There are as many different housing styles as there are kinds of people. It only makes natural sense, everyone needs a place to live, yet express themselves and feel comfortable so it’s ‘home’. People grow and change in personality and desires as well as needs.
When people begin looking for a new place to live, it’s usually because the needs their current place is fulfilling has dwindled. They usually begin by looking at houses and what they like; then, what area can they afford. Or they start in an area they prefer and make do on the house style and type to be there.
To have a better fit and match, the suggestion is to look at yourself and your new place as an extension of you. Also taking into account the phase of life you are in right now and the next immediate phase because you may get there quicker than you think.
Here are some example of the introspective questions and suggestions:
Are you not Handy; and really don’t have the time or inclination? Do you enjoy the ‘latest and greatest’ in your lifestyle? Are you not going to be in the area long, yet would like to feel a sense of community for the time you’re there?
Any ‘yes’ to these questions and a brand-new tract home may be more to your liking. Newly builder built homes such as those in a development, usually, but not always, in a suburb. New homes are the latest in energy efficiency and are completely current with building codes. Tract homes in developments are generally easier to re-sell when the time comes, because the builder designs are crafted with appealing to the tastes of the most types of people.
You’ll get more new home for the money. Value is added into a new home because the builder has used the economies of scale to buy in bulk and labor savings. New houses increase in their value because they’re usually strategically located where the population is growing. Buying early and living there as the area grows in demand, when the time comes it will be easier to sell and you stand a better chance to do so at a profit.
Would you rather have time-tested quality? Are you the ‘find something you like and stick with it’ type? Do you enjoy tinkering, customizing, crafting or repurposing? Your strongest preferences are to the tried and true? Feel that things are too cookie-cutter and throwaway and crave the times when things were built-to-last?
Yes? Then an older home is your place. They reside in established neighborhoods and often have broad front porches, quality touches, plus fun quirky nooks and crannies and hardwood floors. That’s just part of what makes them interesting. Add to that a charm and elegance that can be irresistible.
From a value point of view, the main advantage is the construction. Homes built before World War II often were made with higher quality materials and old-world craftsmanship because they are, literally and figuratively, built-to-last. They also tend to be less expensive than new construction with similar features. And being in established neighborhoods, predicting property taxes as well as home appreciation is more accurate than new housing or developments by removing the unknown. On top of all that, making improvements or customizing will generate higher home value. And can result in tax benefits, offsetting some of the costs.