If you had a choice, would you buy an old house (earlier than 1960) in an established neighborhood (family oriented, safe place, etc.) or a new house (2003 or later) in a newer neighborhood?
Let's assume that the price difference for each house is somewhere between 20 to 30k, with the newer house higher in value.
My take on it is that as long as the older house is still solid and does not pose any problems, then it would rank higher on my list compared to a newer house. I think that a newer house does not necessarily translate into something good if the neighborhood is crappy.
Let's assume that the price difference for each house is somewhere between 20 to 30k, with the newer house higher in value.
My take on it is that as long as the older house is still solid and does not pose any problems, then it would rank higher on my list compared to a newer house. I think that a newer house does not necessarily translate into something good if the neighborhood is crappy.
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