It’s a home-buying debate that’s age-old: to buy new, or resale.
On the surface, buying a new home would seem to be a slam dunk.
With everything in the home brand-spanking new, it should (at least, theoretically) require little or no maintenance for at least five years: no furnace to replace, windows to install or roof to redo, among other things.
However, that paradise-like, maintenance-free window can be offset by a few details new home buyers often overlook — having to landscape, put up a garage, finish the basement or purchase trendy stainless appliances for the kitchen.
Granted, many resale homes require extensive updates, which can be costly. That said, there are homes out there that have been extensively updated. Understandably, the updates have been figured in to the selling price of those homes.
That’s where a disconnect can occur, as buyers looking at older homes can find it difficult to see the value that a thoroughly updated, 50- to 60-year-old home offers.
A good example of such an extensively updated home is 7 Kirby Dr. in Heritage Park, Garrett Parker of RE/MAX One Group says.
"This home is priced a bit higher at $376,900 because it’s pretty much been updated from top to bottom," he says. "The biggest thing to me is that all key updates have been done: roof, new windows, new furnace and new hot water tank. I really like that those things have been covered."
Then there’s the fact that the 1,195-sq.-ft., three-bedroom bungalow has been completely refreshed inside, starting with its main living area.
"Basically, the renovations took a classic L-shaped layout and made it contemporary," Parker says. "A wall that used to separate the kitchen from the living room was opened up, making a spot for an eating nook for three. The kitchen’s side wall was opened up, too."
The result is a main living area that offers exceptional flow in two key areas.
First, the six-foot-wide entrance between the kitchen and dining room promotes seamless traffic flow through the entire main living area.
Second, the cut-out in the wall between the kitchen and living room promotes light flow.
"I just love how naturally bright the main living area is. Before, the wall between the kitchen and living room didn’t allow light from the kitchen to come through into the living room. Now, light from a huge window over the kitchen sink flows into the living room, and all the light that comes in from the living room’s huge picture window flows into the kitchen," he says.
At the same time, all the finishes in the great room area are new, from fresh paint, to new mocha-tinted laminate plank flooring, to light fixtures.
Parker adds that the kitchen is particularly striking.
"It’s been beautifully remodelled with an eating nook with herringbone wood countertop, new floor, white cabinets, off-white tile backsplash, marble-style laminate countertops and stainless steel appliances. It’s a bright, functional space."
Meanwhile, the bedroom wing is just as functional, holding three bedrooms and a remodelled four-piece bath.
"Both secondary bedrooms are a good size, with big windows and double closets," he says. "The bathroom has been nicely redone with a tile surround, new floor and glossy grey vanity; the master suite is a big, bright space that offers a two-piece ensuite and his/her closets."
A finished basement then makes the spotless bungalow even more livable.
"There’s a huge rec room, office/bedroom, four-piece bath and big laundry/mechanical room that offers loads of storage space. It’s a great area that’s perfect for a young family. The home also comes with a single garage with carport and large, fenced backyard with a deck right out the back door."
Last but not least, there’s the home’s location.
"It’s on a quiet street close to schools, shopping, public transportation and a host of other amenities," Parker says. "Homes like this don’t come along often. But when they do, they’re worth considering due to the extensive updates, great location and the fact that there’s nothing to do but move in and enjoy."
Location: 7 Kirby Dr., Heritage Park
Year Built: 1963
Size: 1,195 sq. ft.
Bedrooms: 3 plus lower level den
Contact: Garrett Parker, RE/MAX One Group, 204-995-4158