Comments on: Top 5 Reasons Why Buying is Better than Building! http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm Building Wealth through Saving and Investing Fri, 19 Mar 2010 19:36:23 -0400 http://wordpress.org/?v=abc hourly 1 By: We will be Building our Next Home! - Million Dollar Journey http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm/comment-page-1#comment-9726 We will be Building our Next Home! - Million Dollar Journey Mon, 06 Aug 2007 13:02:54 +0000 http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm#comment-9726 [...] Top 5 Reasons Why Buying is Better than Building. [...]

[...] Top 5 Reasons Why Buying is Better than Building. [...]

]]> By: Montrealer http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm/comment-page-1#comment-5048 Montrealer Tue, 22 May 2007 17:43:55 +0000 http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm#comment-5048 6. More character, more homey than brand new houses. 6. More character, more homey than brand new houses.

]]> By: FrugalTrader http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm/comment-page-1#comment-4906 FrugalTrader Mon, 21 May 2007 19:13:12 +0000 http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm#comment-4906 Good tips Ed! Yes, we've been looking at old and new homes in search for the right "deal". Right now, around here, we're leaning towards building, but time will tell. Good tips Ed! Yes, we’ve been looking at old and new homes in search for the right “deal”. Right now, around here, we’re leaning towards building, but time will tell.

]]> By: Ed Rempel http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm/comment-page-1#comment-4846 Ed Rempel Sun, 20 May 2007 15:57:40 +0000 http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm#comment-4846 Hi FT, One of the best advantages of existing homes is that you can often get free improvements thrown in. The general rule of thumb is that only 20-30% of the cost of renovations is added to the home value, so you get these improvements for a fraction of the cost. Also, if you find an existing home that does not show well, you can get it at a significant discount. This generally does not happen with new homes. If you look around at existing homes, you can find individual cases with exceptional deals. Ed Hi FT,

One of the best advantages of existing homes is that you can often get free improvements thrown in. The general rule of thumb is that only 20-30% of the cost of renovations is added to the home value, so you get these improvements for a fraction of the cost.

Also, if you find an existing home that does not show well, you can get it at a significant discount. This generally does not happen with new homes.

If you look around at existing homes, you can find individual cases with exceptional deals.

Ed

]]> By: Financial Jungle - » Jungle Bullentin: Around The Blogosphere http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm/comment-page-1#comment-4710 Financial Jungle - » Jungle Bullentin: Around The Blogosphere Fri, 18 May 2007 16:49:00 +0000 http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm#comment-4710 [...] Frugal Trader from Million Dollar Journey outlines his top 5 reasons why buying a home is better than building. [...]

[...] Frugal Trader from Million Dollar Journey outlines his top 5 reasons why buying a home is better than building. [...]

]]> By: FrugalTrader http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm/comment-page-1#comment-4522 FrugalTrader Wed, 16 May 2007 17:11:56 +0000 http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm#comment-4522 Jungle! Good points. Yes, you are right, ideally, we would like to find a home that's around 5-10 years old. That way, we get the best of all worlds. :) Oh, on CC, you mentioned that Questrade doesn't do mutual funds. They actually do sell mutual funds, you just need to phone in to order them. Jungle! Good points. Yes, you are right, ideally, we would like to find a home that’s around 5-10 years old. That way, we get the best of all worlds. :)

Oh, on CC, you mentioned that Questrade doesn’t do mutual funds. They actually do sell mutual funds, you just need to phone in to order them.

]]> By: FinancialJungle.com http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm/comment-page-1#comment-4521 FinancialJungle.com Wed, 16 May 2007 17:08:37 +0000 http://www.milliondollarjourney.com/top-5-reasons-why-buying-is-better-than-building.htm#comment-4521 I find that older homes are generally less energy-efficient, and more difficult/expensive to find "parts". My buddy is spendnig $25k to replace his roof. The house is 80 year old. I'm not a roof expert, but I guess his requires a specialist. How about buying an almost new home? i.e. less than 5 year old. I find that older homes are generally less energy-efficient, and more difficult/expensive to find “parts”. My buddy is spendnig $25k to replace his roof. The house is 80 year old. I’m not a roof expert, but I guess his requires a specialist.

How about buying an almost new home? i.e. less than 5 year old.

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