| According to Lawrence Yun, senior
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| | one built. You may also find that you can
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| economist for the National Association of
| |
| | afford a newer and bigger home, but in a
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| Realtors (NAR), the 2007 market puts
| |
| | less desirable area of town. You will
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| buyers of homes at an "overwhelming
| |
| | need to weigh your priorities. This leads
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| advantage". However, the NAR is also
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| | to the look and design of homes in
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| predicting that 2008 sales will increase
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| | general. Structure of Homes on the
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| due to a slow down in new home
| |
| | Market For buyers at the middle or lower
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| construction that is helping to balance
| |
| | end of the house buying spectrum, the
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| out the market place. For those who are
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| | trend for new home construction tends to
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| considering buying in this current real
| |
| | lean towards deed restricted communities,
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| estate climate, the decision of whether
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| | small lots, and "cookie-cutter" style
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| to invest in newly built homes, or
| |
| | homes. There are some benefits here for
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| existing ones, can be pretty confusing.
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| | first time homebuyers who wouldn't
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| With fewer brand new homes available on
| |
| | otherwise be able to afford a new house.
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| the market, maybe you'll get a better
| |
| | The down sides are that deed restricted
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| deal on a slightly older house. But how
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| | communities place significant limits on
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| can you make an informed decision? The
| |
| | what you can do to your property. Some
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| basic factors you want to keep in mind
| |
| | tend to have very little space between
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| for the homes you consider are upkeep,
| |
| | homes. And appreciation of your home will
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| neighborhood, structure, and cost. Upkeep
| |
| | be impacted by how well your neighbors
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| of Homes on the Market Many first time
| |
| | maintain their property. Of course, you
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| homeowners assume that a new house
| |
| | may also find this in buying an existing
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| requires less maintenance. While that
| |
| | home in one of those communities. You
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| should be the case, the reality is that
| |
| | will need to decide how important an
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| the craftsmanship of the homes can have
| |
| | established community or large yard is to
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| more impact than their age. A solidly
| |
| | your life. Just as you will need to
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| built 10-year-old home may not have the
| |
| | evaluate the physical and aesthetic
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| same issues as a shoddily made,
| |
| | structure of the homes you consider. Cost
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| cookie-cutter home in new community. How
| |
| | of Homes on the Market Your final
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| can you tell? Find a good inspector to
| |
| | determination will be cost. You may be
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| look at any homes you consider. Wood
| |
| | able to find almost new, or slightly
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| fixtures, appliances and overall
| |
| | older homes, in great shape. Or you may
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| structural integrity need to pass muster
| |
| | save $20,000 on an older home and get
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| before you make any serious offers.
| |
| | stuck replacing the roof the next year.
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| Neighborhood of Homes on the Market Older
| |
| | Your best bet is to get a good home
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| homes often surpass new construction in
| |
| | inspection, evaluate the quality of other
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| desirability if you want to live in an
| |
| | homes in the area, and weigh your options
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| historic or popular area. If you are in
| |
| | and priorities. As with most aspects of
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| love with a certain part of town, or
| |
| | evaluating homes for sale, your decision
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| committed to sending your children to a
| |
| | is personal and completely based on your
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| specific school district, new home
| |
| | needs and desires.
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| construction may not be an option. Also,
| |
| | John Harris is a researcher and writer on
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| if you really love a specific
| |
| | real estate topics such as economics,
|
| architectural style, you might find you
| |
| | credit improvement tips, home selling
|
| are better able to afford older homes in
| |
| | advice and home buying preparations.
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| that style than to locate or have a newer
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| |
|
