Home buyers today are faced with a fundamental choice: should
they buy a home in an established neighborhood? Or is it better to go for a
never-lived-in home in a new development? Each has its advantages and
drawbacks. Here are some of the top decision points.
An “older” home—a better term would be “resale home”—will
typically be in a neighborhood that is well-established. Many of the neighbors
may've lived there for decades. The character of the neighborhood may be
evident: for example, do most of the other homeowners have teenagers, or small
children, or are many nearing retirement age?
Older homes were built when land was less expensive, so they
tend to have larger lots than today’s newer developments, which places larger
homes on small lots, with very little space between buildings.
Trees, lawns and other vegetation will be mature compared to new
developments, which can seem comparatively sparse and open.
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The Easterbrook Team
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