The answer to this stems in personal preference and varies greatly from one person to the other based on what he or she values in a home. You should look at each home for its individual characteristics. Generally, older homes may be in more established neighborhoods, offer more character, and have lower property tax rates. People who buy older homes, however, should be prepared to maintain their home and making some repairs. Newer homes usually have modern architecture and systems, are usually easier to maintain, may be more energy-efficient, and can often be move-in ready. People who buy new homes may appreciate warranties that accompany their home systems or not want to be concerned with potential renovations and repairs in the short term.