Should I Go for a New or Old Home?

Should I Go for a New or Old Home? (Source: Pexels.com - Used as royalty free image)

Let’s say your real estate agent is taking you to see two Lincoln Park homes today – one, a brand new two-story townhouse, the other, an unattached single family home with its own lot, built circa 1900.

Sight unseen, do you have a preference?

When it comes time to find your next Chicago home, you may see both new constructions and older, lived-in properties. The good news is that, if you do your research and consult with the right real estate team, you can’t really go wrong with either type of property. It all comes down to personal preference.

Let’s take a look at some of the differences between new and old homes:

What Are the Pros of a New Home?

Above all, buying a brand new construction offers you the chance to truly make the property your own – there won’t be any unfortunate DIY upgrades or mysterious blemishes to take care of. Instead, a new home is a blank slate for your creative ideas.

Besides a fresh start, a new construction will also generally offer you brand new, top-of-the-line systems. Your home’s electrical and plumbing systems, for example, will both be new and free of wear (and just think – you’ll be the first one to use the toilets!). And a new roof promises to come free of moss, mold, or water damage.

A newly constructed property offers you the chance to make a fresh start in a totally functional space, saving you money and stress on repairs and upgrades.

What Are the Pros of an Older Home?

Ever hear the phrase, “they just don’t make ‘em like that anymore?” It applies here. Older homes tend to have character, and may come with a history – and unique amenities, like old fashioned brick work or custom built-ins – that can’t be matched by their modern, more cookie cutter counterparts.

And don’t forget about the outside of the home. Where a new home may come with little more than a yard, there’s a good chance the previous owners of an older home already invested time and energy in landscaping. On top of that, many older homes come on larger lots, offering you more space to play with.

Whether you want to invest your time in a rustic fixer-upper of slip into an ultra-modern condo, Real Group is here to help connect homebuyers with the Chicagoland place of their dreams. Drop us a line today to get your search started!

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