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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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Who is the world's richest living person?
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William H. Gates, III, Chairman of Microsoft Corporation, whose wealth was estimated at $46.6 billion in 2004.
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Sue Shaw and Associates
Prudential Realty Center
505 Riverfront Pkwy.
Chattanooga, TN 37402
Office: 423-643-9300
Direct: 423-643-9096
Cell: 423-421-3919
Fax: 423-598-7292
SueShaw@NUMBER1EXPERT.com
CHATTANOOGA IS A GREAT PLACE TO LIVE! (And Signal Mountain, Lookout Mountain, Elder Mountain, and White Oak Mountain). We are situated in a beautiful valley surrounded by lakes and mountains. The beautiful Tennessee River flows through the heart of the city.
You've heard of the Chattanooga Choo Choo. We have IT, but we have so much more! A wonderful fresh water aquarium, Children's Museum, a glowing riverfront, Hunter Art Museum, walking trails, downtown housing, suburban housing, trees, water, natural beauty, Coolidge Park and many other delights.
We are dedicated full-time Realtors. As an experienced team, we will make every effort to ensure that your family is comfortable and confident throughout the entire process of buying or selling. Our goal is to help you accomplish your goals. Whether you are buying or selling. YOU ARE NUMBER 1.      
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