Period properties vs modern homes
Wed 9 Aug 2017
Let’s face it, buying a home can potentially be pretty stressful with so many important decisions to make before even finding your dream home.
Selecting the right location, making sure you have access to the right amenities and securing your new mortgage can all provide challenges.
But what about the age and style of the property you are seeking? How do you decide which one is best suited to your lifestyle and requirements?
But one thing is for sure, there are pros and cons whether you select a period property or a modern home. Here’s our top picks…
Modern homes are often planned with a more eco-friendly approach when compared to their period home counterparts.
Insulation, underfloor heating and solar panels are all features that can regularly be found in modern properties.
[PLUS] Quality Fittings
Modern living often means that quality fittings will have been installed in the home. High-spec fitted kitchens and bathrooms will not require replacement for some time, giving you plenty of time to plan any future changes.
Modern properties will have been designed with modern living in mind. This means that ‘lifestyle extras’ such as access to communal gyms, underground parking and shared garden areas are often included within the cost of the property.
Modern homes for sale are more likely to have taken the ‘vanilla approach’ to their décor, and have magnolia, white or vanilla wall colours.
Whilst this means it is easy to paint over, it does mean that unless you are a big fan of white spaces, you will be spending some time decorating.
It can be argued that even with the best architectural intentions, many modern homes do not have the ‘personality’ or ‘wow’ factor that a period property can potentially have.
That said… once you have purchased your new home, and added your furnishings and updated the décor, then it may well have all the personality in the world!
[PLUS] A Piece of History
Buying a period home is buying a piece of history. The home was built in another age and will provide historical memories.
Period homes tend to have been built in sought-after locations such as close to schools, rail links and places of interest.
Many British Period period properties will contain unusual or desirable features that were built at the same time as the property.
Period fireplaces, cornicing and garden layouts can not only make a massive difference to the value of the home but they add character and a vintage feel, which is difficult to recreate in a more modern home.
It is essential to determine whether the property you are buying is a listed property and/or in a conservation area.
Not only can this restrict any plans for redeveloping or extending your home, it can also affect decisions on practical matters such as re-roofing and window replacements. It is important to remember that Listed Status applies to the interior of the property and the garden as well.
Damp issues can plague some styles of older properties and can be expensive to rectify. Ensure you get a full RICS Building Survey to determine whether this will be an issue.
As period properties were not designed with modern heating in mind, and often have high ceilings, they can sometimes be cold.
This can often be overcome with the installation of designer radiators which look and feel in keeping with the age of the property, yet heat as modern systems.
As parking one or more cars outside of the house was not in the original design spec, period property owners are often challenged in this area.
If your new home is in a town, you will need to check the availability of off-street parking at different times of day (particularly if it is located close to a rail station) to ensure you will be able to park when you want to.