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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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Q	Fewer than 2 percent of homeowners build this type of home:
A	Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu.
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Phyllis Frankel Realty Group, REALTORŽ, real estate agents and broker for Jacksonville and Ponte Vedra Beach Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Phyllis Frankel
Phyllis Frankel Realty Group
4 Sawgrass Village Dr Suite 100C
Ponte Vedra Beach
Florida 32082
Toll Free: 1-800-999-0245
Ponte Vedra Beach: 904-273-0125
Jacksonville: 904-732-5530
Fax: 904-273-2475
phyllis@frankelrealty.com
When the going gets tough, count on Phyllis Frankel, GRI, CRS, CRP, to get going and sell your home or find the new home of your dreams. It cost no more to use a Top Producer. Let Phyllis Frankel be your agent for Ponte Vedra Beach, Jacksonville and its surrounding areas. With over 28 years of experience and over 2500 homes sold, she has a proven plan to help serve you better. She has earned many local and national designations including #1 in Northeast Florida, The Stanley Norton Award for the Largest Dollar Volume of Residential Sales from the Jacksonville Association of Realtors and the Sales and Marketing Award given by the Sales and Meeting Executives of Jacksonville. When the going gets tough, count on Phyllis Frankel, GRI, CRS, CRP, to get going and sell your home or find the new home of your dreams. Phyllis Frankel has sold a home every 2 1/2 Days, isn't it time you called Phyllis?

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