 SAFETY
Newer homes must hold to up-to-date standards for structural constancy, energy protection and general security, especially with regard to electrical systems, fireplaces and heating equipment. Also on the plus side are the lacks of general wear, modern design features, modern conveniences, and of course, the builder's guarantee.
APPRECIATION
Newer homes are often found in imminent and developing areas, where value approval may be more pronounced than in localities where older homes are found. Thus, in many cases, there can be asset advantages with a new or comparatively new residence.
ENERGY EFFICIENCY
With growing value costs, lack of energy efficiency in an old home is also a major consideration, and promotes in this area can be cost excessive. Lagging in ceilings, walls and floors is often inferior or nonexistent, and old-style windows waste heat almost as badly as if they were open. Old heating equipment is naturally not designed for efficient use of fuel, requiring more money to create a given amount of heat. Also, with old heaters, safety problems are more likely to happen.
CRAFTSMANSHIP
People often suppose that workmanship in past generations was better to what is practiced in today's workplace. Given the value disparagement in much of our culture, this is probably true in a general sense. But to relate this as a blanket censure of current construction quality would be a serious mistake. Good and bad craftsmanship have had their place in every period, and builders with skill and honesty are by no means an extinct species.
AFFORDABILITY
It should be noted, however, that the immediate savings in the purchase of an existing home may be lost over time when repairs, renovations, nuisance control, and lower appreciation are taken into account. Generally, re-sale homes are more affordable that their newer complements. This is simply a function of supply and insist, and the economic realties of the real estate market.
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