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Some Advantages and Disadvantages of Buying an Older Home

Many people think that buying a new house has many advantages over buying an old house. These days, as the cost gap between new and old homes narrows, the question becomes more pertinent. What pros and cons do you consider when considering buying an older home?

Let’s say, for example, that you’re looking at Mooresville homes for sale and you’re trying to decide whether or not you want to buy that gorgeous, albeit older, Mooresville real estate. To help you decide, here are some good points with buying an older home:

1. Old Style Constructions – One of the most beautiful things about old houses is the amount of meticulous work that went into them. You will find a lot of old houses that are still standing and are beautiful precisely because of the craftsmanship that went into them. Antique curb appeal, when further enhanced with regular maintenance, can really give a home a certain charm that is noticeable. The dated architecture in popular styles of the time also has a lot more character. There is something special about having a classically beautiful home.

2. Live near long-term neighbors – Older homes often come with long-term neighbors who grew up in the community. It creates a good, familiar and often safer environment.

3. Some security in terms of neighborhood changes – If you buy a home in an older neighborhood, chances are the zoning changes won’t change much over the years. This means that if you live in a mostly residential and older neighborhood, it’s unlikely that there will be too many commercial establishments in the mix. Especially since they don’t do too well in the old neighborhoods.

4. Large Yards – Most old style homes have homes built in large yards. This is because land was cheaper years ago. Having that much space can mean a lot to you. It could mean extra space for children and pets to play, or an extra garage or house extension, a gazebo or even an extra building for a separate office or library.

If there are positive points, there are also some negatives to buying an older home.

1. Permanent maintenance. – As with any type of house, old houses require maintenance. Because they are old and many of the systems and materials used may no longer be available, maintenance may be more expensive than usual.

2. Repairing systems can be more expensive. – If there is anything that needs to be replaced in wiring, plumbing and the like, it can be more expensive because the system is different from the newer ones.

3. Smaller closets. – Older style homes tend to have smaller closet spaces to accommodate larger bedrooms and garages.

4. They are often more expensive than new houses – Older houses are often located near schools, public transport and other important establishments. Therefore, they can be more expensive than new homes.

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