People say age is a state of mind, and it turns out the same holds true for the age of your home.
Take these examples:
A home built in the 1980’s is “newer” in the Washington D.C. area, where a significant percentage of homes were constructed during the 1920s.
In California you’d be right at home in a midcentury ranch or other property built in the ‘50s; California boasts the highest saturation of midcentury homes still standing.
And Colorado? We’re an interesting case study. The largest percentage of homes in Colorado were built in the 2000s – the years stretching from 2000 until 2009. I’ve heard interesting feedback from clients moving to the Denver area from out of state. One couple I worked with were astounded that homes built in the late 90s were considered “older homes” in the suburb they were moving to; she had grown up in a home built shortly after the turn of the last century – around 1908 – and the notion that a home less than twenty years old was old or outdated seemed laughable to her.
There are certainly exceptions to this attitude of ageism toward home construction that exists in Denver and other metropolitan areas boasting lots of newer construction. Midcentury modern or “MCM” homes are a hot commodity here and across the country. Craftsmen style bungalows will continue to stand the test of time. Some buildings in downtown Denver have been around for awhile, but condos in certain well known residences will always command a premium based on location and the provenance of owning at a particular address. There are also pockets on the fringes – The Pinery subdivision just south of Parker is an example – where homes are “older” (largely built in the 70s and 80s) but often boast updated interiors and the quality construction is still in good working order; there is certainly no reason to tear down well constructed homes and replace them with brand new construction just because you can.
Age is certainly a factor to consider when purchasing your next home. Houses built prior to 1978 may contain lead based paint – not a deal breaker by any means, but you need to proceed with precautions in place when painting or remodeling a home with LBP. Homes from the 50s or earlier may have knob-and-tube wiring or outdated plumbing; items of this nature often do not meet modern building and safety codes and the repair/replacement costs can be significant. Other considerations are safety of old fireplaces, asbestos, condition of the roof or other aspects of construction; fans of older construction will tell you, though, that they really don’t build ‘em like they used to, and a home built before you were born was likely built to last.
Are you planning to buy a home in the near future, or maybe thinking of swapping your current home for a vintage model or brand new construction? I am a Colorado native with over 21 years of experience in Denver area Real Estate, and I’d love to help you negotiate the best possible deal on your next home or sell your current home for top dollar.
Give me a call!
The Meyers Group