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Comparing The Price of Older Homes with Newer Homes

Chuck Marunde by Chuck Marunde
September 7, 2019
Reading Time: 2 mins read
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When you look at older homes and newer homes, whether it is in Sequim, Port Angeles, or Port Townsend, there is major distinction you should make as a buyer, or you could find out after you move into the home that you paid too much. No one talks about this, so today I hope this will help you avoid overpaying for your dream home.

Older Homes

Older Homes v. Newer Homes

Here’s the trap of comparing older homes with newer homes. You walk into an older home, and your first impression is good. You may say, “This is nice. I like it.” Everything seems to be good. For example, take a look at this kitchen in the photo. It looks pretty good, doesn’t it? There are things we just don’t see when we are looking at homes, but they become apparent when we start living in the home. This kitchen is a remodel in a 1976 home. Can you see why this kitchen doesn’t compare with the kitchen in a newer home?

Older Homes and Construction or Remodeling

I don’t expect you to be able to identify all of them just from this photo, but many would be missed by the average buyer looking at 5 or 6 homes in the same day. First, the cabinets are cheap cabinets. They are not even designed for this kitchen. They are probably spare cabinets that were purchased at a discount sale. The top cabinet on the far right is a “hanging cabinet” that exposes a large blank side toward the dining room. The cabinet is actually a corner cabinet, and is sadly misplaced. In addition, there is actually very little functional cabinet space in this kitchen. You can’t tell from the photo, but the wood floor is desperately in need of refinishing, and it doesn’t match the wood floor in the adjoining living room, which was remodeled much later.

Newer homes will have a kitchen that was designed specifically for that space, and the cabinets will all fit seamlessly. This may not be immediately noticeable when you are looking at older homes, but this is important. 

What’s the point? The kitchen in this photo would cost $25,000 to $40,000 to bring it up to the same quality and functionality as the kitchen in a newer home. Unfortunately, the listing prices of older and newer homes are often the same. Do not miss things like this when you are looking at newer homes and comparing them to older homes.

Last Updated on September 7, 2019 by Chuck Marunde

Tags: Homes
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Chuck Marunde

Chuck Marunde

Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and 60 books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their Sequim Buyer's Agent. 

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Comments 3

  1. KAT says:
    6 years ago

    Thanks for the good writeup. It in truth was a amusement account it. Glance complicated to far brought agreeable from you! By the way, how could we be in contact?

    Editor’s Note: Folks, this comment is an example of a techie in a foreign country charging their client to place comments and links on highly ranked blogs like this one linking back to the site they are trying to promote in order to increase search engine ranking for that site. I recognize these fake comments in a second primarily because of the terribly broken English, but also because sometimes the comment doesn’t make sense and because there is always a statement of praise in there. Their attempt never works on this blog, because I usually delete them or mark them as spam, but in this case I’ll post it and delete the return link and the email they included. Maintaining the security and integrity of a site like Sequim-Real-Estate-Blog.com with over 2,000 articles is a 24/7 job that never ends.

    Reply
  2. Chuck Marunde says:
    10 years ago

    No, I meant to say “there is not much functional cabinet space.” That’s part of the trick that happens to our eyes when we first look at a kitchen in a used or existing home. The cabinets in this kitchen look sufficient, but they are shallow, and more than that, when you arrange food supplies, staples, glasses, plates, silverware, and pots and pans, you realize this kitchen has a lot of poorly designed cabinet space. But that’s the problem–it wasn’t designed. These cabinets were a remodel, and someone just slapped cheap cabinets on the wall. They’re not functional as cabinets should be.

    Reply
  3. kat says:
    10 years ago

    just curious- on this blog did you mean to say there is not much “functional’ COUNTER space? the article says not much functional cabinet space. thinking it’s a typo from your mind going faster than you type :D.

    Have a BLESSED day 🙂

    Reply

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