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Real Estate Tips
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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Real Estate Trivia
Q 
What might happen to the Empire State Building in extreme weather?

A 
The Empire State Building can sway several feet to either side when buffeted by a severe windstorm or rainstorm.
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The Mendenhall Home Team, REALTOR®, real estate agents and broker for Portland, Beaverton and West Linn, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

David & Victoria of The Mendenhall Home Team
Keller Williams Realty Integrity Group

8305 SW Creekside Place
Beaverton, OR. 97008
Office Direct: 503.694.5923
David Direct: 503-730-0150
Victoria Direct: 503-730-7320
Fax: 503-694-5219
David's Email: Mendenhalls@PortlandJustListed.com
Victoria's Email: Victoria@Mendenhalls.com

What separates excellent Realtors from average Realtors? It is core values that support and carry out each promise and proposed action. Without these, promises and actions have little value.

If you are looking to receive the finest in Real Estate Services, interview us and compare. We stand ready to accompany your move with genuine care and emphasis on service. Our promise? We will do what is Best for You!

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