Real Estate in Cairns: The Pros and Cons of Buying a New House vs Old House

Buying a home is a huge decision that can have a significant impact on your life. You must take the time to understand the process and all of the costs before you decide to buy. Whether or not to choose a new house versus an old house should be considered as well. We at Cordenos Real Estate in Cairns have helpful tips to guide you in searching for your dream home.

A new house or an old house?

There are plenty of advantages and disadvantages to both types of homes. Older homes usually have more character, which can be appealing to some people. However, they also generally have less updated amenities such as heating, cooling, and plumbing systems which can get costly if they break. On the other hand, newer homes typically come with more expensive appliances and features and have a warranty for the day-to-day workings of the home.

The Pros and Cons of New Houses

A new house does not last forever. With time, the paint starts to fade, and the floorboards warp. New houses also come with a higher mortgage and taxes, meaning you will pay more in the long term. On the other hand, new houses are usually less expensive than older homes, and they come with a warranty.

More pros of new houses:

  • Modernity
  • Less expensive
  • Eco friendly
  • Potential for design freedom

More cons of new houses:

  • Lack of character/history
  • No mature trees on the property (can’t get that “country” feeling)

The Pros and Cons of Old Houses

Moving into an old house can be both rewarding and challenging. On the one hand, you get to live in a beautiful historic building that provides the charm and the character of old times. But, at the same time, it can be challenging to make it your own since there are many outdated features inside the house.

More pros:

  • Cheap: New houses are expensive nowadays, whereas an old house is usually cheaper than remodelling a new one.
  • Close to nature: Old houses are often closer to nature than new ones because they’re built near parks or gardens.
  • Authenticity: Old houses have more authenticity than newer ones because they’re not updated too often with modernity. They usually provide a sense of history and nostalgia for people who choose them over

More cons:

As well, there are disadvantages of living in an old house. The plumbing could be old and outdated, meaning it will take more time to fix if something goes wrong. They may not have updated features like energy-saving insulation or modern kitchens, meaning that you will be paying more for utilities than you should. There is also the chance that there could be problems with pest infestations, mould, and others.

Where does Cordenos Real Estate come in?

Whether you are looking for a new house or an old house, you can be sure that Cordenos Real Estate in Cairns can help you find the right one. We have a wide selection of properties that you can choose from. So give us a call today at 0418774994 or email for more enquiries.