Is it better to buy an older or newer house?

Paying more upfront may be worth it for the lower maintenance and utility costs these homes incur over time, but if the high upfront costs don't work on your financial situation, you may be better suited for an older home, as they generally require less money upfront and will allow you to stagger the maintenance of the house. costs. According to the AHS, at a median per square foot, homeowners spent 81 cents per square foot per year on electricity. When you're looking for a new place to live, the first question you ask yourself will help drive the rest of your decision-making.

Should you rent or buy? Buying may seem attractive because you will put an end to rent escalation and you can accumulate capital. But the reality of routine home maintenance and repairs can quickly drain a bank account.

Alison Valentine
Alison Valentine

Incurable tv expert. Lifelong bacon fanatic. General internet trailblazer. Freelance social media enthusiast.

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