Denise Allen Realtor@ Chesapeake

I recently read an article that talked about the differences in buying an older home over a new home. There are pluses to both.

The article talked about the fact that you can usually get an older home that has the wallpaper and paint already done. Sometimes you can actually negotiate to have the window treatments included with the home. The closing can occur in a short period of time. On the down side you are buying a property that has used carpet, appliances, heating, and cooling systems to mention just some of the items in the home that have already been used since the home was built.

When you buy a new home you are buying a home that is under warranty for the minimum of 1 year. Nothing in the home has been used prior to the buyer moving in. The buyer can select the items that go into the home if they are building from the ground up. If the buyer does buy an inventory home they can usually get the best incentives from the builder. Even if the buyer does not get to pick out everything for the home, most builders put neutral flooring in the home and sometimes they actually put upgrades into the home. Right now builders are offering allot of incentives to buy their homes. There is a down side to buying a new homes. The main down side is that it normally takes 4 to 5 months to build a new home. If their is an inventory home you like you can close as quickly as a resale home. Allot of time there is going to be construction going on in the neighborhood after you close.

I have been previewing resale homes lately. Most of the homes I have looked at clearly needed some TLC. I was surprised that with the market as slow as it has been that the sellers have not put more into the staging their homes to sale. I know that there are homeowners that do take allot of pride in their homes also. After looking at older homes I have to say that I believe buyers are going to get allot more for their money in a new home. One of the big things that I noticed is that new homes are brighter and have more windows to let natural light into the home. I would recommend that buyers whenever possible buy a new home over buying someone else's headaches.

Higher unemployment obviously has a negative effect on housing in Chesapeake. Job losses prevent twentysomethings from finding their first jobs. As they find jobs the baby boomer parents are thrown out of their jobs. It throws them into a job market that's unreceptive to both younger unskilled people and older workers alike. Unemployment prevents otherwise well-qualified people from buying homesand pushes more homeowners into foreclosure. It keeps prospective home buyers who feel insecure about their paychecks on the fence. The real estate sector, which has lost plenty of jobs in construction, brokerage, lending and affiliated businesses, could shrink further.

The bottom line is that jobs are once again an issue of great importance to real estate in Chesapeake. People whose businesses and livelihoods depend on housing would do well to pay attention to the trends.

http://www.deniseallen.com/ Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.

Google denise allen

For you buyers thinking of purchasing a new construction home in Chesapeake, go to this web site first, after contacting me of course. The web site is federalhousingtaxcredit.com It explains the the $7,500 tax credit you can get for purchasing a new home. The site provides links to frequently asked questions, provisions on the law and other home buyer resources. The site is courtesy of the National Association of Builders.

I am not at the site anymore but I can still sell you a home at Westchester Estates with Ashdon Builders or Graff Construction.

http://www.deniseallen.com/ Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.

Google denise allen

Didn't know they had one and they don't. Portsmouth school officials are trying to find funding to build a new elementary school but with the economy in the drink it won't be until 2013 and will cost millions more then if it were built today. School officials are thinking about a public-private venture so the that school can be started in 2009. One thought is to have a private company company build the school and the schoold division lease it back for 20 years. At the end of the 20 years, Portsmouth would own the school.

http://www.deniseallen.com/ Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.

Google denise allen

If you don't know by now, Suffolk has reduced speed limits on five crash prone roads. The most crash zone spots are on Bennetts Pasture. The speed limit will vary from spot to spot but will be 45 mph between Nansemond Parkway and Bridge Rd. The biggest drop will be on Ferry Road from Knotts Neck Rd to the end of Fairy Rd and the speed limit will be 45 mph. Parts of Pughsville Rd, Godwing Blvd and Kenyon Rd will also see a drop in the speed limits.

http://www.deniseallen.com/ Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.

Google denise allen