If you have a choice between two houses in the same area:
a. A house built in 2003 with "Energy Star" features, in a new neighborhood, open floor plan, but smaller yard.
b. A house built in 1980 with matured trees, large yard, priced cheaper, but needs updates. (note: Assuming you can't upgrade an old house into "Energy Star" compliant.)
Which one is more appealing to you? What other factors will you take into consideration?
2007-09-23 13:50:52 · 3 answers · asked by Phil 3 in Business & Finance ➔ Renting & Real Estate
Almost certainly the one from 2003. The open floor plan is generally more desirable and more live-able.
Not only are you looking at cosmetic issues with the older one, you could be looking at a new roof, new windows, upgrading insulation, etc.
Good luck!
2007-09-24 04:59:03 · answer #1 · answered by Rush is a band 7 · 0⤊ 0⤋
I would have the older home inspected to find out what it would cost for any repaires and updates.Then compare. Some people like older homes and like to do repair work as they want. Some people don't have the time or the know how to.
2007-09-23 21:46:02 · answer #2 · answered by KM 3 · 0⤊ 0⤋
New. Better design, safer construction and better for resale.
2007-09-23 21:16:10 · answer #3 · answered by Anonymous · 1⤊ 0⤋