BEST ANSWER
Hi Jeff, your question depends on a lot of variables. A new house can sometimes cost a lot more than one needing a little TLC because you still have to landscape, do window treatments and so on. However, depending on the amount of new homes being sold in a development and the phase you would be buying, a new house tends to appreciate faster. Existing homes in need of a lot of TLC can often times be a nightmare for home owners particularly if the home has been neglected. I think your real decision comes down to where you want to live. Rremember, location, location, location and you will not go wrong.
Good luck.
Jeff Fox, Broker
Thu Jun 21 2007, 21:46