In this week’s installment of UrbanTurf Reader Asks, a reader who wants the character of an old condo and the amenities of a new one calls on the UrbanTurf audience for advice.
I’m a single, 40-something government employee with almost no debt. I don’t own a car, and I want to stay in DC. My dilemma: Do I stretch my budget a bit and go for a new condo downtown near work, or should I choose an older place with the kind of character I adore (crown molding, hardwoods, built-ins, etc.)? I’m not up for the maintenance on a house, and I probably can’t afford one anyway.
Aesthetically, I prefer old buildings, but central air, an in-unit washer/dryer, etc., amenities which are harder to find in older condos, are also important to me. As I discovered in looking at some pre-war buildings, things I take for granted like an elevator and trash chute often aren't present.
In addition, I fear surprise expenses that might accompany an older building, like repairs and upkeep of ancient plumbing, heating, and electrical systems. I'm curious whether those who picked to buy in a pre-war building versus a new one are pleased with their choice after a couple years, and vice versa (Are those who went with a newer property happy to have the modern touches despite the lack of "charm")? Thanks!
This article originally published at http://dc.urbanturf.com/articles/blog/ut_reader_asks_new_condo_versus_old/5139
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