Question: Which is a better investment, an older home or a newer one?
The short answer: It depends on how soon you intend to sell and how the current value compares to that of its' neighbors.
When the goal is to purchase property for resale, one at the upper end of values for the neighborhood may not be the best choice. A property similar or lower in price might be a better consideration. It all depends on your specific goals, however, so be sure to consult with a licensed agent about property values.
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