New versus old? When it comes to choosing a winner from the wide range of properties to buy or rent on s1homes, it’s always going to be difficult.
But there are strong hints that could point you in the right direction. Firstly, what kind of person are you?
If you love classic cars and watching comedy classics on Dave, chances are you prefer the style and substance of a traditional home.
If, however, you can’t get enough new tech in your hands and get your laughs from Tik Tok, a modern home may be your bag.
Of course, sometimes opposites attract… so let’s take a closer look at the upsides and downsides.
New: the upsides
Smart thinking
Integrated systems built into a new home can do all the ‘work’ for you – from voice-operated artificial intelligence that controls home entertainment and security to monitors that ensure your energy usage is under control.
Energy saving
The emphasis in new homes is very much on sustainability, with better insulation built-in and heating systems that are far superior to most you’ll find installed in older properties.
Modern Living
From clean lines and recycled materials, newer properties feature rooms that cater for 21st century lifestyles and thinking. Often this translates into open-plan and combined kitchen, dining and living areas where families can get together.
Added Incentives
Thanks to initiatives such as the Help-to-Buy scheme it can be easier for first-time buyers to afford newbuild homes. Maintenance costs should be at an absolute minimum, while most newbuilds also come with a guarantee or warranty scheme.
New: the downsides
Less space
If you’re looking to go large, some new homes will disappoint by offering reduced floor space, lower ceilings and minimum space for storage. Similarly, thanks to the trend for building ever closer together, gardens tend to be smaller.
Short-term loss
Just like showroom-shiny cars, new homes can actually depreciate in value in the short term. If you’re buying brand new, it’s wise not to be planning on selling after only a year or two. Hold on to make your investment pay.
Extra costs
When buying new look out for extra outlays, such as factors fees for local landscaping work. If you’re looking to move into a flat, check if there are potential bills for taking care of the communal spaces and factor these into your monthly budget.
Old: the upsides
Character
Once upon a time houses were built to last forever, with thick and insulating stone walls. They were also designed to be good looking, which is why many boast features such as high ceilings with ornate cornicing and fireplaces. For sheer style, new builds can pale in comparison.
Space
Before we moved into the era of minimalism and flat-packed living, large families needed large spaces – and plenty of storage areas, from kitchen pantries to spare bedrooms and cool cellars to bric-a-brac filled attics. Because land was less expensive, many older homes were built with huge gardens – ideal for today’s adventurous kids and green-fingered gardeners.
Community
An older property is likely to be located in the heart of a community that’s already well established. So, as well as being welcomed by neighbours who may have lived nearby for years, there’s a greater chance of easy access to amenities such as shops, leisure facilities, restaurants and bars.
Old: the downsides
Wear and tear
Unfortunately, just like their owners, homes can be affected by the passage of time.
Creaking joints and dodgy plumbing can just as easily affect a property! Before buying or renting check the state of the pipes and wiring, as well as walls and windows. Look out, too, for signs of dampness. Not all signs of wear and tear are insurmountable, of course, but you do need to factor in the costs.
Cost of upgrading
Even the most characterful homes can benefit from a little TLC that brings features up to today’s standards. If you think areas such as the kitchen or bathroom could benefit from renovation, be sure to make this integral to your offer and future budget.
While there are many factors to consider in the new versus old debate, essentially it all comes down to your personal preferences.
And the good news is your estate agent can help you gather all the information about a property before you need to make any big decisions.
Meantime, enjoy taking a look at dream homes, old and new, on your one-stop-shop for hot properties: s1homes.