Question: You are overlooking one key issue. A new home today is not better > than an older home. Quality of materials will be far superior in > an older home….they might have REAL wood in the home rather than > plastic componets.
Answer: Sure, I can see that.
Then again, presumably a new home is built to more energy efficient standards / better codes.
Some will say a home in a good area will appreciate at about the same rate as others, so why not buy new? And I live in an area now reckoned to be one of the Best Places to live in the country (great quality of life, high job growth rate, great schools, universities, etc). I think a new home here is a good investment. Tons of people are migrating here and driving up the home prices. Same new house here would cost roughly double in Northern VA, urban New England, a lot of California, etc. I’m glad to get in before I am priced-out completely of the area I already live in. So I’m not too concerned about getting a fixer upper older home.
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