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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 
Where is the world's longest spiral staircase?

A 
The White County Coal Mine in Carmi, Illinois has a spiral staircase that measures 1,103 feet and has 1,520 steps.
See More Real Estate Trivia >

Roxanne DeBerry, REALTOR®, real estate agent and broker for Allen, Plano and North Dallas, Texas home listings, property and land for sale - NUMBER1EXPERT

Roxanne DeBerry
Keller Williams Realty-Plano

3608 Preston Rd. Ste. 230
Plano, TX. 75093
Agent Phone: 214-676-8040
Voice Mail: 972-733-9250
Office Phone: 972-943-7377
Email: rdeberry@realtor.com

Roxanne DeBerry has over 20 years of real estate experience in Dallas and Collin county. She is committed to staying on top of the real estate market at all times through continued growth and state of the art technology. Call Roxanne DeBerry today! Her professional team will give you that personal touch in your real estate needs!

CRS ePro Equal Housing REALTOR RELO


Keller Williams Realty-Plano  real estate and homes for sale in Allen, Plano and North Dallas Texas

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