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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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Q	What is currently the most sought-after amenity in the majority of upscale homes?
A	Technology that "enables" a home with features such as structured integrated wiring and broadband Internet access is the current amenity of choice.
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The Christa Michael Team, REALTORŽ, real estate agents and broker for Woodstock, Marietta and Roswell Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Christa Michael Team
Keller Williams Realty Consultants
695 Mansell Road, Suite 120
Roswell, Ga. 30076
Cell: 770-598-7771
Office: 678-287-4800
Fax: 404-745-8918
Email: christamichael@NUMBER1EXPERT.com
Christa has been a realtor for eleven years and currently specializes in residential and commercial sales, both in the US and Internationally. She has been a Multi-Million Dollar Producer for the last eight years. Out of 26,000 agents, she was chosen to be a Premier Agent and has been awarded the Beyond Excellence award for two years. She received the Presidents Award in 2006. She has served as a State Director for the Georgia Association of Realtors and is a member of the International Real Estate Council of Georgia. She is also a delegate for the Governor of Georgia's Economic and Development Mission to China. Christa is a strong believer in customer service. For local movers, she provides a moving truck for any client that buys or sells with her. She also gives her clients the option of hosting a house-warming party for them.

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