Realtor Jargon:
Processing fee -
A fee charged by some lenders for gathering information necessary to process the loan.
Old vs. New

So you know what you like, but do you know what you want? Are you a buyer that loves the old, charming neighborhoods, but you also like a few homes you've seen in that great new subdivision?  Well I have a few ideas that might help narrow your choices.

When trying to decide between and old versus a new neighborhood, first think about the style of house you prefer and then think about your day-to-day lifestyle.  Do you appreciate hand-beveled hardwood floors or is a durable laminate wood look-a-like or  stain-resistant carpet more your style?  You also will what to consider the following:

Cost.  Older homes can have a unique charm, but you may have to budget for higher maintenance costs, while newer home are often much more energy efficient. Not to say you can't make an older home more efficient by putting in new windows and insulation you could give a historic home a "Like" new quality.

Style.  While older homes may be roomier, newer homes can provide a more open layout, more bathrooms and convenient features such as central air.  Also its possible to build a new property with an "old" feel, this allows you to have the best of both.

Location.  Older homes are often in neighborhoods with shaded sidewalks, varied home styles, and LOWER TAXES.  Newer homes offer suburban benefits, but may have longer commutes and/or association dues.

Regardless of the type of home you choose, a qualified Realtor can help answer your question and provide you with information on the neighborhoods your interested in.



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