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Real Estate Tips
Buying Land and New Construction >Buying New or Buying Old

New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.

Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.

New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.

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Real Estate Trivia
Q 
What home product makes lawn mowing easier than ever?

A 
The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself.
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Paragon Property Group, REALTOR®, real estate agent and broker for Austin, Lake Travis, Horseshoe Bay, Marble Falls and Lake LBJ, Texas home listings, property and land for sale - NUMBER1EXPERT™

Sue Ellett
Coldwell Banker United, Realtors

Marble Falls, TX 78654
Lakeway, Texas, 78734
Cell: 512-422-7182
Main: 866-693-7741
Fax: 214-445-0764
sueellett@NUMBER1EXPERT.com

As a Real Estate Broker, being a true partner to my clients in achieving a common goal ~ whether than is Buying or Selling Property, is of the utmost importance. All of the agents on the Paragon Property Group Team share this goal and a commitment to treat all parties fairly, honestly & with the greatest respect. We are here to help, to be your trusted resource for the Austin/Highland Lakes areas in the Central Texas Hill Country, and to achieve your goals with the best possible results, and in the least amount of time. We look forward to working with you!

REALTOR ePro Equal Housing SRES wcr


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