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how important is the age of the home when buying?

how important is the age of the home when buying?

Today, we’ll talk about the importance of the age of your home when buying. You may not want an older home because you are looking for a newer neighbourhood, or you may prefer an older neighbourhood with mature trees. Older homes also have different character than newer homes.

First, you need to know that the age of the home doesn’t affect its appreciation. You may find a neighbourhood that is depreciating rapidly, but those neighbourhoods are far and few between.

Next, any home you buy, you can upgrade. You may need to make changes for energy efficiency, layout, or other updates. I have seen older homes updated with new windows or roofs to make them more energy efficient. Sometimes making these upgrades yourself makes your property more energy efficient than new construction homes.

You can change almost anything in a home, no matter how old it is

My appeal to you is to go with what suits your personality. Don’t let the fact that a home is 50 years old keep you from buying it. The neighbourhood should play a bigger factor in your decision than the age of the home.

If you have any questions, give me a call on 0451 778 578 or send me an email at kevin@redstarrealestate.com.au. We look forward to hearing from you!

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kevin

Kevin co-founded Sunnyville Property Management and is a successful Real Estate Sales Consultant in Outer Suburbs of Geelong with a focus on Lara. He shares his ideas and answers to commonly pondered real estate myths at redstarrealestate.com.au. Kevin is a father, idea generator, tech-savvy, golfer licensed real estate agent and motorcycle rider.

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