Buy The Dated House
It’s always thrilling to house hunt with eager clients, but my absolute favorite time looking is with buyers who share the same desire to restore tired, dated homes that were once incredibly well-kept and bring them back to life. I love working with the type of buyer that can see the potential. Ones that can envision their family growing up, making memories there, and customizing their space when they have the time and money to do so when it fits their lifestyle. It feels refreshing to normalize buying an affordable home and making it your own on your timeline. Where updating is not necessarily an instant priority, but when the time is right. Working with those who are DIYers and are not scared to get their hands dirty is a pleasure! Remarkable transformations are wild to see and so incredibly worth it!
Here are my top reasons why purchasing that dated house with a solid foundation in the most desirable neighborhood in town will be worth it!
Location. When you buy for the neighborhood over everything, your property value will remain high for the long run. If the area is already well established and highly regarded, benefits like great schools, parks, and other amenities will most likely be included. People will always want to check out the most sought-after neighborhoods. So finding the diamond in the rough here will be a great bang for your buck, even if you don’t really build any equity into your place.
Potential For Appreciation. Even if the house is dated, its value may still appreciate over time due to its location. As the neighborhood continues to thrive, property values are likely to increase.
Lower Initial Cost. Dated homes often come with a lower initial price tag compared to newer, updated homes in the same neighborhood. This can provide a more affordable entry point into a desirable area.
Character and Charm. Renovating a regular home is fantastic, but older homes often offer unique architectural features and a certain appeal to many buyers that newer homes don’t have. Preserving these elements will provide character, which also means more cha-ching in your wallet when you decide to sell.
Potential For Customization. Buying a dated yet solid home allows you to renovate on your timeline when your budget allows. Little by little, you can chip away at anything you want to change, all while building equity. There is something to be said about a family home you have put your spin on, whether doing the work yourself or hiring a contractor to make your vision a reality. And even if it’s just a coat of paint, you will be amazed at how a few simple, low-cost changes can make such a staggering impact!
This kind of purchase isn’t for everyone. For someone who wants a modern, move-in-ready trendy property, this might not be the route to go. But if you are looking for a long-term investment, a place where you can put your personality and style in the details, finding an affordable, dated home might be the route for you! So if you are looking for an agent that can see past the shag carpets, closed-in kitchens, and avocado-coloured tubs, connect with me! I’m happy to help hunt down that next hidden gem in the perfect neighborhood for your family to call home. Think of me as your long-haul REALTOR®.
