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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would love to buy the older, unrenovated home for $100K less.  In your home, you got to pick your finishes.  If I spend $100K less on the structure, I can afford to pick my finishes--just like you did.[/quote]

Fair enough..With an additional 100K you could renovate your kitchen, bathrooms, paint and maybe the flooring to your taste..but what about the costs of roof replacement, HVAC replacement, wiring replacement..and what about additional closet space and larger rooms, open floor plans..but no amount of renovation is going to get you a larger kitchen with pantry if it is tiny to begin with, or larger rooms, or more bathrooms (I don't know how people survived on just 2 1/2 baths - now even a TH has 3 baths). [b]You could only work with the small space that you have and renovate that..[/b]

From what I've seen, the houses priced 100K less do not have upgrades, have very small rooms, closet and storage space negligible..the reason we bought our home new was because we could get more value for the money - for 100K more we had so much more space and the house was new (and we didn't have to worry about replacing roof, HVAC, wiring)[/quote]

You're talking like a McMansion owner.

The features you mention in the first paragraph absolutely factor into the price people offer for new houses. I would prefer a smaller well built home with finishes I choose than a large house with someone else's finishes.

As for the second paragraph - I don't think that a new house means you don't have to worry about the roof, HVAC, wiring, etc.  There are a lot of greedy developers in DC who build shoddy houses.  [/quote]

Also, there are plenty of older homes where these systems have already been replaced. None last a lifetime. I agree that the age of the systems matters in how people value a house, but it is not a given that a house built 20 or 50 years ago has 20- or 50-year-old systems. [/quote]

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