Buying a newer home vs an older home often means fewer repair / maintenance issues. From an investment point of view, although older homes such as those built before 1950 are often better built, newer homes tend to require less maintenance. Appliances, water heaters, HVAC systems, roofing, plumbing and electrical systems, might not need to be replaced in a home that was built within the last 5 to 15 years.
Newer homes typically don't require retrofitting, either, like an older home might. Code requirements are sometimes grandfathered in until a repair becomes necessary, especially with regard to water-saving devices or low-energy items. Bear in mind that replacing a shake roof, for example, with a composition shingle roof, could involve removing the underlayment and installing a new layer of OSB or plywood, which drives up the cost.
Buying a newer home vs an older home often means fewer repair / maintenance issues. From an investment point of view, although older homes such as those built before 1950 are often better built, newer homes tend to require less maintenance. Appliances, water heaters, HVAC systems, roofing, plumbing and electrical systems, might not need to be replaced in a home that was built within the last 5 to 15 years.Newer homes typically don't require retrofitting, either, like an older home might. Code requirements are sometimes grandfathered in until a repair becomes necessary, especially with regard to water-saving devices or low-energy items. Bear in mind that replacing a shake roof, for example, with a composition shingle roof, could involve removing the underlayment and installing a new layer of OSB or plywood, which drives up the cost.
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