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Real Estate Tips

Buying Land and New Construction >Buying New or Buying Old

New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.

Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.

New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.

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Real Estate Trivia

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What is considered the world's tallest building?

A 
The 185-story CN Tower in Toronto, Canada is the world's tallest free-standing building, rising to 1,815 feet.
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Brenda Fontaine, REALTOR®, real estate agent and broker for Lewiston, Auburn, Lisbon and Southern Maine, Maine home listings, property and land for sale - NUMBER1EXPERT

Brenda Fontaine
Fontaine Family - The Real Estate Leader

336 Center Street
Auburn, ME. 04210
Office: 207-784-3800
Fax: 207-786-2957
Email: WebForm@FontaineTeam.com

Brenda Fontaine became a Real Estate Agent in 1983. Brenda has helped over 5000 families buy and sell their home. Brenda ranked NUMBER 1 for a nationwide franchise for "Top All Around Realtor" for 6 years. Brenda's success is due in part, to her caring attitude, her consistent follow through and also her strong work ethic. Brenda is supported by an experienced and dedicated team of licensed professionals that consist of a client care manager, Melissa Field, marketing manager, Crystal Bergeron, showing/feedback coordinator, Angie Larochelle, field Coordinators, Claude Fontaine & Tammy Soucy, listing manager, Marie Beaulieu, Business Development, Karen Gruver and ten Listing & Buyer agents, Bill Bergeron, Clayton Larochelle, Beth Favreau, Deb Morin, Nick Trider, Harriet Cummings, Pat Long-Cressey, Chad Sylvester, Nate Rudy, Cindy Morin & Jeanne Martin. The Family team of nineteen licensed professionals work together to help families buy and sell their property. They want to be your "Realtors for life" and they will give you superior service to earn that honor. The Wall Street Journal recently posted America's Top Performing Real Estate Professionals on their website. (wsj.com) Amongst the top 1,000 is local real estate team of professionals The Fontaine Family Team who ranked 46th on America's Top Performer list, located at 336 Center St. Auburn, ME 04210

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