Below are some of the main reasons why you should invest in an older home:
1. More character. Older homes possess a certain character that you just won’t find in new cookie-cutter models. It could be a hand-carved staircase, a farmhouse sink, original stained-glass windows, or a classic fireplace. These are all features that you most likely won’t find in modern houses. There are even stories of people buying and living in renovated church homes.
2. Solid construction. Let’s face it – homes just aren’t built the way they used to. An older home will typically have thicker walls, and framing built with old-growth wood. This means that the wood is denser and more sustainable. Also, doors are generally made from solid wood and come with hardware built to last.
3. Old-school savings options. My sister owns a house that was built in 1885, and she has something called transom windows over her internal doors. These are basically small windows that can be opened and closed and can greatly improve the air flow in the home. This allows you to take full advantage of the natural breeze, thus lowering energy bills. And while some older homes don’t come with centralized air-conditioning, you can use window units and just cool the rooms you use the most.
4. Better price. Since older homes are generally not as popular with buyers as newer homes, you may be able to get one for a cheaper price. Plus, they are often larger than recently built homes. If square footage is important to you, an older home may represent a relatively affordable way to get more.
5. Transportation savings. Older homes tend to be located in urban neighborhoods. So along with getting a deal on the price of the home, you can also save on transportation. These neighborhoods are generally within walking distance of grocery stores and other businesses.
6. Tax breaks. Depending on the locale, your new home may qualify for certain tax abatement programs. These programs essentially waive or reduce certain city, school, or property taxes over an extended period of time.
Excerpt from http://www.oldhouseweb.com/blog/5-reasons-to-invest-in-an-older-house/
Like this:
Like Loading...
Tags: fsbo, homes for sale, older homes for sale
