Newer homes usually have better insulation and cost less to maintain. If you don't have any major appliances or furniture then you may want to look for a home that comes with such amenities. Maintenance Maintenance costs can add a lot to a homes price. What seems like a deal can become a burden. New homes usually come with a one-year warranty for the repair of problems that develop as the house's foundation settles.
Older homes have higher maintenance costs.
Remodeling Costs Again, if a home needs remodeling or major renovations, it can turn into a nightmare. It can also be very rewarding too. It all depends on how much money you are willing to put into your new house, and how handy you are with tools. Taxes Taxes are just another factor to add into the total cost of your home. Newer neighborhoods often times have lower taxes.