4Jan2019

Weighing Up Whether to Buy an Old House

Choosing what type of house you want to buy is a crucial decision that will shape how you live your life for the next few years, maybe decades. There are many pros and cons to both old, traditional houses and new-build properties, and it is important to fully understand the entire picture before committing to a mortgage on a property.

What are the benefits of moving into an old house?

The first thing to comment on is the real positive character and aesthetic that can be found in many traditional homes. Older houses have a lot more detail and fancy finishing touches that you find in the majority of modern day homes. The older the home, the more charming it is likely to be.

Older homes are also built to a larger size than modern homes in most cases, with much more space for you to experiment with and utilise spaces in different ways. If you are looking for a home to grow into, if you have plans to raise a family or a business from home, an older property might provide you with more space.

It is also worth looking at the cost of maintenance and other factors that will affect the price of both older properties and new builds, as this will impact on your ability to live in the property in a cost efficient manner over the years to come.

At Central Mortgages we understand how to find you the best mortgage solutions for your specific desires and budget. If you would like assistance in finding the right mortgage provider to help you secure an old house, contact our team on 01277 630 183 or office@centralmortgages.net.

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