Materials/Construction. Ever heard the saying..They don't make 'em like they used to? In #stlrealestate, Its often true. Older homes have stood for decades, some centuries, and weathered many storms. Some were built by hand craftsmen with meticulous attention to detail.
Larger Yards. Years ago, land was cheaper, builders built on larger lot sizes, leaving room to accommodate garages on alleys.
More Character. #Craftsman bungalows, #paintedladies, Row-homes, Brownstones, #MCM ranches, even....St. Louis is KNOWN for our well preserved architecture.
Zoning laws and Historical preservation associations often protect older areas. Many neighborhoods won't allow eye-sore changes to the exterior or even typical chain-retailers to de-face & devalue the area.
Mature Trees and Vegetation It's not uncommon to see 50- to 100-year trees providing canopies in yards and boulevard
Closer to Downtown Entertainment and Restaurants Not only do older areas tend to be located closer to downtown areas, but often residents can walk to local coffeehouses, antique stores, and restaurants.
Drawbacks to Buying an Older Home
More Maintenance If it were a "perfect" house, everything would fall apart at the same time. But things tend to go wrong periodically, and there's always something to fix. Chimneys and stone foundations require tuck-pointing. Sloping Floors, leaky basements.
Expensive to Replace Wiring and Plumbing If a home was built before sewer systems, the cesspool might overflow into a sewer. Tree roots break up sewer pipes, collapsed sewer laterals, oh my! Galvanized pipes are rust-prone. Sensitive electronics require grounded wiring, and Romex (a type of non-metallic sheathed cable) can't be mixed with knob and tube.
Smaller Closets, Storage Space, and Garages Before today's concept of "bigger is better," people had less clothing, fewer personal items to store, and often only one vehicle.
Apart from HVAC systems, trendy updates involve pricey kitchen and bath remodeling.
Often More Expensive. Classic and vintage homes generally cost more because of the location, meaning they are closer to conveniences such as schools, mass transit, shopping, and urban amenities.
Smaller Square Footage With the exception of estates, many older homes are smaller in size, even though family sizes were larger when they were built.
Advantages to Buying a Newer Home
Little Maintenance New construction is meant to last for a while, so new-home owners are not likely to install a new roof or replace the water heater. At least not for 10 to 20 years.
Modern Conveniences Many items are standard such as built-in dishwashers, refrigerators, microwaves, etc. The homes can feature on-suite baths in the Master, "man-caves" in the basement. Networked wiring systems for media spaces.
Builder's Warranty New construction tends to come with at least 1 year builder warranty., let alone warranties on the new equipment, systems and appliances that come with the home.
Energy Efficiency: Many homes are built with solar panels that purport to save money on electricity. New appliances use less energy. Walls, ceilings, and floors are insulated. Dual pane windows retain more heat in winter and keep the home cooler in summer.
Built to Code Code regulations change all the time. Consumer safety issues are continually addressed in new construction and conform to current building codes.
Emotional Factor of Newness Let's face it, there's nothing like owning something that's brand new and has never been used.
Less Expensive If the new home is not custom, it's likely to cost much less per square foot than an older home in the city.
Greater Average Square Footage It's typical to see two bedroom homes with 1,000 square feet sell for the same as a two-story, 2,500 square foot home in the suburbs. When builders can't build out, they build up.
Drawbacks to Buying a Newer Home
Tract Homes Have Similar Floor Plans Some say tract homes are identical to each other; they have no individuality. Others prefer conforming areas. So what if your neighbor's house looks just like yours? At least you know where the light switches are located.
Immature Vegetation It can take years for trees and shrubs to grow.
House Settling. New houses settle. It happens everywhere, regardless of the type of soil. Settling causes cracks in foundations, walls and door frames. Builders can be slow to respond to warranty repair requests.
Longer Commuting Distances to Downtown and other Popular areas of #STL. If you want to be where the action is in a metropolitan downtown area or avoid the drive to work in rush-hour city traffic, the distance from downtown might make a difference to you.
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May 11, 2019
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