October 25, 2018
Buying an old home doesn’t have to be as scary as it might seem. Here are the top 5 myths about buying an older home!
Myth 1: Old Homes are Dark and Dreary
When looking for an older home, most people believe that older homes need a lot of TLC to get out of the dark and dreary stage. Although that is true for some older homes, . All you need to take care of the dreariness is a new coat of paint, or to change out the light fixtures.
Myth 2: Older Homes Have Cracks and Creaks
Older homes actually tend to have better construction than new construction homes simply because of the quality of materials. Older houses are unique and built individually, and aren’t prefabricated designs like the homes built today.
Myth 3: Older Homes Don’t Gain Equity Like New Homes
We all know that older homes can easily be outdated, which can be reflected in the home’s appraisal and sale value. This is actually great news for anyone who is not afraid of a renovation project. .
Myth 4: New Homes Have Better Bones
We’re not talking about the skeletons you might find in an old home, we are talking about the home itself. According to “the median size of a new home increased from 1,938 square feet in 1990 to 2,300 square feet in 2016, but lot sizes during this same period decreased from 8,250 square feet to 6,970 square feet.” If you are looking for a , take a look at an older home.
Myth 5: Older Homes are More Expensive
According to a study by Trulia,