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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
If you have young kids, i repeat, do not, ever buy an old house. You are better off renting in an apartment with repair on 24/7 standby or even a new townhouse. If you can stretch it, just buy a new build, the peace of mind of things working at least for the next 10 years is worth your sanity. [/quote]

I agree with OP. Avoid old houses if you can. Maintenance costs will eat all your savings. People always underestimate the cost of maintenance. 
A friend of mine bought a house for $500k and sold it for $1.2M 20 years later. You would think that this is a $700k gain there. 
Not so fast. They realized that they spent more than $300k to maintain and renovate this house over the years. Now you are looking at only $400k.
Buy a new house and you won't have that problem.[/quote]

New houses also have plenty of maintenance issues. They don't come free either.

And plenty of variations in market factors affect old/new. Older houses closer into DC have outperformed newer houses in the outer suburbs when it comes to housing appreciations. [/quote]

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