Consistently ranking as one of the best places to live in the U.S, The Woodlands is the top choice of families and individuals hunting for homes outside downtown Houston. Being a master-planned community, residents of The Woodlands have convenient access to almost everything they need and want in a neighborhood, not to mention the competitive school system in the area.
It goes without saying that the debate about whether or not The Woodlands is an ideal place to live has an obvious answer. But with more new communities under development within The Woodlands, many homebuyers are torn between buying new or buying old.
Old House vs. New House: Which is Better?
As attractive an option The Woodlands new homes for sale are, one cannot help but ask: Is it better to buy brand new? Or are homes like wine that get better with time?
Hopefully, asking yourself these five questions can help you come up with the right choice:
Can I afford it?
Being the first owners of a residential property can be a very empowering and positively overwhelming experience. Just remember that all that shiny newness comes at a cost as new homes are considerably more expensive than existing ones.
But while coughing up 25-30% home is quite the price hike, buying new has the potential to benefit you in the long run. As most modern houses are built to be energy-efficient, you’ll save more on the heating and cooling expenses.
However, if the upfront costs are too much for you to handle, purchasing an existing home is always an option.
How much will the maintenance cost?
Should you decide to purchase an existing home, you must be prepared to shell out money for repairs, upgrades, and replacement – and some of the work may cost you a considerably hefty sum. A brand new home, on the other hand, would require no or very little maintenance at all. If you wish to move in with minimal hassle, a new home is an ideal way to go.
Is it a good investment?
While cost and maintenance are two significant factors to consider when deliberating whether to go for a newly built or existing resident, investment value should also be a top consideration.
Investment-wise, old homes are much safer since they already have a proven track record. You can clearly see on paper how much the property’s value has appreciated (or depreciated) over the years. New homes, however, are more of a gamble. The price could either skyrocket or take a nose-dive. But in case things go south, you will still have a brand new home with up-to-date bangs and whistle, won’t you?
Do I love the design ?
Despite what other people may say, looks matter when buying a home. Even if they offer you the most energy-efficient house on the planet, if you don’t love the way it looks, you won’t want to spend every waking hour of your life in it.
If you’re a fan of history and tradition and Tudor style houses or the like, existing homes may better fulfill these requirements. However, if open living spaces, contemporary designs, and updated amenities are more your thing, a brand new house is your best bet.
Putting The Old House vs. New House Debate to Rest
In the end, it all boils down to what you want. There’s no one-size-fits-all answer to this question. Identify your priorities and work from there. If you have a hard time deciding on your own, seeking the help of a real estate professional should help you arrive with the right decision.