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Reply to "New vs old homes, what problems with you old vs brand new, they don't build them like they used to?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Is this really an option for you, OP? There just aren't a lot of new homes here and usually it's priced far above the existing homes.[/quote] Not OP, but I'm curious about this because we're considering a renovation to our 1948 home and wondering if we should do a tear-down instead.[/quote] The problem is that if you renovate your home will still have the old year built date on it and that will cut into your value. For ROI and better options it is often better to rebuild from ground up with a new home. Think of it as patching a leak with duct tape vs removing the old pipe and installing a new one. There are always issues w/ old homes because they were never designed to be permanent or were for the lower class people that could only buy low.[/quote]
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