Considering selling your older home but are worried about competition from new homes, here’s something to think about.
There are tradeoffs in both directions. Older homes usually offer more living space for the dollar and are usually built on larger lots. Because developable land was more plentiful in earlier years, builders had a greater choice of where to build. Therefore, the location of a resale home ,ay be more desirable. Also, there is no guess work in action. Landscaping has matured, neighborhoods have formed and a buyer doesn’t have to be concerned about how the area will develop. It already has.
On the other hand, new homes may be more energy-efficient and require less repair and maintenance and have newer appliances.
How does your older home stack up against new offerings? Your best bet would be to have our office provide you with a current estimate of its market value.
Monday, October 24, 2011
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