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2 - I recently opened a fidelity account and have savings I want to invest and want to invest a small percentage every paycheck without worrying about trading it . What's the safest place to invest in and not worry about it for the next 10 years ? VOO? QQQ?
Deloitte KPMG PwC
Why cant we trade UWMC right now???
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WiFi code - Delta JFK?
Coach
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Mentor
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Subject Expert
I’ve lived in an old house. Keeping up with renovations is exhausting. I’m building a new house now.
Very cool. There must be so much history with those homes. Thanks for answering!
Mentor
Old houses are better built. You can't build a new house today that matches the quality of a pre-war house.
Lol, they have asbestos, buried oil tanks, knob and tube electric wiring, no central air, etc. etc.... can't beat that charm!
Currently building a new construction with a large builder in a master community and must say that we went new construction route to have less repairs and headaches with contractors and it’s been a nightmare fighting with the builder to get things done properly (even pre-closing). We have been hearing stories in the neighborhood of leaks, roof issues, incorrect ducts, A/C issues, etc even in the first year. Not disagreeing that older homes will need more repairs, but just noting that buying new does not mean quality or not having to deal with repairs and contractors.
Most of them
Location, Location, Location
If the older house needs work and will appreciate more quickly than the new construction, go that route. If you’re just looking for “what’s more fun to live in right now,” new construction all the way. Makes life easier but (often) won’t appreciate as quickly as an older home with character + modern updates. Just depends on what you need / want. Have fun!
New construction will spoil you and forever change your option where as an existing house won’t do that
I would easily opt for a new construction town home over an equally priced existing single family home
The clean and new everything puts your brain into such a clear space that it’s hard to want a house that has any wear
Visual Storyteller
New house!
Coach
Depends on quality and material/equipment in each
Coach
If able, new.
Really depends on what you like and what your preferences are. If you can buy an older home that has already been updated, you can get the charm of older with modern amenities. If you just want new shiny, new is a good option, but see if you can include inspections along the way to have your own paid for expert checking on quality of construction. We bought newer home and the builder really did a crap job on so many things. Whatever you decide, get a realtor who will walk you through the whole process. I am a NJ real estate agent and I'm plugged into a national network of excellent agents. I would be happy to make a referral to a reputable, caring agent for you. One last thought, renovation loans are available, so you may be able to buy older and finance the purchase and full renovation with one loan and get the best of both worlds. Ask your lender about fha 203k or conventional renovation/purchase loans. Good luck!
The husband and I like new construction because you can make the house your own and verify the build through the process. Buying and renovating was harder for us to do. But if you have to live in a specific area, then buying resale is probably the best option.
New construction is hands down better. Better insulation, warranties, and higher standards. Also if you can get a ready built new construction home you have more negotiating power. The builder wants them sold before they are done. If someone pulled out they can possibly drop the price another 50k
I built new homes in 1999 and 2003, but currently live in an 1892 Queen Anne and she is amazing and everyone’s favorite. I am the curator ❤️.
Also, the big draw to a new build is cheaper insurance. You get more buying power when considering insurance rates in Florida.
If you love the footprint of the old house I personally would rather do maintenance than be under continuous construction. This is assuming you may move into a new build a do some of the finishes yourself. Which I would suggest to do whether you pick a new build or not. There are always things once you live in a place that you start to want to adjust once you are in a space.
Subject Expert
I agree with D1 in location but functionally, new homes are better. More light, bigger rooms, more bathrooms, open plan.
New is better for resale say in 15-20 years. It won’t seem all that old but the old house may be antiquated
Old houses hands down - sooo many advantages, it’s just you need to do a good inspection
Old house for 500k vs a precon (currently for 875k) which will appreciate more and give back more equity in 5 years? Same location
New construction all the way!