Tree lined streets, architecture that oozes character, and more reasonable price tags – older homes certainly have their advantages.  However, they can also come with their fair share of downfalls.  From upkeep and expenses, to layout and energy efficiency, older homes present their own challenges.  How do you decide if an older home is for you?  Let us help!  Check out our list of PROS AND CONS FOR BUYING AN OLDER HOME.

 

 

Pro: Location, location, location.  The obvious advantage of older homes is that they are often found in ideal locations, close to schools, shopping, and entertainment.  Bonus: those scenic tree lined streets that we all love so much?  They are, primarily, only an advantage of older homes in older neighborhoods.

Con: Maintenance Issues.  More years + more wear and tear = more upkeep.

Pro: Cost. It depends on location and condition, but older homes tend to have a more modest price tag, than their newer counterparts.

Con: Storage – or the lack there of!  These days, we tend to buy and have more stuff than in the past and older homes generally weren’t built to accommodate all of our present-day things.  (Tip: See this as an opportunity to be creative with your storage!)

Pro: Character.  Older homes tend to be rich in character and more unique than newer, sometimes “cookie-cutter” builds. The good news, for those that love the character of older homes, but prefer the maintenance of a new home, is that there seems to be a shift away from this “cookie-cutter” type construction. All across our community, unique homes are being built that just ooze character!

Con: These days, construction materials and trends are much more energy efficient, which means LOWER UTILITY BILLS for just-built homes vs. established ones.

Pro: Larger yards.  In an effort to conserve space and “fit more in,” new homes are being built on small lots, closer to neighbors than homes in the past.  If room to roam (Or garden!  Or play!) is important to you, older is wiser!

So, while it might seem that your dream home, rich in beautiful architecture, is the perfect choice for you, there is still a LOT to consider.  Educate yourself, figure out what is most important to you and your family, and then call us at Ankeny Real Estate Service so we can help you find that perfect place!