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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 
What is the world's tallest monument?

A 
The stainless steel Gateway Arch in St. Louis, MO, designed by architect Eero Saarinen and costing $29 million to build, is 630 feet high.
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Karen Marshall & The Karen Marshall Group, REALTOR®, real estate agents and broker for Pittsburgh, Washington County and Allegheny County, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Karen Marshall & The Karen Marshall Group
The Karen Marshall Group / Keller Williams Realty Pittsburgh South

1500 Oxford Drive, Suite #300
Pittsburgh, PA 15102
Pittsburgh, Washington County and Allegheny County
412-831-3800
724-969-4900
Fax: 412-831-9964
karenmarshall@NUMBER1EXPERT.com

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