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Pros and Cons of Buying an Older Home in Edmonton or St Albert

Pros and Cons of Buying an Older Home in Edmonton or St Albert

The best advantage of buying an older home is its construction. Built with finest quality of wood by genuine craftsman, older homes have withstood the test of time, where every minute aspect has been attended with meticulous diligence. These homes are usually filled with beautiful architectural features like arches and hand-carved decorations. Another advantage is the space these homes offer. The size of new homes being constructed these days has greatly decreased due to increasing land costs.

Older homes are spacious and built on large tracts of land. Other advantages of buying a new home include presence of long term neighbors, well-established neighborhood that has sustained several years and serene backyards and boulevards filled with large canopies of trees and lush green vegetation. Older homes are usually located nearer to downtown areas filled with restaurants and shopping centers.

Cons Of Buying An Older Home:

Although, older homes may come at a cheaper price, you might have to spend more towards maintenance costs. Depending on the requirements, you would have to invest money towards renovation and repair. Things like chimneys, stone foundations, floors, bathrooms, sewage systems and electrical connections need to be refurbished so as to avoid any major issues. Many times, these maintenance costs might end up being quite expensive.


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