Real Estate Information |
|
Old House? New House? Weighing Your Options
Maybe it has something to do with a childhood home we fondly remember. Many of us long for old homes built with solid construction, quality craftsmanship and beautiful details. We wax poetic and wistfully recall the hand carvings, plaster walls and eyebrow dormers of homes we've known. On the other hand, how do the old homes we admire compare with newly minted models-and what should we consider before deciding which to buy? Location. Typically, old homes sit on generous plots of land in or near town. The neighborhoods are established and usually more central to schools and shopping. Mature trees and plantings provide shade and beautify the property and neighborhood streets. New homes are generally found in new developments outside of town and homeowners who buy into an early can expect to contend with dust and construction sights and sounds as the remaining phases are being built. Landscaping may be skimpy or nonexistent, but a buyer has the opportunity to design the décor from scratch. Layout. New homes tend to have a more spacious functional layout with higher ceilings, bigger windows, family kitchens, walk-in closets, and family rooms. Some even have media rooms and come pre-wired for cable and computers. On the other hand, older homes were designed for a more formal lifestyle, which is reflected in the formal dining and living areas and many cozy rooms, including small bedrooms, closets and bathrooms. Energy efficiency. Those eight-over-eight single pane wood windows add character to an old home, but even with storm windows, they're not nearly as energy efficient as modern dual-glazed or thermal windows. While most old homes lacked insulation in outside walls and attics, homes built today insulate against high heating and cooling costs. Although the bigger windows, higher ceilings and larger rooms, common in new homes, can also cause high utility bills. Maintenance. With older homes, upkeep could be more expensive because of older appliances, plumbing and electrical systems-not to mention the roof-may need to be replaced. A turn of the century home may have outdated knob-and-tube wiring, and even a recently built home may have an inadequate fuse box-style panel that falls short of the energy demands of 21st century families. But new homes generally come with warranties that will cover the cost for most major problems. Price. Older homes are usually less expensive per square foot. In addition the tax structure is more predictable because the neighborhood is already established with amenities that newer neighborhoods are still in the process of gaining, such as schools, police and fire services, and infrastructures (roads, sidewalks, etc.). However, with restoration costs a possibility for older homes, your dollars may very well be spent on the back-end rather than upfront. If the charm and beauty of an old home wins your heart, hire an inspector to evaluate the home for lead paint, insect and water damage, lead and/or galvanized pipes, outdated wiring, foundation problems and energy efficiency, including windows as well as heating/cooling systems and insulation. After you get the all-clear, you have one last consideration: Does the home fit your lifestyle or would the conveniences of a newer model suit you better? Only you and your family have the answer. Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity
MORE RESOURCES: Anthem Citizen Real Estate Development Trust Files Preliminary Prospectus for Initial Public Offering of Units Yahoo Finance How buyers, sellers and agents are navigating the real estate shake-up The Washington Post Exclusive | Can 3-D Printing Revolutionize Real Estate? Walmart Put That Question to the Test The Wall Street Journal Real Estate Transactions, Sept. 9 edition Hopkinton Independent How would you like 9-plus acres of rural paradise right here in Jacksonville? The Florida Times-Union NAR doing a good job, associations say; MLSs aren’t so sure Real Estate News KKR Real Estate Finance Trust Inc. to Present at Deutsche Bank’s 32nd Annual Leveraged Finance Conference Business Wire Chicago’s Evergreen Real Estate Group to manage 12 multifamily units across the Midwest REjournals.com Oprah Winfrey Enters the Real Estate Reality TV Arena With ‘First-Time Buyer’s Club’ Realtor.com News McGrath Real Estate Partners breaks ground on phase two of Riceland MPC Houston Agent Magazine Sarasota real estate giant names new CRE director Business Observer Revise or remove Clear Cooperation, most industry pros say Real Estate News Real Estate Market Predictions 2025: What to Expect Norada Real Estate Investments Mahoning County Real Estate Sales: $100K+, September 2024 businessjournaldaily.com VIDEO | REAL ESTATE | Mark Kuehl to reopen Jim’s Place in Mayville, WI, at Atwell’s Pub washingtoncountyinsider.com $150 Million Refinancing Secured for Boston-Area Life Sciences Building Bedford Labs Boston Real Estate Times Alexandria Real Estate Equities Inc. stock outperforms competitors on strong trading day MarketWatch Face-to-Face With Movers & Shakers: SGA Founder and Chairman Al Spagnolo on P3 Student Housing Boston Real Estate Times Pinellas Beaches Real Estate September 3-6 The Gabber Newspaper Erland Construction Completes Several Renovation Projects for The Fessenden School Boston Real Estate Times Housing Market Insights & Predictions – September 2024 Norada Real Estate Investments September 4-6 Gulfport Real Estate Sales The Gabber Newspaper R.W. Holmes Assists Hope & Comfort in Corporate Headquarters Relocation to N2 Innovation District in Needham Boston Real Estate Times Agents, here’s some motivation for uncertain buyers Real Estate News Why commercial real estate investors are only cautiously optimistic Benefits and Pensions Monitor A Real Estate Investor Shares the Realities of Doing a 1031 Exchange Business Insider Lofty’s Real Estate Tokenization Platform Sets New TVL Record at $37.6M NFT News and Insights from the Industry - NFTgators Rail News - St. Louis Regional Freightway expands rail-served real estate. For Railroad Career Professionals Progressive Rail Roading These Miami brothers ruled ultra luxury real estate, then sex assault allegations came out Miami Herald Central Mass. real estate transfers, Sunday, Sept. 8 Worcester Telegram Real estate market snapshot | Sponsored content Journal of the San Juan Islands Group of Philadelphia-area Hospitality, Real Estate Firms Buys Restaurant, Adjacent Bar Near New Hope BUCKSCO.Today Hamilton County buys former Mercy headquarters in Bond Hill The Business Journals Simone Biles Shares a Stunning Glimpse Inside Custom-Built Texas Mansion—Including Her Jaw-Dropping Bathroom Realtor.com News Exclusive | A $17.8 Million Quail Plantation Is One of Alabama’s Most Expensive Properties for Sale The Wall Street Journal Clark Halstead, Real Estate Broker Who Broke the Mold, Dies at 83 The New York Times This is why Michael Jordan refuses to lower the price on his Chicago mansion that has been listed for 12 years New York Post When a Real Estate Boom Came to a Toxic Corner of Brooklyn The New York Times Evergreen Real Estate Group Expands National Apartment Housing Community Management Portfolio Yield PRO magazine Two D-FW companies are moving their headquarters in early 2025 The Dallas Morning News East Cobb residential real estate sales, Aug. 19-23, 2024 East Cobb News See Cuyahoga County home sales, other property transfer details for August (searchable database) cleveland.com The Aggregator: Tech investments, real estate deals highlight dynamic market activity Alternatives Watch Just Sold: Eagan townhome rentals draw $7.84M Finance and Commerce Dunas Capital Real Estate secures €45m financing from Cheyne IPE Real Assets SANTEE COUNCIL: Town OKs real estate development ordinance The Times and Democrat Tri-Cities real estate agent enters plea after allegedly messaging a teenager about sex Tri-City Herald 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents Yahoo Finance Chicago sees renewed demand for downtown office space Chicago Star Media 2025 Denver Commercial Real Estate Outlook & Expo Colorado Real Estate Journal 2024 Erie County real estate transactions Buffalo News Real Estate Market Adjusts In Anticipation Of Fed Reserve Cuts Huntsville Business Journal 7 Best REIT ETFs to Buy for 2024 | Investing U.S News & World Report Money |
RELATED ARTICLES
Using Transformation Psychology to Sell Investment Properties Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a doghouse into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits. Property Investing Secrets 9 Property Investing: Here Are Two Important Tactics You Must Do When Buying Real Estate Off The InternetYou can purchase property off the internet. The off line fundamentals of property investing apply on line. Notify Them When Youre Moving One of your first steps, when you're getting ready to move, is to pick up a stack of change-of-address cards from the post office. Yes, old-fashioned go-by-snail post cards! You'll want to notify everyone in your address book and also. Using Color Psychology to Sell Your Home When painting your home for resale, choosing the right colors can make a huge difference in your paycheck at closing. For instance, did you know that the exterior color of houses selling most quickly is a certain shade of yellow, but that choosing the wrong shade of yellow can kill a sale?You'll find many brochures in paint stores, showing various combinations of exterior paint colors. Spain Excellent Choice for British SIPP Investors Second homes in favourite holiday destinations such as Spain are likely to be top of the shopping list when the pension rules change April 6th 2006, allowing individuals to invest in residential property through Self Invested Personal Pensions (SIPPs).Research shows that Spain's mature market makes an excellent choice for SIPP investors, with capital growth still high and forecast to grow at 10% a year for the next five years at least. Stay Motivated With REI Till The Deal Comes I know many investors step into the game of real estate investing with high hopes of landing the deal that will turn their financial situation around and yes some do and this is not for you - this is for the investors still looking for that first deal!The best way starting out in this business, staying motivated and sticking to real estate investing has to do with one big factor!Keep your JOB - Yes you may be "Just Over Broke" but real estate investing comes with no guarantees of doing a deal in 30, 90, or 120 days as a matter of fact deals come and they go. real estate investing has its good times and it's bad times!You need a source of income and without it the likely hood of failure will soon follow!Having a stable income is the number one goal to having financial well being and your mental and emotional well being also. Checklist for Buying a Home I had a client who called saying that his bath tub just fallen through the floor in his new home (new to him). Mold had eaten away the floor from the crawlspace up. How You Will NOT Make Money in Real Estate We all have seen some book called "How I Turned my last dollar into $1 Million by buying real estate in my spare time". Some of us even bought such books on an impulse with high expectations. Buying Property in Spain You have made the decision to move to Spain and are now looking for a property to buy? Where do you start?Firstly, I would suggest you go on to the internet and look at the various agents that are offering properties for sale in Spain. Many of these companies are run by people who have already emigrated to Spain and will know the many problems and pitfalls that arise when buying a property in Spain. Real Estate Investing with Bad Credit! By being creative, you can play the game of real estate investing by using what is called Option's investing.This is just one technique of the Option's strategy of investing but can be a power tool in your investors toolbox to help you control more real estate and build wealth. Fixing Houses for Resale: Three Beginning Steps to Increase Profits and Have Fun Real estate investors specializing in fixers make higher profits when they have a detailed work plan and know how to get around the future resale appraisal issues.Before you begin your fixer makeover, taking a few extra steps helps you make more money, avoid future appraisal pitfalls, and have more fun. Property Investment - Buying A Holiday Home in Cyprus Cyprus is fast becoming a property hotspot for thousands of British holiday home hunters disillusioned with the overdeveloped and overpriced Costas. Famous for its spectacular beaches, a climate that gives more sunshine days than Spain and its rich and varied history, Cyprus offers a perfect mix of foreign and familiar. RESPA: The Real Estate Settlement Procedures Act The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. One of its purposes is to help consumers become better shoppers for settlement services. Buying Real Estate Thats Not For Sale Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. How To Negotiate A Higher Price For Your House Negotiation is where many FSBO home sellers really have problems. The wrong attitude or a slip of the tongue could cost you thousands. Should You Buy Hud Homes? Buy HUD homes are sometimes the cheapest option available for a common man to own a house. The fact that teachers and police officers could buy HUD homes at 50% off the market value attracts more potential buyers. The Real Estate Bubble Fallacy There has been a lot of talk lately about the "Real Estate Bubble", and a lot of folks are asking the question: "When it is going to burst"?They are saying that the market just can't sustain this level of growth and appreciation much longer, and I heat them say that it is inevitable that it must come crashing down soon. People are worried. Making a First Impression When Selling Your Home So you've decided to take advantage of the booming real estate market and put your house up for sale. As you know, buying a house is the most important purchase a consumer can make. Budgeting Your Log Home: Where Do You Start? The Log home industry has matured these last many years, but there is still a lot of confusion about how much a log home costs. Naturally, everyone wants to know the cost of the log package; however, the budgeting only starts here. Selling Houses: Psychological Effects of Landscaping Buyers think they care more about the inside of the house than the landscaping, but in reality, most buyers won't even get out of their car if the front landscaping lacks the promise of great details inside. Therefore, your landscaping needs to arouse buyers' expectations and entice them into viewing the inside of your home. |
home | site map |
© 2006 TIGER MEDIA |