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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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Which famous skilled mason laid the cornerstone of the Capitol Building in Washington, D.C. in 1793?
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George Washington, the first President of the United States. |
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Teresa Santana, P.A.
RE/MAX
4301 S. Flamingo Road Suite 101
Davie, FL. 33330
Phone: 954-873-1586
Fax: 954-337-2601
Email: teresasantana@NUMBER1EXPERT.com
As a top producer of REMAX, I specialize in Luxury Home Estates located in good school district. I'm in the business for over 10 years and have reached my title because I LOVE my job and love working with people. When I compare myself with other agents, I think my strongest attribute is my dedication to buyers in finding the right home by listening carefully to their likings. For Sellers, it's my one on one attention to details from the marketing, contract execution, to following up. I guarantee satisfaction!   
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