Thursday, July 15, 2010

The Benefits of Owning an Older Home

     When you begin shopping for a home, you may have an idea in mind of exactly what you are looking for. While it can be helpful to be prepared and know what you want, it can also be a problem if you are unable to find what you want. Most real estate agents and those familiar with house hunting will tell you there is no perfect home and those looking for the home of their dreams will need to compromise. If you are unwilling to lift a finger other than paying your mortgage, this may be true. You probably will not find exactly what you want and you will need to sacrifice a few things to get a home that is at the least, tolerable. For instance, you may be looking for a house with three bathrooms and bedrooms, a fireplace, hardwood floors, an in-ground pool, and central air conditioning. This is a lengthy wish list, and you might find that as you search, depending on your budget, you will need to scratch off a few things.
     To get the bedrooms and bathrooms, you might need to get a home with carpet or without a pool. You can choose an option like a modular home and this will give you the option of designing something a little closer to what you want. Custom modular homes can be located on land just about anywhere you want it, and many of the features you may be looking for can be built into the style of home you choose. However, this option may not work for everyone. If you would rather search for an existing home instead of having one built, consider finding an older home for a lower price that you can truly make your own.
      Buying an older home is a big commitment but it works for a lot of families. Taking something that has good bones and is in a location you love gives you a great place to start. It also helps you develop pride in your home because you are building it yourself from the bottom up. You will be creating a unique, one of a kind, personalized living space that is suited for you and your family. Renovating an old home is a lot of work, but it gives you the opportunity to really get to know your home. If you are in there fixing and building things yourself, you are going to have a familiarity with the structure others will not have. It will make you the best caretaker and the best salesman, when and if the time comes. Plus, by renovating an old home, you get a building with true character that will also be precisely what you want. You can add bathrooms, change flooring, restore fixtures and windows, and still mix the original feel of the home with updated, modern conveniences. If you are looking for the perfect home, but you have been unable to find it in a newer home, consider buying and restoring an old house.

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