There are pros and cons to both older and newer homes but choosing between the two comes down to what fits your lifestyle, budget, and preferences. Some people seek out an older home or “fixer-upper” due to the lower purchase price or wanting to do a lot of renovation work themselves, while others may only want to do minor updates and are looking for a move-in ready home. There are cost implications with both options. A fixer-upper could be less expensive now but could cost more once you get into the work. A move-in ready home could be more expensive upfront, but you won’t have to put as much month into it and you won’t have to worry about home improvements for a while.