Many buyers who are looking for a home in University Park in Denver specifically ask for new construction. Buyers often think that new construction is more desirable than older homes, but that’s not always the case. Here are some of the many benefits of buying an older home:

Less Expensive

In general, older homes are priced lower per square foot than newer homes. If you’re on a tight budget, look for homes built prior to 1970 so you can get a better deal. Of course, work with a real estate agent so you can make sure you don’t end up with a home that is priced low because of the amount of work that needs to be done in it.

Location

Older homes are typically located in the center of the city, whereas newer construction is usually located on the outskirts of town. Buyers who want to be close to the action in Denver should consider looking at centrally located older homes instead of limiting themselves to newly constructed homes.

Bigger Lots

Land has increased in price over the decades, so today’s developers split a large piece of land into small lots to maximize the amount of money they can make. However, before land became so expensive, developers built homes on larger lots. This means older homes tend to have more space in the front and back yard, which is perfect if you’re looking for a family home where kids can play outdoors. If this is important to you, you may want to give older homes on the market another look.

Interesting Designs

There are a number of different styles of older homes, including Victorian, Colonial, and Craftsman. These older homes may have unique features such as stained glass windows, sunken living rooms, or detailed crowd molding. However, newer homes tend to have simpler designs that will appeal to a wide range of buyers. If you want a home with character, an older home may be the best choice for you. Learn about 26 popular architectural home styles.

Investment

Old homes that have been taken care of over the years are in high demand, so buying one now is a great investment. In fact, as developers continue to tear down old homes to make room for newer homes, the supply of old homes will become even smaller and your home will become more valuable.

Better Construction

Believe it or not, some older homes are constructed better than new homes. This is because many older homes were built with plaster and lathe instead of drywall, which is not as structurally sound. Because of this, older homes built with plaster are sturdier and more insulated than newly constructed homes.

Are you ready to buy a home in University Park? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. It doesn’t matter whether you’re looking for an older or newer home—we can help you find the perfect one!