Resale Value of New vs Older Homes
Over the last two blog posts we’ve discussed some of the differences between buying a new home versus an older home including the differences in floorplans, and we provided you with in-depth information on Mello-Roos, the additional assessment you may be required to pay if you purchase a home that was built between the 1990s to today.
In part three, of this three-part series, we’re going to discuss the resale value of new homes versus older homes in Southern California.
The Age of a Home Alone Doesn’t Just Affect Its Resale Value
One of the top questions that home buyers have is if a new home will offer a better resale value than an older home?
The reality when it comes to resale value is that there isn’t a big difference between newer homes versus older homes.
What we want to look at in terms of resale value are other metrics like the city, location of the home, school district, crime rate in the area, floor plan, square footage and what comparable properties in the area are selling for.
There are so many factors involved when it comes to the future, potential resale value of a piece of real estate that you’re going to buy so the age of the home really doesn’t matter that much.
At the Fred Sed Group, we take a look at all of the data and provide our clients with a comprehensive picture about a home just so they can have confidence that it’s going to be the right property for them to purchase.
To learn more about the differences between buying a new home versus an older home, or to view homes for sale in Southern California, contact the Fred Sed Group today by calling us at (800) 921-9231 or click here to connect with us online.