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Recently I went through generations and compared late 1980s, early 1990s, late 1990s, mid 2000s, new construction (2016). In this area I loved early 1990s most: better architecture, more details, higher ceilings, round windows. Late 1990s is when builders started simplifying things, I see less details and less character. 2000s - just plain boxes mostly with rectangular windows, no more round windows. New construction - pretty good technically, but no character at all. I finally bought an early 1990s house in established neighborhood with mature trees. The house has tons of custom updates and recently rebuilt roof, in a move-in condition. I love it a lot more than a new construction. It was originally built by a hi-end builder at that time. Looks and feels great construction.
Older house doesn't necessarily have to have technical issues: it could have newer AC unit, water heater and updated roof. You can find history of the updates.
[quote=Brian_M;47790960]I'm a fan of restoring older homes... tell me where you can buy this new for $60k:
Heck, tell me where you can buy that new for under $200k (3 bed, 2 bath, 2,200 sq/ft on a 3/4 acre lot ~ and yes that's a 300sq/ft covered patio/entertaining area between the garage and house).
20 or 30 years old doesn't really sound like an old house. But it would depend on whether the house was well constructed in the first place. We recently bought an old house (built in 1947) that needed some renovation (old iron pipes that had corroded so needed replacing and the insulation in that area needed replacing because it was all damp from the pipe leaking plus changed the kitchen floor and got rid of some damaged cabinets) but the house in the main was well-built, good solid wood house with concrete basement and well ventilated. Cost very little money for renovation as we did the work ourselves and the house is definitely worth more now than we paid for it.
I am biased toward new homes versus reworking an older one especially while living in it. I know two couples that reworked/expanded older homes and the arguing/fighting about things was one of the reasons they are both now divorced.
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