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Pros and Cons of buying an Older Home or Newer Home (first time home buyers)
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- čas přidán 13. 09. 2018
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My Spanish style home was built in the 1930s but my seller upgraded the bathrooms/kitchen, got rid of the aluminum wiring and plumbing, and it passed inspection with flying colors. No asbestos or lead. I don’t mind that the house has been previously owned. I’m thankful! Now I can reap the benefits of their hard work.
I love the history of it, the idea that this house has withstood so much time. I walked in there and felt like “oh, this house will protect me and my family”. I get it inspected annually just to be safe, but so far so good (knock on wood). Newer houses all look alike to me. There’s nothing special about them.
I’m bingeing your videos between flights and you’re great. Very insightful!
I love an older home too!
same..when we were still on the stage of looking for a house..old and new house games you different emotions. like when you enter a new house you are amazed by the fancy design with lots of space but when I entered an old house it gave me a homey vibrant that reminds me of my childhood when everything is simple and ultimately happy.
I was taught that within homes don’t look at aesthetics. Look at the “important stuff” such as foundation, pipes, load bearing walls, ect. The “important stuff” are things that will cause either a HUGE cost or things that you can’t change. Where as Aesthetics constantly change over the years and are ever evolving.
Interesting video. I just decided to move to an older home, I traded my house from the 90’s to a home in the 60’s. It’s been kept and loved by its owners very well. The last owner did a lot of updates too even added solar. I wanted a bigger yard and more character. I will no longer have hoa so my payments will be less
I love how knowledgeable and professional you are in your videos. I also like that while your videos are meant to be informative, you still show a little of your personality in each of them. And what I appreciate THE MOST is how upfront you are about what is your opinion vs what the industry standard is. Your transparency and honesty make me trust what you're saying all the more.
Here in and around New York (New Jersey etc) our homes are as old as built in the late 1800s, early 1900s. They have SO much charm but man are they work.
Would be curious to see her response, they don’t go quite as old here in Phoenix.
@J B We're about to do inspection saturday so i can follow up! I do currently rent in a 1922 townhouse in Queens, NY and i can tell you one of the biggest recurring issues we've had is the electrical wiring. In one case, an entire connection was straight up just.... missing. We have a ceiling lamp that can hold 3 bulbs, only 1 turns on. I've also been told plumbing is another often problem, so we're doing a sewer scope for our contracted house in addition to reg inspection.
Yes, im from NJ. Many home are old as hell. I dont want to walk into a house full of maintenance issues so ill stay away.
My whole street has early 1920’s homes. Mine is from 1920. I went into the basement and saw a dude’s name and a date in 1950 carved into wood. When we redid the dining room Sheetrock, again 2 names and a game of tick tack toe behind the plaster with a date in 69. It’s charm and it comforts me knowing that this thing has been a home for many families and kids before I. It’s been a lovely house and I absolutely love it for it. Would never trade it for a new one.
Great advice. But just my two cents, I found the background music a little distracting, especially towards the end of the video where it got louder and louder.
I used to have it much louder and I have since adjusted it. You are the first person to tell me that since i've adjusted it. I do make the last song louder so I can end it with a bang. But thank you for your feedback!
Better without music at all.
Tom Bell yea..same here
I would agree these , I want to listen carefully the last thing I want is music in the background 😎
I agree music a lil too loud
You're the man. I'm buying a place in 6 months, and its great to get this kind of info before I reach out to a realtor and get the process started. Super friendly advice :)
John Holmes thank you man! Best of luck on your home search
I would say one more pro of newer homes is that they are more energy efficient.
@@Jmack1lla Of course then there is no difference. But isn't there a difference in the materials used in 1950 and 2020? Wouldn't that make a house more efficient.
@@Jmack1lla still there would be a difference between 70 year copper and 1 year old copper.
You can redo the inside of the home... you can't change the plot size.
I love my tiny 70 year old home. All houses around are from early 1950s. Because it’s old I didn’t have to worry about ‘crumbling foundations’ here in CT. We can tell it was upgraded around 80s/90s, kitchen, finished basement, added detached garage and central air was installed which was a great find. CONS; it seems like it wasn’t upgraded since, just maintained. So all mechanicals have to be replaced sooner rather than later. We already have slowly started this expensive process but we’re still really pleased with the house.
Good information man. I've been watching your videos so I'm not completly blind walking into buying my first home .
Thaknk you!
Watching this made me lean more towards a newer home. I do not want to go through the headache to fix things within the walls and plumbing etc...
No guarantees even with new construction. Trust we went through it brand new
@@LoveNLight1111 why is adulting so hard 😫
@@aaronvcgaming8856 at least with a older home you know they used quality materials and built them to last. Now they throw up a house in 3 weeks and cut a lot of corners.
💯
Older homes fit my design aesthetic better. Newer homes just feel extremely bland to me.
Because they are. They all look the same and have no yard space-you could throw sugar to your neighbor and they could catch it in their house in these new additions.
1978 lead based paint
Didn’t expect that Donkey Kong ending lol
always donkey kong ending in this channel
Thanks for the Donkey Kong outro. Brings back memories
Lead based paint was banned in 1978
I would love a new home, but the locations are usually on the outskirts, which means you need to drive to get anywhere. Some of the streets don’t even go straight though, probably to reduce car traffic, but it makes it worse for walking and even annoying for driving. Maybe it matters less in desert environments, but I love being able to walk around town, which saves me some money, gets me some exercise and reduce the amount of driving I have to do.
the lead law was 1978, not 68
thank u for putting everything in a nutshell for a virgin homebuyer like my bf and i. im more into the older homes cuz i hate HOA, but my bf is leaning more towards newer homes. pray for us
Excellent video I really love you videos you voice is very clear and focus about the facts you talking about ... 10 stars ... good job ...
Thanks Oscar! This is one of my older videos, check out my newer ones!
Great video! I wouldn't mind a newer home since my family is small. Also i don't mind if other neighbors' house look the same. I won't lose sleep over that. But hey, i love that low key Donkey Kong music at the end LOL keep it up sir
Dose and inspector tell you when there's a health hazor in an old home?
Do a video on refinancing a home what to expect step by step
I think I will do one with my lender partner as I am not so sure!
This is a great idea
Hi, my brother is an agent in AZ with My Home Group, too. Thanks for the info.
Donkey Kong outro. Nice touch from 3yrs ago.
Hi
Thank you for all things you are saying about housing, please can you give your advice on buying a condo, the pros and cons
Thank you for all you do I’m learning from you
Thank for the great advice. Keep the great content creator video. 👏
😬... I’m worried about exorcist and demons up in that house
Same here
Older homes for sure LOL
😭😭😭😭
Lol. I was talking about older houses with my boss and how I LOVE older houses. But they can often come with so many issues that it’s more money than anyone can afford. And he said, “Well, ya know what you get when you buy an old house...”
I said, “Other people’s problems?”
He said, “Nope... well, yes, but also...”
Me: “Ghosts?”
Him: “Yes! 👉🏻 Ghosts! That would be so awesome!”
Helpful, very helpful. Thanks Javier
So I made a repair list after the inspection. Turned it over to the lawyer. Received by the seller. Waiting on a reply. No reply yet, but I want to back out. Is it too late to back out?
Not sure, we dont use lawyers here in AZ
Are you in cali? What happened did you back out?
1978 is when lead based paint was banned, not 1968.
Love donking song 😊 thanks for your professional info
Your videos are really helping me as my fiancé and I begin the process to buy our first home, do you have any realtors in NJ that you could recommend? Thank you
What do you think about the idea of using Redfin to buy a home for the first time?
Erica Trinidad hey I’m all for doing whatever you need to get in a home. You should also chat with another agent just to make sure you see what each has to offer, and if Redfin offers something better than go for it. In my experience, a realtor does a better job though.
@@JavyVidana thanks for the advice!
Can you do a video a how to maintain a new home ?
Thank you for the video.
Sorry, I didn't hear very well; you said it very fast. Did you say that houses older than 2005 wouldn't have that lead danger??
old material and some ppl do add on old homes and do it cheap and cut corners tht is why i dont want a old home
I think you did a video on this but I couldn’t find it..... if I get approved for a home loan at a credit union in my state can I buy a house in another state ???
Check out "How to Buy a Home in another state" czcams.com/video/c0FVVbTH-5E/video.html
Very helpful information
Is it hard to sell home in HOA community???
It can become difficult when there's an expensive special assessment. In my case there was soil slippage and our home was on the edge of a mountain. It became very costly in terms of the up front cost (4k & 2k within the same year, and then a few hundred dollars extra per month to the HOA). We had a sub and master association, hence the two separate fees. If you couldn't afford the fees you had to find a buyer that was willing to cover those costs up front on top of the sale of the home itself
I like your video thx
we looking for investing buying house then rent it out
but we want affordable house price
but we want to know if is old house the maintenances would be more since it’s not new house or how does that maintenances work ? Thx
Love this man
Javier, how often do you find that buyers can negotiate on price when buying a new build?
Paper & Plates that’s an interesting question because with new build you almost never have any leverage. After upgrades and everything you are at their mercy. Maybe if you find a spec home they haven’t been able to get rid of you can get them throw in stuff like the appliances for free (I got them to install a new refrigerator, washer, and dryer).
In in Houston now have a new build .. my house was built in 2018 .. hoa cookie cutter 🤷🏽♂️ .. I love my house but in interest in moving to the “country” .. lol
Not really the country but just out the city .. I want a decent house on a big lot .. like 2-3 acres but not to far from the city … anyways, We’ve been looking and pretty much all the homes in the market that are affordable are older home(50’s-90’s) .. so of course I’m thinking of everything that could be wrong… how long do wood studs last? How long does plumbing and electrical lasts? Etc… my house is new so I planned not to worry about any of that stuff for a real
Long time .. what are some things I should
Look for? Is it worth buying an older home or not worth the headache??
I as doing the same in Nashville. I wanted a house with 2-3 acres. Our problem is that anything that's affordable doesn't have high speed internet! lol
1978 they passed that law not 1968.
That shirt is rad!
He pulled it off didn't he?
Sharaud The SkyWriter I think he kept it on for the entire video. This is real estate video, not a burlesque show. J/k, just a silly play on your words.
How much did it cost to hire the jazz combo playing in the background? Made it hard to hear what you were saying. Not sure why the music is necessary. I stopped watching halfway through, tbh.
Another PRO about an older home.....They built them with plywood and not the cheap Chip board.
Okay you call older home built in 60& 70s what do you call a house built in 1920?
I know. Mine was built in 1936.
Probably 80s and before
Hoa provides money for the builder it was a boon for them with long term profits.
"It's a newer house so odds are it's not gonna be as old"
Hm, yes : )
Good information
The music was really distracting
I hate hoas and track housing. Why are we destroying this precious desert to make profits with luxury rentals and housing divisions? And then everybody wants a panera bread within walking distance?
Hey my friend what's better buy a home build 1989 or 1959 for 10000 dollar less?
Great question. So many factors to consider in this equation, which house has more recent renovations? Which one has a better school district? Which one has a neighborhood with more lifestyle activities? A house that was build older but has had more recent renovations might be worth more than a house built in 1989 that was never renovated.
Older homes can yield unexpected surprises,.....like decaying human corpses in the walls!
Nice haircut. Your dreamy eyes gets me lost so I have to watch it a few times.
Xisco Dies oh yes I’m sure my basic brown eyes are dreamy lol..
I’m in a new home it’s our first and I’m over it. I want an older home. I don’t like it
What is it about the new home you don't like?
Why??
I wish you were in my area. Could you help me find a realtor in my state please
Oh CZcams, please put a ban on the background music for god sake
Hey any agent in MD you would recommend??
I don’t I’m sorry.0
My house was built in 1920. Can’t relate😂😂
Hey Javier I just had a question for you. I know you work in Arizona and idk if you’d be willing to answer a couple questions for me. If not I understand I’m just in a tough spot right now with my home buying experience and could use a hand to answer my question honestly!
Ernie Rivera shoot your question it’s the inter webs lol...
Do you know of any great realtors in Pennsylvania?
Colleen bansemer i just bought a house she was so attentive to my needs quick to reply and when things were going wrong in my opinion went well over and above to help sort it out not to mention she helped me out so much shes so willing to drive all over the city if its its something you want to look at she was honestly a god send im sure she could help you to
Music is distracting man lower it please.
Yes let me go back 2-3 years ago when this was posted and lower the music down for you.
@@JavyVidana Thanks 😉😁
. nice
You are taking so fast my friend, please slow down a little bit, thanks
HOAs should be illegal
How much would you pay for a, very nice and remodeled, 100 years old home?
Hector Cruz how much would you pay for a bottle of 99 cents wine?
Donkey Kong country theme song
Pex is not better and the bones of new construction are trash
That’s Donkey Kong song
Track homes suck.