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Is An Older Home a Better Value Than a Newer One

Tuesday, June 1, 2021   /   by Mitch Stein

Is An Older Home a Better Value Than a Newer One

Is a older home a better value than a newer one? There really isn't a definitive answer to this question. You should look at each home for their individual characteristics.
 
Generally older homes may be in more established neighborhoods, offer more ambience, and have lower property tax rates. Someone who buy older homes shouldn't mind maintaining their homes and making some repairs.
 
Newer homes tend to have more modern architecture and systems are usually easier to maintain and may be more energy efficient. People who buy newer homes usually don't want to worry initially about maintenance or repairs.
 
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070.

Mitchell Stein License# 0208163
Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
310-770-4121
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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