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new houses aren't structurally better out here
I'm thinking that generally speaking, newer houses are structurally much worse than old houses.
Not even remotely true.
New houses are plywood sheathed to provide better shear strength, making them stand up to earthquakes and wind damage much better.
New houses use thicker Sheetrock, providing better fire protection, noise insulation, and protection against dings.
New houses usually use 2x6 studs while older houses used 2x4. 2x6 means more room for insulation and more structural support.
New houses use engineered I beams, OSB subfloors, etc.
A properly built new home will have much better structure than any old home.
Previous generations tended to build farther back, on higher ground.
Really…, ask “Sandy†victims.
Many "Sandy" victims houses wouldn't have been there without federal flood insurance. Most of the buildings in the old days on those barrier islands were summer shacks, not nice houses. No way in the days before federal flood insurance average people could have afforded private flood insurance (if it could be bought at all) in those area's.
Older houses tend to require more maintenance costs and labor
Boy I found that out! Last year I had to replace my sewer line from the back of the house out to the city line. I noticed the same kind of work going on last week at a house about the same age as mine on the corner down the block from me--at least they lasted 63 years!
Older houses tend to require more maintenance costs and labor
Boy I found that out! Last year I had to replace my sewer line from the back of the house out to the city line. I noticed the same kind of work going on last week at a house about the same age as mine on the corner down the block from me--at least they lasted 63 years!
Not only had your part connection to city sewer got old. The city sewer and water line on your street is getting old as well. Have you seen street sewer back-up?
From another perspective: when rent go south, tenant are living old properties for favor of newer once, because they simply can afford it now (only superb location can retain tenants).
Exactly how does one do this?
One calls a company that specializes in it. They jack up the house, slide it to one side, dig the hole, pour concrete basement walls and foundation, then slide the house back into position on top of the basement. Surprisingly, it can cheaper to add a concrete basement than to raise the height of an attic in a wood frame house. Jacking up a house and moving it requires specialized expertise though; I would never recommend it as a DIY project.
I was thinking more along the lines of this:
https://www.youtube.com/watch?v=blDyrmNtxwA
cheap efficient solar panels with high efficiency battery technology.
maybe 20+ years out to reach the 'cheap' stage...?
I predict that in the future, there will be a solution people can take which will allow them to live in any climate almost totally free of discomfort. Discussions about energy efficiency and insulation will be like discussing buggy whips or the most efficient way to crank the tin Lizzy.
I end up living in older homes, because they are in the convenient neighborhoods I like, but there are tradeoffs.
In big cities... you simply don't have the option to buy a newer home.. Unless you want to tear down the existing home and build a new one from scratch... That stands out like a sore thumb in the neighborhood of 1950s tract housing. I see this in my neighborhood of 50s tract homes... There's a couple extravagant early 2000s Spanish style homes sandwiched between 1950s cape cods and Eichler's. Looks odd.
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http://www.businessinsider.com/homes-30-bigger-consume-2-more-energy-2013-2
Typically, homes undergo costly renovations to keep them up-to-par with newer homes, which employ the latest technologies to make them, among other things, more energy efficient.
www.Ymotivate.com
#investing