entry","has-media"],"yoast_head":"\nBuying a House: New vs. Old - Brian Willis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/web3.ezmedia.ca\/wilbri\/buying-a-house-new-vs-old\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying a House: New vs. Old - Brian Willis\" \/>\n<meta property=\"og:description\" content=\"In the past, newly built homes cost more than older houses. 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