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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 
Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?

A 
Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria.
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The Darlene Hammond Team, REALTOR®, real estate agent and broker for Pensacola, Pensacola Beach and Gulf Breeze, Florida home listings, property and land for sale - NUMBER1EXPERT

The Darlene Hammond Team
Re/Max America's Top Realty

2777 Gulf Breeze Parkway
Gulf Breeze, FL. 32563
850-572-2615
850-934-4449
Fax: 850-934-4409
Email: darlenehammond@remax.net

The Darlene Hammond Team's commitment to the Pensacola, Gulf Breeze, and Pensacola Beach areas goes way beyond just buying and selling real estate, we are about building lasting and meaningful relationships with the our customers, neighbors, friends, and associates in the communities of Northwest Florida.

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