Prospective buyers of Merrick real estate may already be aware that living in this posh town can cost a lot of money. For the most part, it is expensive to live in this town because that entails buying a house that was built in 1939 or earlier.
Why are old homes so expensive anyway? Here are some points for consideration by new homebuyers who would like to live in Garden City for its urbanity as it is also the town full of many homes aged 60 years and above.
Proven Track Record
One of the best features of period houses is their resistance to weather, which they have proven for fifty years or more. The reason for this is that materials such as sawn lumber in the old days are more resilient than the building materials available today. Craftsmanship in those days was also much better than it is today.
People are longing for that nostalgia of better artisanship when it comes to building houses, and that is why in most locations, buyers would gun for the older houses. They already know that the house can withstand the wear and tear brought about by many years. Therefore, they can calculate how much that house will fare in the market should they decide to sell it.
This is probably what you will notice when you visit Garden City – those vintage Merrick real estate get a prime spot in the heart of the town and they are much closer to the local amenities. The reason is that Garden City is one of the organized villages that were designed in the early 1900s, and the design of the town is the same at it was almost a century ago. If you are looking for a house to buy in this town that is much closer to malls, schools, and public transportation, you may be looking for one of the period houses.
Good Reselling Value
You wouldn’t want to buy a house that will end up poorly in the market after you have outgrown it or if you have to leave town. Period houses often have better selling value compared to the more modern ones since they often have bigger yards and more bedrooms plus period landscaping that features trees that will take decades to grow to add to the scenic property. Merrick real estate that were built in the 1930s or earlier have a current selling value of more than a million dollars, a far cry from the US median pricing for homes which is $250,000.
It is true that period houses are attractive and are built to stand the test of time, but, there are some things that can make them unattractive for some people. One of these reasons is the price as period houses tend to cost more than the newer ones. At the same time, some owners find problems with the house’s construction and plumbing which can add to the cost especially if these are in bad need of repair.
The trick to finding a good period home is to check if it has been already fixed to fit one’s modern needs. That would probably entail a lot of work for new homebuyers, but it is worth the trouble. Remember that Garden City residents who can afford these houses will only leave their homes if they are looking to switch houses to save costs or to upgrade to an even better period home.
If you are looking for a cheaper option, checking out foreclosed homes for sale merrick real estate would be a more viable option