here are a number of shopping) make the neighborhood
things to consider when very convenient. Plus, you’ve
you’re buying a home. Where probably heard that most new
do you want to live? Do you want homes appreciate faster.
to live in the suburbs? This can
obviously affect your commute. Is However, from an investment
this a neighborhood where you standpoint, pre existing homes
want to live? Don’t forget to can offer just as much, in some
consider the investment value of cases even more opportunity for
where you want to live. Make sure appreciation. Older homes are
the area has seen consistent generally closer to the city,
price appreciation. which means convenient areas.
Then many older homes actually
I addition, there’s the question have better quality construction
of what type of home should you than today’s newer homes. On
buy. This will depend on your older homes you may find slate
lifestyle, but be sure you are roofs, copper gutters, chimney
buying the right type of home, in flashing and hardwood floors.
the right area, based on Finally, older neighborhoods are
investment value. After all, established, which means, “what
buying a home is also an you see is usually what you get.”
investment.
Some say that newer homes are But, older home may not have the
better investments. After all, newest style. The kitchens and
they’re brand new, everything is bathrooms could be outdated.
sparkling. They have current Finally, newer homes are usually
architectural styles. The new maintenance-free, while you may
neighborhood amenities (such as, have repair bills with older
pool, recreation centers and homes. Newer homes have downsides
too, including the possibility of Consider that the largest
poor workmanship, poor location percentage of buyers end up
or unsettled. buying a single-family homes.
Most families have children and a
Your real estate professional can lot of things to store, so they
help you make the best decision. want single-family homes with
Both older and newer homes have more space. Therefore,
advantages and disadvantages, but single-family homes are often
both can be excellent easiest to resell and have higher
investments. price appreciation potential.
Town homes and condominiums also
Should I buy a single-family can offer excellent investment
home, condo or town home? The opportunities. Make sure you buy
answer to this question depends one in an area that is likely to
upon your lifestyle and each type see price appreciation. Real
of home has different investment estate is about location. Your
potential. If you have a growing real estate agent can help you
family, then avoid a condo. If with this evaluation.
your family is small, you may not
need the space of single-family Please remember, you can contact
home. A condo may offer you a me any time for advice at my
better fit.. website BruceSwedal.com.
About the Author:
Bruce Swedal is a Littleton Colorado Realtor providing professional real estate services to the Littleton real estate market. Visit for your FREE online Denver Home Search.
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Bruce Swedal
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