Differences Between Old and New Construction Homes

Differences Between Old and New Construction Homes

​The average potential buyer spends 10 weeks finding their home! Put yourself ahead of the competition by going into your house hunting journey by having a good idea of what you’re looking for before you get started.

One of the most important aspects of real estate is to familiarize yourself with the features of old vs. new homes. Read on to learn about the major differences.

Materials

Whoever said the phrase “they don’t make it like they used to” was probably talking about real estate.

Older homes are typically built with wood, while newer homes are usually made of concrete, depending on where you live. Even newer homes are built out of wood using a different wood quality than they did decades or even centuries ago.

It’s not just the base of the house that is built differently. Think plaster vs. drywall; old homes used plaster, a thick and almost concrete mixture when dried, while new homes have drywall, which is essentially a thick cardboard wall.  While drywall does have its benefits, it’s less durable.

Natural Light

This may not be something that a potential buyer would think of when buying a house, but it’s an aspect of the home design that can greatly impact the place’s vibe.

Older homes have more windows and let more light filter into the house. Newer models have energy-efficient, weather and light-blocking windows that help save money but let less sunlight in.

Energy

New homes are built with saving energy in mind, and the builders often tailor them to withstand the local weather.

Older homes may not be as energy-efficient because they were built before insulation became popular. In addition, houses built before 1965 have different electrical wiring systems that are much less effective and costly (fire hazard). However, if you fall in love with an old home but worry about the use and cost of energy, there is an option to rewire the house and take other measures to improve efficiency.

Design

Old construction homes tend to be smaller than new builds. For example, in 1960, the average square space of a new home was 1,289 square feet. In the 21st century, new constructions averaged around 2,500 square feet.

Old homes may have less surface area, but the design of old homes is conducive to feeling like there is more space. For example, older homes have narrower hallways that lead to large rooms with high ceilings. And there is certainly one thing for sure, old houses have more character than their new counterparts. Modern homes tend to have the same general open floor plan and are often described as cookie-cutter. However, old homes tend to have more personality. 

Location

Older homes tend to be closer to the city or town centers, while new construction is often pushed to the outskirts of town where there is space. Being secluded is a huge plus for some people, while others want to be right in the hustle and bustle.

Pricing

When you’re patrolling the market for a house, you’ll notice that older homes are usually less money per square foot than new builds. This is due to the rising cost of labor, land, and materials.

Teaming up with a real estate agent will give you the best opportunity to get a good deal.

You Decide: Old vs. New Homes

You’ve made your pros and cons list. You’ve considered all of the benefits of purchasing old vs. new homes. So now, how do you get your hands on a home to call your own?

Whether you fancy older construction homes or modern builds, Market Source Real Estate can get the home buying process started for you today. Contact one of our agents or browse our houses for sale in the Salt Lake City area.

Emerging Neighborhoods in SLC (Singles and Youth)

emerging neighborhoods in SLC

Are you thinking of making a move to a vibrant, exciting new place? As Utah’s most populated city, Salt Lake City may be the spot for you. With about 1,180,000 people that call the metro-area home, many of them are young, single professionals.

You may be wondering, “Why exactly do singles and young professionals love living in Salt Lake City?” There is a long list of unique activities, job opportunities, and beautiful views that make this area what it is.

For more on the top emerging neighborhoods in SLC and why you should make a move, read on for our basic guide.

Capitol Hill

If you like history and a bustling downtown scene, you’ll feel right at home in Capitol Hill. Perched at the top of a sloping hill, this area overlooks downtown Salt Lake, offering beautiful views for miles.

Here you’ll also find the Utah State Capitol building and many historic sites like the Pioneer Memorial. You’ll also be nearby a natural hot spring and City Creek Canyon, a 6.5-mile trail. Capitol Hill is a top area to experience Salt Lake City nightlife, with many restaurants, cocktail bars, and live music.

Central City 

For a more hipster vibe, Central City is one of the best Salt Lake City neighborhoods. There’s always something to see here with various quirky shops, interesting art galleries, and alternative music venues.

Many Central City locals travel by bike through the beautiful Liberty Park and downtown area. This up-and-coming neighborhood is the perfect place for your mix of bustling city life and calming nature.

East Bench

In East Bench, SLC, you’ll find a relaxing place to call home. East Bench is a primarily residential area with vast mountain views and nature activities.

Many locals enjoy its proximity to parks, trails, and fun things to do like visiting the Pioneer Theatre Company. All in all, East Bench is one of the most calming, unique places for young people living in Salt Lake City.

Sugar House

For another vibrant, upbeat area, Sugar House is a top choice. Home to a wide variety of bars, breweries, restaurants, and lounges, Sugar House, is one of Salt Lake City’s best areas for young people.

This area is also home to a breathtaking park with many exciting activities with mountain views, picnic areas, and lake trails. You never know who you’ll meet or what fun activity is waiting for you around the corner in Sugar House.

The Avenues

Known as Salt Lake City’s first neighborhood, The Avenues is a charming and historic area. With Victorian-era houses and rich culture, many young professionals love the unique feel of The Avenues. This is one of the most artistic and young areas in Salt Lake City.

One of the top attractive features of this area is its proximity to downtown bistros, cafes, and bars. With a block-grid neighborhood layout, many locals also walk or bike on their daily commute. If you’re relocating to Salt Lake and looking for a hip and laid-back feel, The Avenues could be your perfect match.

Relocate to These Emerging Neighborhoods in SLC

Now that you know the top emerging neighborhoods in SLC for singles and young professionals, what are you waiting for? The home and life of your dreams are waiting for you. Contact us to get started on your move today.

Real Estate Trends in 2021

buying-an-investment-property

With so many significant changes in 2020, we expect to see some major developments in 2021 real estate trends. This is due to the pandemic, it has changed how many people think about housing and work. 

We’re expecting more people to move out of cities or away from their offices because they no longer need to be close to work. House hunting will continue to be affected by social distancing until we all can get a vaccine. And, younger people will realize they can afford more property than they thought.

Suburban Growth and Working from Home

Two big trends coming in 2021 are caused by the changes in 2020 to work and society. With so many people starting to work from home, realtors have seen an increase in people looking to move out of cities. They want space and safety in their preferred neighborhoods rather than commuting convenience.

The growth in buyers wanting to move to the suburbs is a direct result of the Covid-19 pandemic, people are realizing they can work from home. Those who used to live in a city have quickly realized they can get much larger housing for the same or less money as they would in a city.

Moving away from urban centers has also become a trend because of unrest and protest that we’ve seen in larger urban areas in the past twelve months. As we move into 2021, this trend for buyers to seek homes in less congested areas will continue.

Virtual House Hunting

Another 2021 real estate trend is the move to online house hunting. Whereas home buyers have always wanted to visit houses in person as part of buying a new home, the pandemic has meant that more people are willing to view homes through virtual appointments. This is a significant change in how realtors and buyers operate.

Expect to see improvements in virtual home tours as we move into 2021, as we’re still practicing social distancing and dealing with the effects of the coronavirus. 

Millennials Moving Up

Millennials are one of the fastest-growing homeowner demographics. Moving into 2021, more millennials will enter the housing market. They will soon account for more than half of all home buyers. 

Millennials buying homes also ties into the first of the 2021 real estate trends we discussed. In the past, the youngest age demographic segment tended to look to rent or buy in urban or downtown areas. However, with remote work becoming more accepted, millennials are also joining the hunt for homes outside of cities. 

Part of this trend is that millennials realize they can now afford more of a house than before if they swap high-priced rent in cities for land and square footage in the country or smaller towns. This change in mentality leads to the trend of millennials “moving up” in the housing market.  

Keep an Eye on 2021 Real Estate Trends

As you can see, the changes that have occurred in all our lives will keep affecting real estate. We’ve highlighted three of the biggest 2021 real estate trends here because they are going to change how you think about buying your next home.

Remember, cheaper, larger, safer property outside or urban, downtown locations are booming. Improving technology will make house hunting virtually much better. And, the market is getting an influx of younger buyers with money to spend.

For more advice on real estate, get in touch with us today.

How to Help Your Teenager Transition When Moving to Salt Lake City

How to Help Your Teenager Transition When Moving to Salt Lake City

Moving to a new city is often a difficult adventure for everyone involved, but even more so for children. They’ll need to leave behind friends and comfort in favor of forging new bonds all over again. It affects them in ways that last for years.

That’s why it’s vital to find ways to make the move as seamless and stress-free as possible.

If your family is moving to Salt Lake City, then we’re here to help. Listed down below are several ways to help your teenager learn how to cope with moving.

Look For Exciting Places in the Area

The next step should involve looking for points of interest in the area you plan to live in. Places like cool bike trails, shopping plazas, or movie theaters are ways to get the family excited about the move.

They’ll have something positive to focus on, rather than only focusing on the negative parts of moving.

Visit the New School

Moving to a new school is the hardest part your teen will face during a move. That’s why it’s essential to give them a chance to scope out the new school before being thrown into the deep end.

If possible, take a trip together to visit the school and check out the main features of the building. They’re going to be spending a lot of time there, so it’s a significant relief to know where to go. It gives them a chance to focus on other things when the first day at school begins.

It could even facilitate a few new friendships along the way, which is an essential part of every teen’s life.

Encourage Involvement

Many of us don’t know how to deal with moving since it’s such a stressful time. Whenever it comes to making different decisions, try to involve your teenager in the discussions.

By asking for their help or their opinion, it gives them a semblance of control in this situation. It’ll make them feel as though their point of view matters and they’re not being dragged into something they don’t want. Instead, they’ll have a voice in the decision, and it’ll make them accept the transition more easily.

Expect Some Rebellion

Learning how to deal with moving is a different journey for everyone. Some teens might take to the change with an open heart, while others will act out until things normalize again.

As a parent, it’s good to expect some form of rebellion from your teen. Try to remain calm and accepting during this challenging time so that the situation doesn’t escalate. Sooner or later, your teen will find ways to love their new city.

Moving to Salt Lake City With a Teenager Takes Extra Care

Although moving to Salt Lake City opens up a lot of beautiful new avenues for the entire family, your teenager might not see it that way for a while. It’ll take time and effort to help your teen learn to love their new home.

With the help of these tips, that transition will be a whole lot easier.

Are you looking for a new home in this beautiful city? Contact us today to find the perfect match for you and your family!

4 Practical Tips for Downsizing and Moving Into a Smaller Home

Downsizing and Moving Into a Smaller Home

Size matters when it comes to your home, but not in the way you may expect. In fact, 60% of people who live in homes over 2,000 square feet would choose a smaller house over a larger one.

Downsizing is a fantastic way to save money, save maintenance time, and reap the rewards of a more minimalistic lifestyle. It can be an overwhelming task from the start, though. Stop stressing with these easy tips on downsizing to a smaller home.

1. Downsize Your Stuff First

A common mistake that downsizers make is choosing a home first and then trying to downsize their possessions to fit it. It’s better to work in the opposite direction.

Go through everything in your home and do a major purge. Sell or donate anything you don’t need. It’s a good idea to start this process early, so you have plenty of time to sell items.

This way, you have a more accurate idea of how much space you truly need in your next home. You’ll also know where that space needs to be.

For instance, perhaps you still have a lot of kitchen items but little clothing. You’ll want a home that has plenty of space in the kitchen but minimal closet space.

2. Get Detailed Measurements

When choosing your downsized home, always have a tape measure handy. Take detailed measurements of each room unless these details are already available.

Use these measurements to see whether your furniture would fit and how you would arrange it. If the home doesn’t fit your furniture, are you willing to sell and replace your furniture?

If you’ve already bought or leased the home, you can still put your measurements to use. Plan out how to arrange each room’s furniture in advance to make the move smoother. Be sure to consider essential layout rules in the process.

3. Make Everything Multifunctional

One of the top tricks to living in a small space is to rely on multifunctional pieces. For instance, furniture should also offer storage space or convert to other types of furniture.

The same goes for decor: storage can be stylish if you find the right items.

4. Consider Space Alternatives

After you’ve downsized your possessions, make sure you think about all your options. For instance, you might see that you have a lot of items you store in your basement. You’d assume your new home also needs a basement or a lot of storage space.

In reality, it may be cheaper to choose a home with little storage space and rent a self-storage unit instead.

The Best of Our Tips on Downsizing to a Smaller Home: Find the Right Real Estate Agent

Any time you move, your real estate agent will play a significant role in the process. If you’re downsizing, you need an agent who understands your priorities and respects them. Some agents may try to push you toward a larger house than you need, so they earn a higher commission.

Among all our tips on downsizing to a smaller home, the most important one is to select an agent who will uphold your best interests instead. For an agent, you can trust, reach out to our Utah realty team today.