In Springfield, is it better to buy old or new?

In Springfield we have the luxury of choosing to purchase an existing or a new property, depending, of course, on your budget, where you want to be located in the city, and what exactly you are looking for in a home. So, how do you choose between an older home and a newer one? Well, our resident Realtor, Deb Sarsany of the Deb Sarsany Team at The Real Estate Group, with more than 20 years’ experience, is on hand to tell us. 

Choosing whether to buy an older home in or around, Springfield really is reliant on a host of factors. Older homes have stood the test of time, sure there’ll be maintenance involved and a few uneven floorboards, but some of these homes were built by hand with meticulous attention to detail. 

What an older home affords you, that a newer build may not, is character. Each home will have it’s own personality, unlike the cookie cutter style that comes with new construction. When searching for homes clients will often talk about the need for character in a home. There are many homes in Springfield with interesting architectural features such as arches, hand-carved wood, or stained glass windows.

Another benefit to purchasing an older home is an obvious one, but often overlooked, and that’s the maturity of the trees in the neighborhood. You will find that in Springfield there are 100-year-old trees, which provide canopies in yards and sidewalks – perfect for a little shade in the summer.

In this city, in particular, older properties are closer to downtown and Washington Park. If you have dogs, jog/run, or have children being close to the park can certainly have its advantages. The close proximity to downtown may also be good for those house hunters that work in the area, at the hospitals or for the state, for example. 

Of course, there can be some downside to owning an older home. You’re likely to find that the closets are smaller, as are the garages, and storage space might be a problem. As I said earlier, you can expect some (or a lot) of maintenance over the years. 

In comparison, the advantage to buying a newer property is its energy efficiency. Older homes, which have not undergone renovations, are likely to have single pane windows; none or little insulation and you may need to install a newer HVAC system. Building regulations have changed over time; newer construction is more likely to conform to building code, whereas older homes could require updating. I have found, through the years, that as well as there being a need for ‘character’ in a home, there’s also a desire to own something brand new. More obviously, it is typical that a newer home will be move in ready, have all the latest bells and whistles, and provide a blank slate for you to add your personal style.

To counter the positives of purchasing a new home, it’s worth remembering that mature vegetation will be lacking within a newer suburb – you won’t find a 100-year-old tree, that’s for sure. And, you’re further away from downtown so you could have a lengthier commute to work. 
Whether you’re looking to purchase an older home or new construction, it’s important to work with a Realtor who understands your needs and wants. 

For more information about the Deb Sarsany Team at The Real Estate Group visit: facebook.com/debsarsanyteam or call (217) 313-0580.