If you’re looking at older Orange real estate-homes for sale because you love the historical charm or because your budget requires it, there are certain benefits and drawbacks you need to know. Let’s examine the benefits first:
1) Reasonable Price – You’ll find older homes selling for less than a comparable newer home. In some metropolitan areas, the opposite can be true, especially in highly desirable areas where land costs are high.
2) Construction – You’ll find the workmanship and construction materials used in older Orange real estate-homes for sale to be higher in quality. Most older homes feature thicker beams, solid fixtures, heavy wood doors, and thicker walls.
3) Old Town Feel – In an older community,you get to enjoy the ambiance of an established neighborhood as you stroll down the street. If you decide to live in a newer community, you won’t know what to expect besides the builder’s architectural drawings and a creative imagination.
4) Established Landscaping – With older neighborhoods, you can stroll through the community and enjoy full grown trees, bushes, and mature landscaping. Newer homes will take years to fully develop.
5) Charm – Older homes tend to display greater details and character such as built-in cabinetry, artistic crown moldings, and classic wood floors. Newer homes usually lack these charming details unless you’re willing to spend money to upgrade it.
Now that we’ve gone over the advantages, let’s go over the disadvantages of owning older Orange real estate-homes for sale:
6) Improvement Costs – The appliances and fixtures in an older home have endured years of use and will require money to replace and upgrade. The water heater, light fixtures, and faucet handles will need to be replaced.
7) Energy Efficiency – Older Homes are constructed of less energy efficient materials so you’ll spend more on energy costs to keep your home warm in the winter and cool during the summer.
8) Decor – Older homes tend to have outdated wallpaper, paint colors, and flooring. Be prepared to spend lots of time removing and upgrading the decor to suit your taste.
9) Floor Plan Layout – Older homes were built for a different time period so you’ll find smaller rooms and a less functional layout. Unless you plan on remodeling your home, you’ll have to use your creativity to fit a flat screen plasma TV or home office.
10) Lower Resale Value – Unfortunately, older homes tend to sell for less than a newer home of comparable size and features.
If you’re researching Orange Realtors-real estate agents to help you search Orange real estate-homes for sale, give me a call today!
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