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GfZ&'Estate
Eileen M. Day hbactow
COMPETING AGAINST
NEW HOMES
If you are considering selling your older home but are worried about competition from new homes, here’s something to think about.
Generally speaking, whether buyers choose to loojc at new or resale homes, there are tradeoffs in both directions. Older homes usually offer more living space for the dollar and are usually built on larger lots. Because developable land was more plentiful in earlier years, builders also had a greater choice of where to build. Therefore, the location of a resale home may be more desirable. Also, there is no guesswork in action. Landscaping has matured, neighborhoods have formed and a buyer doesn’t have to be concerned about how the area will develop. It already has.
On the other side, new homes may be more energy-efficient and require less repair and maintenance.
How does your older home stack up against new home offerings? Your best bet would be to have an experienced residential agent provide you with a current estimate of its market value.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN m’ DAY, Realtor, The Clopton House Washington, VA. 22747. Phone: 6753400. We’re here to help.
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