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Buying Land and New Construction >Buying New or Buying Old
New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.
Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.
New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.
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What Las Vegas hotel is famous for its casinos and is the largest hotel in the US.?
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With 5,012 rooms, the MGM Grand Casino is considered the largest hotel in the US. |
 See More Real Estate Trivia > |
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Sherry Ajluni and Maria Livingston
Keller Williams Realty Consultants
695 Mansell Rd., Suite 120
Roswell, GA 30076
678-283-1710
678-548-5513
Fax: 404-592-2827
Info@SherryandMariaTeam.com
Experience, attention to detail and concern for our clients set us apart from other real estate professionals. We go above and beyond to make sure our clients get personalized attention right when they need it, not days later. We make sure they are making the right purchasing decision for them, even if it means not making a sale for us. We always think “resale!”
We are dedicated to making your move effortless…
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