Paula Henry

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Older Homes May Be Less Costly To Maintain Than New Homes

May 6th, 2007 categories: Downtown Indianapolis, Indianapolis Real Estate, Indy Home Buyers

Indianapolis Historic HomesOne of the major reasons to keep an open mind about older homes is that all homes — new or old — require maintenance.

Older homes and neighborhoods have a unique charachter and quality about them which is hard to replicate in newer home subdivisons.

I love the look and feel of the Downtown Historic Neighborhoods. But, you don’t have to live downtown to find great older homes throughout the Indianapolis area. Regardless of whether you buy a new home or older one,  you should always hire a home inspector to examine the insides and outsides of a prospective home. 

A quality home inspector will provide you with a full report on the property, its fixtures, and its appliances.  The cost may range from $150 to $800 depending on the size and level of work involved.

Regardless of cost, a home inspection can provide a buyer with a rough idea of what ongoing maintenance costs will be incurred post-closing.  An older home with new mechanicals and a roof under 10 years of age may be less costly to maintain that a newer home that is not well-built.

They just don’t build them like they used to. 

When buying any home — especially your first — have reserves for maintenance costs and for normal wear-and-tear.  It may be new today, but nothing lasts forever.

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This entry was posted on Sunday, May 6th, 2007 at 10:37 am and is filed under Downtown Indianapolis, Indianapolis Real Estate, Indy Home Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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