(Closed) Buy new house or used?

posted 7 years ago in Home
  • poll: Used or New House?
    Prefer brand new : (8 votes)
    17 %
    Prefer used : (40 votes)
    83 %
  • Post # 3
    Hostess
    18643 posts
    Honey Beekeeper
    • Wedding: June 2009

    It depends on what you are looking for.  Hopefully, a home that is less than 10 years old shouldn’t have any major problems.  I do like the fact that the neighborhood is already established in an older home and you don’t have to worry what the area will become later.

    Post # 5
    Member
    7779 posts
    Bumble Beekeeper

    I actually love historic homes. I grew up in a house that was over 100 years old and I have a fondness for old houses now. I love how much charm and character they have. I feel like modern homes aren’t built with the same kind of thought and attention to detail. Yes, they require more maintenance and may require some level of rehabbing, but I think that the pros outweigh the cons.

    Post # 6
    Hostess
    18643 posts
    Honey Beekeeper
    • Wedding: June 2009

    I think on most older homes the carpet is in need of replacement.  You also might need to think about the age of the HVAC unit and water heater since those may not last 10 years and could need replacing if they are original.  We ended up having to replace the heater in our home during our first winter and it was about $4k.

    Post # 7
    Member
    11325 posts
    Sugar Beekeeper
    • Wedding: February 2011

    There are pros and cons to each. We bought a new home because we could get a lot nicer/bigger place buying new than we could “used.” The nice thing about it is that everything is brand new so we knew we didn’t have to come in and have any projects except normal decorating. Also, we had a 12 mo warranty which is awesome. The downside is that new home means new development and construction is ongoing… its pretty annoying. 

    Post # 8
    Member
    769 posts
    Busy bee
    • Wedding: April 2010

    i only know one family that purchased a new home and that was my aunt and uncle in missouri. no on in so cal can buy a new house until you have a ton of cash!

    but above all that, i like the idea of adding what we like to a house through doing it ourselves. i love architectural salvage places and vintage touches that make a house a home. i know that comes with things breaking down, but it comes with the territory!

    Post # 9
    Member
    103 posts
    Blushing bee
    • Wedding: July 2011

    I tend to prefer the character of older homes, but that might not really apply to something that’s just a few years old vs. brand new. We are in the process of buying a 1993 house and will have to replace pretty much everything because it already looks so dated. Fiance and I are looking forward to fixing it up together.

    We made the decision for this house based on the location and the fact that we don’t have to move! We have already been living here as renters for the past 3 years. But we did house hunt for a long time before deciding to buy this one, and even though I fell in love with several other newer and prettier houses we looked at, the location was ultimately more important to us. So I guess you just have to factor in your priorities and see which house is a better match for you.

    Post # 10
    Member
    2233 posts
    Buzzing bee
    • Wedding: September 2012

    I prefer the character of older homes over new/newer homes. I prefer the layouts of older homes as well. 

    With newer homes there are always going to be some things to work out. Usually in the first year is when you find out if you’re going to have a leaky basement, with an older home you buy knowing if the problem exists or if a fix has been attempted. 

    Post # 12
    Member
    103 posts
    Blushing bee
    • Wedding: July 2011

    do you think one has a better chance to gain value over time? we felt like with a nicer house in a smaller lot or worse location, there wasn’t much we could do with it. but with our older house on a great lot, we could fix up the interior ourselves to add value for when we eventually sell it.

    Post # 13
    Member
    4803 posts
    Honey bee
    • Wedding: August 2012

    I personally prefer used especially in my area. Houses here are super pricey and older homes are a) cheaper  and b) bigger.  Also, if you can get a good deal on one that has good bones but just needs cosmetic upgrades, you can sometimes turn a profit.

    Post # 15
    Member
    3871 posts
    Honey bee
    • Wedding: November 1999

    If I could afford a brand new house, I would so do it. But since they are much more expensive than older homes, I have to settle for older home.  It would be awesome to buy a home that is less than 10 years old though. Oh, one downside to new homes is that they usually have HOA dues.  My sister was one of the first couple homes bought in her development.  By the time they moved in, the development raised the prices of the homes by 25K.  She picked a great time to buy. She also lucked out that it was a great neighborhood. Very safe.

    Post # 16
    Member
    2216 posts
    Buzzing bee
    • Wedding: August 2012

    When you build a new house, you have to take into consider all the extras that aren’t included in the initial cost – Pour a driveway, landscape, if applicable, build a deck, etc…  Some of those “finishes” add more to your cost, as well. 

    I debated the same thing you did – buy new vs. older  I decided to buy to old, because in the end it would be cheaper all things considered.  I will build my dream home in 5-10 years.

    Also, there is a lot to be said about having a yard.  I think it adds value to the house. 

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