By Dennis Herman, Dennis Herman
(Crossroads Real Estate LLC)
Trying to decide between buying a new home and an existing? There is more to consider than the price on the surface. Both options may contain hidden costs. Following is a list of factors to consider. Price Options Potential resale value Taxes Equity Potential maintenance costs Cost of improvements to an existing home Size of the home or square footage. Compare the same size homes. The age of the home plays a part in the actual value. Would you pay more money for a newer home? Does the layout of the home fit your lifestyle? What type of improvements may have to be done to an existing home?