Buying Newer vs. Older Homes

One of the first decisions most home buyers make is choosing between buying newer or older homes.

A reader asked me last week whether most buyers today lean toward buying "cookie-cutter homes in developments with no land." She is trying to sell her historic 1895 home, situated on two acres in Mebane, North Carolina, one of the last remaining homes on the Murray Plantation of Alex Haley fame. (The price is so good I've considered buying it myself.)

One buyer said she should "update" her kitchen, even though this seller has spent the last 12 years restoring the home to its original glory. The seller asked me, "Doesn't anybody appreciate older homes anymore?"

There are advantages to buying older homes and buying a piece of history, a home with a past. But buying new homes has a definite upside. To figure out which is right for you, first . . . read more

Ready to Know More About Home Buying? Click below:

• Buying New Construction
  
• Home Improvement Mistakes
  
• Best Time to Buy

_{© 2005 Elizabeth Weintraub}

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