would u buy a new house for a high price or an old house for a low price but need a full renovation that could cost u the same with the new one?

[Catlixle]

?

[gore]

old one so i can make it exactly how i want it

[lovesound]

 

brand new house 

 

[Soilei]

depends on the interior of the new house

it also depends on where are the houses placed . I'd pick the one that is closer to school for future kids/or my work.

 

but if they're next to eachother and the completely new house has good design.

id buy the new one.

[Sooyoung's Wife]

wouldn't the mortgage for the old house be lower? how bad are the renovations here? would i be able to live in it the moment i buy it for have to renovate it before i can live in it? what area is the new house in? depending on that the property value could either go up or down.

[Catlixle]

old one so i can make it exactly how i want it

yeah i also think the same... and tbh doing the renovation is the best choice, u will exactly knows how much the cost for this and that, rather than being fooled by the property agent/seller.

[Serenee]

Renovation sounds like a pain in the ass. I'd go for the new one.

[Catlixle]

depends on the interior of the new house

it also depends on where are the houses placed . I'd pick the one that is closer to school for future kids/or my work.

 

but if they're next to eachother and the completely new house has good design.

id buy the new one.

 

they are in the same cluster but the old one is cheaper by far (probably 60% than the new one) but the cost of renovation worries me the most.

[Soilei]

they are in the same cluster but the old one is cheaper by far (probably 60% than the new one) but the cost of renovation worries me the most.

and how are the walls of the old house?

id make sure before purchasing an old house on what grounds it was built.

 

there are agencies that you can contact and they help you determine the renovation cost. (there is also a tv show for that)

[Sergeant_Im]

need to consider the land value too

[twicecrushed]

old one so i can make it exactly how i want it

[Deâ„“phina]

Where do you live where old houses are crumbling to this point? 

[MineMuses]

New one

I don't want to buy a house and have to worry about renovating and all that bs

[denizen mars]

Im probably one of the only person in this thread who has actually gone through the process of buying a house

 

I'm currently buying a house that was built in 1950. It was inexpensive, which was a factor, but the main reason I went for that particular age in listings is because I preferred the style to newer places in the same prince range. It's actually been pretty well-maintained for the age, but there is a major issue with the main sewer line (pipes back in the 1950's or earlier were really no bueno). It's going to be expensive to replace, but my agent thinks because it's such a major issue, we will either get the cost minused off the asking price, or the seller will order the repairs. So I think, if you do your research and hire good inspectors, it's totally worth it to get an older, well-maintained place. 

[JihyoStoleMyHeartAYAYAY]

I'll buy a new build house instead