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Buying Land and New Construction >Buying New or Buying Old

New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.

Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.

New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.

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Q	What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?
A	Real Estate--it goes through cycles, but still has a long-term record of strong investment return.
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Team Harris--Wendy and Jim Harris, REALTOR®, real estate agents and broker for Hope Mills, Fayetteville, and Ft. Bragg North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Wendy Harris and Jim Harris
Team Harris Real Estate
1400 Hope Mills Road
Fayetteville, NC 28304
Tel: 910-433-2724
Toll-free: 800-428-2748
Fax: 910-484-2414
Email: Homes@TeamHarris.com
My father, Jim, retired here at Fort Bragg, so I know the ups and downs of moving a family down the road, across the country, or half way around the world. We want to know what we can do for you...choosing to keep our focus on customer service and loyalty. Staying involved in our industry and in our local community continues to Provide added benefits our clients moving to or from the Greater Fayetteville/Ft. Bragg Area! Let us put our years of experience to work for you!

www.teamharrisnc.com is brought to you by Team Harris--Wendy and Jim Harris
NUMBER1EXPERTS™ in real estate for Hope Mills, Fayetteville, and Ft. Bragg, North Carolina

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