The kind of house that you’ll buy is dependent on a number of factors. You may have very strong views about the age of a house, or it may simply come down to a combination of different factors. Following are the main advantages and disadvantages associated with each kind of property;
Advantages to Buying an Older Home
. Traditional construction
Older homes were generally built using stone by experienced craftsmen, some may argue that you’ll get a more solid house due to these factors.
. Larger gardens
Land was certainly much cheaper back then, builders could use larger lot sizes, resulting in more space for gardens, garages/sheds etc.
Original features such as ceiling beams and open fireplaces can be very attractive selling points for many people.
. Local traditions
Generally speaking, many older houses have been owned by the same families for many generations. The houses are passed down through the years, and neighbours are unlikely to move frequently. This often allows for the development of small communities within an area.
Disadvantages to Buying an Older Home
With an older house, you can usually expect a little more ongoing work. Roofs and walls will need updating as necessary, and many older properties may have old heating systems and wiring. All of which can be expensive to update.
. Smaller storage spaces
Years ago, when possessions were limited, people did not require large storage areas. In today’s world, adequate storage can be an essential requirement for many families. With older properties, cupboards etc. can be much smaller. Also remember that ceilings are generally lower in older properties, while people are generally getting taller!
. More expensive
It’s not always the case, but many older properties can be more expensive due to their location (often rural) and you will pay for the traditional features.
Advantages to Buying a Newer Home
. Lower maintenance
With new builds, modern wiring and heating systems will have been installed, walls, roofs, windows and doors will also be brand new, so you shouldn’t have to spend much on ongoing updates.
. Modern appliances
Many newer properties are sold with fitted kitchens and in-built appliances included in the price, for example; cookers, washer dryers and fridge/freezers. The process of buying these items separately can be very expensive.
Many builders/property owners will offer incentives such as cash back, part exchange or will even pay the deposit for you. All of these can be very welcome options, especially if you are buying your first home.
In newer homes, walls and roofs will have been insulated, and double glazing and central heating fitted as standard. You may also have the option to have solar power pre-installed. This can save a large amount on your bills and help you to become more eco-friendly at the same time.
Disadvantages to Buying a Newer Home
. Identical rooms
Although some people like the simplicity of equally proportioned rooms, most houses on a modern estate will be virtually identical in size and floor plans. This can be very off-putting for those who prefer a unique home.
. Small gardens
As with the room size, generally speaking, newer houses will have smaller gardens. Land is now more expensive to buy, so builders have to work with much smaller plot sizes.
This may not be immediately apparent, but new houses will settle. This can occur anywhere, regardless of the location or type of soil they’re built on. Settling can cause cracks in foundations, walls and door frames.
So, clearly, there are advantages and disadvantages with both newer and older properties, at the end of the day, it may just come down to your personal taste and requirements. Before you buy, try to view a selection of old and new houses, until you find what works best for you.