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Real Estate Tips
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.

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Real Estate Trivia
Q 
What was considered the world's tallest building one hundred years ago?

A 
The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures.
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Maggie Chen, Real Estate Professional, real estate agent and broker for Windsor and Essex, Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)

Maggie Chen
LC Platinum Realty Inc.
150 Ouellette Place
Windsor, ON N8X 1L9
Cell: 519-919-2398
Office : 519-972-3888
Toll Free: 1-855-972-3888
Fax: 519-972-3898
Email: Maggie@lcplatinumrealty.com

A solid background in both mortgages and real estate plus a total dedication to CLIENT SATISFACTION explain our great sales success and our many satisfied customers. Maggie knows the Windsor/Essex area completely, listens to your hopes and dreams, and then converts them to tangible reality. Before you decide on any course of action involving Windsor/Essex Real Estate, talk to Maggie. You won't regret it!

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Deerbrook Realty Inc. real estate and homes for sale in Windsor and Essex, Ontario

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