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Buying Land and New Construction >Buying New or Buying Old
New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.
Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.
New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.
Marty Weil Group RE/MAX Equity Group 9790 SW Nimbus Ave. Beaverton, OR 97008 Phone: 503-680-4868 Email: Marty@MartyWeil.com
“We both feel grateful that we found an agent who was not only skilled and knowledgeable…, but also a genuinely considerate person." Marty Weil (pronounced “while”), a native Oregonian, has been providing exceptional service to real estate Buyers and Sellers in Beaverton, West Portland, Tigard, and the surrounding areas in Oregon for almost 20 years, ranking consistently as one of the highest producing agents in the local industry. In today’s market, having the assistance of a Realtor® with extensive experience is more important than ever.
It is Marty’s integrity, expertise and in-depth knowledge of our local market that enable him to so successfully represent both Buyers and Sellers. Marty’s past clients’ high level of satisfaction bears testimony to the exceptional service he provides. He is committed to helping clients seven days a week and making the home buying or selling experience enjoyable and stress-free.
If you expect exceptional service and the highest integrity from your Realtor®, give Marty a call at 503-680-4868, or send him an email today.
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Beaverton, West Portland and Tigard, Oregon
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