After the decision is made to buy a house, many people debate about whether they should buy new or purchase an older home. If you are looking to buy a house in Oakville, you will certainly have options when it comes to the type of home you might be looking for. Interestingly, real estate stats report that the percentage of those who strongly or somewhat prefer buying a newly built home weighs in at 41%. So, for the most part, prospective home buyers still favour existing homes.
What To Consider Before Buying An Older Home
Here are some of the more popular reasons to buy an older home.
- Old world construction. Older homes have stood for decades and tend to have genuine craftsmanship with meticulous attention to detail. You will often hear people say “they don't make them like they used to”!
- Larger yard. Years ago, when land was cheaper, builders built on larger lot sizes.
- More character. Interesting architectural features are more common in older homes such as arches or s...