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Should You Buy A New Or Used Louisville Home For Sale?

By Family Realty, LLC

One of the biggest questions you should ask yourself is if you should buy a new or used Louisville Home For Sale because, although most home buyers want to buy a new home the reality is that both new and used homes offer buyers both positive and negatives.

In this article we will break down the differences between both new and used homes so you will choose the right Louisville Home for you.

Pros and Cons of New Louisville Homes

Pros:

Some of the pros which come from buying new construction include:

  • Contemporary design / style.
  • Easier and more affordable to maintain.
  • Extended warranties.
  • More affordable to live in thanks to newer and energy efficient construction.

Cons of new construction:

  • “Cookie-cutter” features / design.
  • Limits on your negotiating room.
  • Potential homeowner’s association (HOA) dues.
  • Less character than an older home.
  • Limits from the homeowners association on what you can or can’t do to the home.

Pros and Cons of a Used Home

Pros

Although older homes are certainly not “new” by any means they do come with many options including the following:

  • Older homes to choose from.
  • Older homes have more character and unique features.
  • Prices might be negotiable if the home needs renovation or work.
  • An older home will be built in a well-established neighborhood and there won’t be any questions as to who your neighbors are.

Cons of an Older Home

Yes, most people dream about living in a Victorian, Craftsman, Ranch or Colonial style home but they do have some cons to think about including:

  • An older home might need renovation when you move in since it will possibly have dated features.
  • Homes which are 30 years old, or older might not have energy efficient features or appliances
  • The home has been lived in, possibly for many years and you won’t really know the condition of the home until you have it inspected.

Learn More about Louisville Homes for Sale

To learn more about homes for sale on the Louisville Real Estate market, or to search for homes in your neighborhood, contact us today by calling (502) 458-4100.

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